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Matthew M. Murphy

Partner, Corporate Department
T 1(312) 499-6036
F 1(312) 499-6136
Matthew M. Murphy is a partner in the Corporate department at Paul Hastings and is based in the firm’s Chicago office. He advises a variety of clients in complex business reorganizations, debt restructurings and troubled company M&A.

Mr. Murphy has counseled clients, both public and private, through out-of-court and chapter 11 restructuring initiatives, the purchase of or investment in, distressed companies, the sale of distressed assets and post-petition lending strategies.

Experience

Mr. Murphy has represented numerous clients through out-of-court and chapter 11 restructuring initiatives including:

  • Representing a company in the healthcare industry in its restructuring
  • Representing a company in the oil and gas exploration and production industry in its restructuring
  • Representing an Agent in the work-out of a company in the communications industry
  • Represented the Senior Secured Agent in the out-of-court restructuring of a company in the defense industry
  • Represented the Senior Secured Agent in the bankruptcy of a salt water disposal company in West Texas (served as stalking horse and ultimate owner)
  • Represented a private equity firm in the out-of-court restructuring of a company in the oilfield services industry
  • The out-of-court restructuring of a company that operates a power plant 
  • ALCO Stores, Inc., a retail chain of over 200 stores in 23 states, in its organized wind-down and sale of assets
  • The out-of-court restructuring of an advertising and marketing business
  • The out-of-court restructuring of a company engaged in the manufacture and sale of soils, mulches and organic fertilizers
  • Velti, Inc., a leading mobile marketing and advertising company, during its chapter 11 and the sale of its US and UK assets
  • Education Holdings 1, Inc. in its prepackaged chapter 11 proceedings
  • The out-of-court restructuring of a leading provider of quality cake and pie products
  • The Clare, a Continuing Care Retirement Community, in its proceedings under chapter 11
  • Access Industries in its role backstopping a US$2.8 billion rights offering for Lyondell Chemical Company
  • Interstate Bakeries Corporation (a/k/a Hostess Brands), the largest wholesale baker and distributor of fresh baked bread and sweet goods in the US, in its chapter 11 reorganization
  • Mark IV Industries, Inc., a leading manufacturer of highly engineered systems and components for transportation, infrastructure vehicles and equipment, in its chapter 11 reorganization and international restructuring
  • McLeodUSA Incorporated, one of the largest independent telecommunications service providers in the US, in its restructuring pursuant to a prepackaged plan of reorganization
  • National Steel Corporation, at one time one of the largest integrated steel producers in the United States, during its chapter 11 case and sale of assets to US Steel
  • Comdisco, Inc., a global technology services provider, during its chapter 11 and sales of assets in the US and Europe

Mr. Murphy has also represented financial institutions, private equity and hedge funds in financing transactions and the acquisition of distressed assets, including:

  • A potential purchaser of assets in the retail space
  • A lender in providing a subordinated loan to a company that manufactures and distributes sporting goods and apparel
  • Macquarie Trading USA, LLC in providing a $500 million Term Loan to Vertex Pharmaceuticals
  • A private equity firm as the debtor-in-possession lender to videogame maker THQ, Inc. as well as the “stalking horse” bidder for the assets of THQ, Inc.
  • A private equity firm in the acquisition of the assets of Mformation Technologies, Inc. pursuant to Article 9 public sale process
  • A private equity firm as potential “stalking horse” bidders for assets in a 363 sale in the retail industry 
  • A private equity firm as a “stalking horse” bidder for certain of the assets of Vitro America
  • An ad hoc group of secured creditors in their exchange of debt for equity pursuant to the chapter 11 reorganization of Insight Health Services Holdings Corp.
  • A private equity firm in its acquisition of the assets of White Birch Paper Company in both Canada and the United States
  • A private equity firm in its acquisition of the assets of Werner Ladder

On the lender side, Mr. Murphy has represented Bank of America, Black Diamond Commercial Finance, JPMorgan and Morgan Stanley as debtor-in-possession lenders or buy-side lenders.

Accolades and Recognitions

In 2012, M&A Advisor recognized Mr. Murphy among the winners of its 40 Under 40 Central award, which recognizes emerging leaders of the M&A, financing and turnaround industries.

Speaking Engagements and Publications

  • “Asset Sales: Navigating the Bumps in the Road,” March 4, 2011 
  • “Understanding Intercreditor Agreements,” July 18 2012
  • “Are Special Purpose Vehicles Bankruptcy Proof,” November 2011
  • “Releases, Indemnification and Exculption in Plans at Reorganization,” October 2014 

Professional and Community Involvement

  • Member, Turnaround Management Association
  • Board Member, Downtown Chicago Region of the American Cancer Society

Education

  • University of Michigan Law School, J.D., 1998
  • University of Michigan, B.A., 1995