Daniel Stroik

Daniel E. Stroik is a corporate associate and a member of the firm’s Business Restructuring & Workouts Group. Mr. Stroik centers his practice on distressed investing and corporate restructurings, with a particular focus on financing issues. He regularly represents debtors, existing creditors, debtor-in-possession lenders, and other significant parties in large and mid-sized Chapter 11 cases and out-of-court restructurings.

Mr. Stroik joined Debevoise in 2011. He received his J.D. from the University of Chicago Law School with honors in 2011 and his B.A. summa cum laude from the College of New Jersey in 2008. Mr. Stroik is a member of the Bar of the State of New York and is admitted to practice before the U.S. District Court for the Southern District of New York.

Experience:

• David’s Bridal in its successful pre-packaged Chapter 11 reorganization in the U.S. Bankruptcy Court for the District of Delaware, under which David’s Bridal cut its debt by more than $400 million while preserving its business intact and ensuring that 80,000 pending customer orders and all trade claims would be satisfied without interruption.
• Gramercy Funds Management, as debtor-in-possession lender and one of the largest shareholders and creditors of Banro Corporation, a Canadian mining company with operations in the Democratic Republic of Congo, which successfully restructured under CCAA proceedings in Canada.
• Crescent Capital Group, KKR Credit Advisors, LLC and GoldPoint Partners, LLC, as prepetition noteholders and debtor-in-possession lenders to The Rockport Company and its subsidiaries, in connection with the company’s Chapter 11 proceedings.
• Antares Holdings LP, a leading provider of lending solutions to private equity sponsor-backed middle-market companies, in the placement of $280 million of senior unsecured notes.
• Ambac Assurance Corporation, a Wisconsin domiciled insurance company, in a holistic restructuring transaction that involved three exchange offers of existing debt securities and other payment obligations for approximately $2.2 billion of newly-issued debt securities, as well as a new-money financing collateralized by the future proceeds of certain litigation claims against RMBS originators.
• EIG Global Energy Partners, as sponsor, equity provider and DIP lender in the Chapter 11 proceedings of midstream O&G company Southcross Holding LP, in the U.S. Bankruptcy Court for the Southern District of Texas that reduced over $610 million of funded debt by nearly 80% and provided $170 million of new money investments to ensure the long-term viability of the debtors’ enterprise, including their publicly traded master-limited partnership left outside of the filing.
• Altegrity, a global, diversified risk and information services company, together with its operating businesses Kroll, HireRight and USIS, in their pre-negotiated Chapter 11 proceedings in the United States Bankruptcy Court for the District of Delaware, in which they successfully restructured more than $1.8 billion in funded indebtedness.
• Kelso & Company, the private equity sponsor of Logan’s Roadhouse Inc., in connection with Logan’s pre-arranged Chapter 11 proceedings and in a privately negotiated exchange offer to holders of Logan’s senior secured notes resulting in the issuance of over $220 million in new senior secured notes.

Education:

• University of Chicago Law School, 2011, J.D.
• College of New Jersey, 2008, B.A.

Bar Admissions:

• New York