Stephen B. Kuhn has nearly three decades’ experience in helping troubled companies and their investors reorganize, recapitalize, and monetize their assets and holdings.Stephen has been lead transactional counsel to numerous creditors’ committees and informal creditor groups in Chapter 11 reorganizations, out-of-court restructurings and exchange offerings, with particular emphasis on sales of distressed companies in Chapter 11 proceedings.
He also frequently represents debtors and sellers, as well as buyers, assessing debtors’ assets for sale under Section 363 of the Bankruptcy Code. Stephen has extensive experience in the corporate and securities law aspects of the restructuring process. He has represented numerous companies following emergence from Chapter 11.
- Frequently represents companies following their emergence from Chapter 11.
- Helps troubled companies and their investors in reorganizations.
- A go-to lawyer for Section 363 sales and other distressed merger and acquisition transactions.
- Stephen advised creditors’ committees, informal creditor groups and asset purchasers in the restructurings of:
- Nortel Networks, which featured Section 363 sales totaling more than $7.5 billion in proceeds, including the sale of a patent portfolio for
- Rand Logistics Inc., where, following months of planning and negotiations, Rand, a leading provider of bulk-freight shipping services throughout the Great Lakes region, completed its restructuring in just 31 days and emerged before the start of the spring sailing season. First lien and unsecured claims were paid in full, and Rand’s second lien indebtedness was fully equitized.
- Rex Energy Corporation, in which Akin Gump represented an ad hoc group of second lien noteholders in the Chapter 11 restructuring of approximately $930 million in debt. This group was critical in obtaining a successful bid for substantially all of Rex’s assets from PennEnergy Resources for more than $600 million through a competitive bidding process.
- The Weinstein Company, in which Akin Gump advised Lantern Entertainment LLC as purchaser of substantially all of the assets of the company through the bankruptcy process for $289 million, following the negotiation of a $21 million reduction in purchase price. This deal was completed on a very fast timeline against the backdrop of intense media scrutiny.
- Eastman Kodak Company, where Akin Gump represented the second lien noteholders in the sale of a portfolio of digital imaging patents for
$525 million, as well as $830 million debtor-in-possession financing.
- Other matters include:
- GT Advanced Technologies
- Hawker Beechcraft Inc.
- Friendly’s Inc.
- Catalyst Paper Corp.
- Evergreen Solar Inc.
- Calpine Corporation
- Philadelphia Newspapers LLC
- Loral Space & Communications, Ltd.
- Collins & Aikman
- Fruit of the Loom
- LTV Steel.
- J.D., Fordham University School of Law, 1989
- B.A., Middlebury College, 1983
- New York
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