Project Finance Workout and Restructuring

Projects or transactions often confront adverse, unforeseen events. Problems can arise at any stage of the project life cycle: development, construction, or operation. The challenge may be limited to one contractor, or as broad as the collapse of an entire sector of an economy.

Whatever the circumstances of the event, one question follows: Now what?

Chadbourne's project finance workout and restructuring practice advises clients on steps to analyze and resolve the most difficult "now what" situations. Our attorneys offer skills in project finance bankruptcy, restructuring, and litigation. They understand the legal issues, as well as the general business context, of finance, energy, and infrastructure projects. Our clients include U.S. and non-U.S. financial institutions, multilateral and bilateral agencies, insurance companies, developers, sponsors and creditors’ committees.

We approach each assignment as unique: We analyze the pros and cons of all available options, and advise a client of the risks and rewards of each approach. We then execute the client's strategy, which may involve a negotiated restructuring, sale, bankruptcy, foreclosure, litigation or arbitration.

The workout and restructuring group also represents lenders. We have dealt with lender liability concerns, balancing competing lender interests in large syndicates and tackling problems involving multinational corporations.

Representative Experience

Orinoco HBI and Port Project
Project Finance Lenders
Workout and restructuring of the $1 billion hot-briquetted Orinoco iron project.
Restructuring of Bank Debt by Pipeline Operator
International Finance Corporation
$600 million restructuring in bank debt, Rule 144A and Regulations S Notes by an Argentine operator of natural gas pipelines.
Debt Restructuring
TGS Creditors' Committee
Restructuring of dollar-denominated notes and bank and multilateral agency debt of $1.1 billion through a successful exchange offer by a natural gas pipeline company in Argentina.
Utility Debt Workout
Inter-American Development Bank
Workout and restructuring negotiations of over $600 million of debt of a water utility in Argentina.
[ more representative experience ]


Related Practice Areas

Alternative Dispute Resolution (ADR)
Bankruptcy and Financial Restructuring
Finance
Litigation
Project Finance

Related Industries

Energy
Agency Finance
Transportation

Related Regions

Latin America
Russia
North America
 

Worldwide Contact

Douglas M. Fried
New York
+1 (212) 408-5124

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