Robert (Bodie) Stewart

Represented a leading global alternative investment manager with respect to a follow-on private exchange of existing unsecured notes of Office Properties Income Trust for approximately $43 million in aggregate principal amount of newly issued secured notes.

Advised an ad hoc group of noteholders and term loan lenders to Lumen Technologies Inc. and Level 3 Financing Inc. on a comprehensive debt recapitalization transaction of more than $12.5 billion of outstanding indebtedness, representing roughly 70% of Lumen’s capital structure.*

Advised an ad hoc group of noteholders and lenders to Diebold Nixdorf, Incorporated in connection with a comprehensive cross-border debt recapitalization transaction that entailed: a new $400 million superpriority senior secured term loan financing, the issuance by Diebold of extended-maturity term loans in exchange for existing first-lien term loans, a consent solicitation with respect to existing first-lien bonds, the issuance of junior-lien bonds in exchange for unsecured bonds and the exchange of revolving loans for commitments under a new global ABL facility.*

Advised an ad hoc group of unsecured noteholders to WeWork Companies LLC in connection with a comprehensive debt recapitalization transaction.*

Advised a leading performance auto parts manufacturer and certain of its affiliates in connection with a comprehensive recapitalization that reduced its debt by approximately $250 million and provided an infusion of $60 million of new capital, which was supported by 100% of its lenders.*

Advised an ad hoc group of term loan lenders to Altisource in connection with amendments extending the maturity of its $247.2 million term loan facility and $15 million revolving credit facility, as well as a confidentially marketed public offering generating net proceeds of approximately $21.2 million in conjunction with the amendment of the term loan facility.*

Represented a key group of noteholders with respect to the refinancing of approximately $540 million of senior secured notes of a major North American home builder (as part of a nearly $700 million debt reprofiling), including the issuance of three new tranches of notes (first lien, second lien and third lien).*

Represented a retailer in an out-of-court restructuring of approximately $143 million of secured notes (along with certain other debt), including the raising of approximately $35 million of new money through a rights offering and the equitization of the substantial majority of its existing debt.*

Represented a company specializing in receivables management and debt collection in an out-of-court restructuring of approximately $440 million of senior secured notes (along with certain other debt), including the raising of approximately $40 million of new money through a rights offering and the equitization of the substantial majority of existing debt.*

Represented key noteholders in the $346 million recapitalization of a leading mining and extraction conglomerate through the exchange of old notes for new notes in combination with a $250 million equity injection by new investors.*

Represented a shipping and logistics company in its out-of-court restructuring of approximately $125 million of senior secured notes through the equitization of approximately 99% of such notes in an exchange and tender offer.*

Represented a Colombian-based airline in the out-of-court restructuring of substantially all its debt (a combination of a  liability management transaction and multipronged negotiations with dozens of separate lenders).*

Represented a key investor in the proposed out-of-court restructuring of approximately $340 million of senior notes of a Brazilian construction conglomerate.*

(*Indicates work done prior to Kramer Levin.)

Advised an ad hoc group of creditors in connection with the Chapter 11 restructuring of Enviva Inc. and certain of its subsidiaries, including in the execution of a restructuring support agreement with the company that provides for a comprehensive restructuring of Enviva’s capital structure, which resulted in the reduction of Enviva’s debt by approximately $1 billion and debtor-in-possession (DIP) financing of $500 million (including a novel arrangement allowing the instruments to be in the form of either loans or notes).*

Advised an ad hoc group of noteholders in connection with the Brazilian RJ of Oi S.A. and certain of its subsidiaries, with an RJ plan providing for the proposed restructuring and equitization of certain of Oi’s financial liabilities and the eventual issuance of approximately $600 million in new notes.*

Advised the private equity sponsor and its affiliated funds in connection with the Chapter 11 restructuring of Hornblower Holdings LLC, involving $285 million of DIP financing and a $345 million equity rights offering.*

Advised a regional telecommunications company and certain affiliated entities in connection with a consensual cross-border restructuring of approximately $3.8 billion of its indebtedness, implemented through two consolidated schemes of arrangement in Bermuda and recognition proceedings in the United States.*

Advised an ad hoc group of first-lien lenders and noteholders in connection with the Chapter 11 restructuring of Air Methods Corp., which involved $155 million of DIP financing and $335 million of exit financing, including a novel rights offering for a mix of term loans and equity.*

Advised an ad hoc group of first-lien secured noteholders in connection with the Chapter 11 restructuring of Party City Holdings Inc. and certain of its subsidiaries, which included a $150 million new money DIP financing loan and a rights offering for new notes and equity.*

Advised an ad hoc group of secured creditors in connection with the Chapter 11 restructuring of Diebold Nixdorf and the related proceedings under the Dutch Act on Confirmation of Extrajudicial Plans (Wet homologatie onderhands akkoord (WHOA)), including approximately $1.25 billion in exit term loan financing.*

Advised an ad hoc group of secured noteholders in connection with WeWork’s Chapter 11 restructuring.*

Advised an ad hoc group of prepetition, DIP, and exit financing lenders and equity backstop parties in connection with the Chapter 11 restructuring of Revlon Inc. and certain of its subsidiaries.*

Advised a private equity firm as the largest secured lender to GTT Communications Inc. in connection with GTT’s Chapter 11 restructuring.*

Represented the ad hoc group of noteholders with respect to the in-court restructuring (in Brazil through a recuperação judicial process, and in BVI through a scheme of arrangement) of approximately $600 million of senior secured notes (along with certain other debt) of a Brazilian oil exploration and production conglomerate, including raising $27 million of new money through a rights offering.*

Represented the term loan agent in the restructuring of a retailer in Chapter 11 through the equitization of nearly $1 billion of debt and raising approximately $60 million of new money through a rights offering.*

Represented a key third party in the restructuring of approximately $17 billion of securitized notes of COFINA (the Puerto    Rican sales tax entity).*

Represented the DIP lenders in a 363 asset sale as part of the Chapter 11 restructuring of a mining and extraction company.*

(*Indicates work done prior to Kramer Levin.)

Advised a large asset manager in a $1.25 billion Rule 144A/Regulation S senior notes offering.*

Represented the underwriters in the secondary offering of $500 million of limited partnership units of a green energy investment company.*

Represented the Brazilian-based issuer in the ethanol and biofuel energy industry in a $550 million offering of green bonds.*

Represented the issuer in a series of registered direct and PIPE (hybrid) offerings of common stock and warrants, and in the follow-on filings of resale registration statements on Forms S-1 and S-3, as applicable.*

Represented an Australian-based technology services client in its IPO.*

Represented the underwriter in the IPO of a biopharmaceutical company focusing on treatments for Alzheimer’s.*

Represented the U.S.-based acquirer in the marijuana biotechnology industry with respect to the negotiated strategic acquisition of a Canadian-based target with complementary IP in the psychedelics biotechnology industry.*

Represented the Canadian-based acquirer in the mining industry with respect to the hostile strategic acquisition of a Canadian-based competitor.*

Represented the German-based acquirer with respect to the negotiated strategic acquisition of a publicly reporting U.S.-based competitor in the online dating space and the related IPO of the combined company.*

Represented private investment entities and the private equity division of a bulge bracket investment bank in numerous M&A financing investment bids through “commitment papers” and in the follow-on investments (including term loans and privately placed notes) precipitated by successful bids.*

Represented an underwriter-affiliated purchaser with respect to its purchase of privately placed senior secured notes as part of a $5 billion LBO of an IT management software company.*

Represented the underwriters in the issuance of $400 million of notes by an electrical transmission company.*

Represented the underwriters in the issuance of $290 million of senior notes by India’s Delhi International Airport.*

Represented the underwriters in the issuance of $75 million of senior unsecured notes in a “tap” by a U.S.-based company specializing in health sciences, lab services and sterilization solutions.*

Represented the underwriters in the issuance of approximately $610 million of notes and $140 million of equity certificates in connection with the securitization of a portfolio of approximately 30 commercial aircraft.*

Represented the underwriters in the issuance of approximately $1.5 billion of project-related bonds in respect of a Latin American-based power plant and related infrastructure.*

(*Indicates work done prior to Kramer Levin.)