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Distressed Public Debt

For more than half a century, Thompson & Knight has played a leading role in publicly and privately financed debt transactions to meet the needs of our clients. We represent clients with respect to the issuance and administration of public debt, including corporate and municipal debt.

Overview

For more than half a century, Thompson & Knight has played a leading role in publicly and privately financed debt transactions to meet the needs of our clients. We represent clients with respect to the issuance and administration of public debt, including corporate and municipal debt.

Our experience encompasses the full universe of debt offerings including senior secured, second lien, subordinated, mezzanine, convertible, and other exotic tranches. We provide counsel in connection with TIA-qualified and privately placed, Rule 144A and Regulation S offerings, cross-border (including multi-currency) transactions, and trust preferred securities. Additionally, we have deep experience handling inter-creditor issues and dispute agreements and subordination issues, including structural and contractual subordinations.

Our broad experience enables us to effectively represent secured and unsecured lenders, individual bond and note holders, groups of holders, and institutional clients acting as indenture trustees, master servicers, collateral managers, cash managers, account banks, depository banks, or as any type of agent.

We have counseled clients in asset securitization transactions backed by virtually every type of asset, including:

  • Financial receivables such as credit card receivables, loans, and bonds as well as synthetic debt instruments;
  • Equipment lease receivables including aircraft and engine leases;
  • Royalty payments, oil and gas, and other trade receivables;
  • Real estate-backed securities, such as REMICs, RMBS, and CMBS transactions; and
  • Special purpose vehicles including CDOs.

The depth and breadth of this experience provides us with the ability to support our clients and positions us to add value as our clients address difficult credit and liquidity enhancement problems. We add value by providing cost-effective, service-oriented legal representation through a cross-platform group of experts. The expertise we bring to our clients includes corporate finance; securities; bankruptcy and insolvency; regulatory; tax; and upstream, midstream, and downstream energy.

Ranked among the top firms in Texas for Bankruptcy/Restructuring in Chambers USA 2019 by Chambers and Partners

National tier-one ranking in Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law in “Best Law Firms” 2019 by U.S. News-Best Lawyers®

50+

More than half a century of experience leading publicly and privately financed debt transactions