Paul Hastings Advises Ad Hoc Group of Term Lenders to Empire Today

Paul Hastings LLP advised an ad hoc group of term lenders to Empire Today LLC and its subsidiaries (Empire Today) in connection with a comprehensive, out-of-court recapitalization of Empire Today’s nearly $800 million capital structure and a $65 million new equity investment. The transaction involved the implementation of a fully consensual restructuring supported by the company and its lenders that reduced overall leverage, improved liquidity and positioned the business for sustainable growth.

Financial Restructuring Group co-chair Jayme Goldstein and partner Isaac Sasson led the team, which also included partners Matthew Schwartz, Sal Perrotto, David Hong and Gary Silber, of counsel Joanne Lau and Tess Sadler, and associates Christine Geils, Leonie Koch, Omar Abdelhamid, Michael Reeves and Alexis Fishman.

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