Holding companies in the corporate structure of privately owned high-speed rail system Brightline Florida are funding their Chapter 11 debt restructuring with what experts say is an unusual, but elegant, debtor-in-possession facility that could streamline the cases.
A pool supplier hit Chapter 11 with a $685 million debt-for-equity swap plan, Brazilian construction conglomerate Andrade Gutierrez Engenharia asked for Chapter 15 recognition, and a spa in the Catskills sought bankruptcy protection.
A team of attorneys from Haynes Boone and Simpson Thacher & Bartlett LLP is guiding pool product maker Leslie's through the waters of bankruptcy in Texas.