Overview
Will Reily is of counsel in the Financial Restructuring group at Paul Hastings and is based in the firm's Chicago office. He represents secured and unsecured lenders, bondholders, debtors and other stakeholders in Chapter 11 cases, out-of-court restructurings and private credit workouts. When positions harden and value starts to leak, Will gets deals closed. As one client told Chambers, he "herded cats to close a transaction that preserved significant value for a number of stakeholders."
In Chapter 11, his work centers on debtor-in-possession and exit financings, asset sales and credit bids. Out of court, he negotiates restructuring support agreements, debt-for-equity exchanges, distressed acquisitions and liability management transactions, and he advises creditors in restructuring-driven litigation. He also handles cross-border insolvencies and was selected to the International Insolvency Institute's NextGen Class XIV, a global program for the field's leading young restructuring practitioners. Will's recent representations span the energy, transportation, hospitality, retail, healthcare and finance sectors.
Education
- Tulane University Law School, J.D., 2016
- St. Olaf College, B.A., 2012
Representations
- The Ad Hoc Group of Senior Secured Lenders and Second Lien Noteholders in connection with the bankruptcy cases of ModivCare Inc.
- Mosaic Sustainable Finance Corporation and its affiliates in their Chapter 11 bankruptcy cases.
- The Ad Hoc Group of Senior Secured Lenders in connection with the Chapter 11 bankruptcy cases of The Container Store.
- The Ad Hoc Group of Convertible Noteholders of Spirit Airlines in connection with the Chapter 11 bankruptcy cases of Spirit Airlines.
- Transtech Glass Investment Limited in connection with liquidation of assets and operations through insolvency proceedings in the U.S., Europe, South America and China.
- DIP Lender and Stalking Horse Purchaser in the Chapter 11 bankruptcy cases of Near Intelligence, Inc. and its affiliates before the United States Bankruptcy Court for the District of Delaware.
- Reficaria de Cartagena in connection with its claims against subsidiaries of McDermott International in restructuring proceedings in the United Staes, United Kingdom and the Netherlands
- Certain senior lenders in connection with the Chapter 11 bankruptcy of Heritage Power in the United States Bankruptcy Court for the Southern District of Texas.
- DIP Lender and Stalking Horse Purchaser in the Chapter 11 bankruptcy cases of Troika Media Group, Inc. and its affiliates before the United States Bankruptcy Court for the Southern District of New York.
- Ad Hoc Group of Secured Term Lenders and Noteholders of Talen Energy in connection with the Chapter 11 bankruptcy cases of Talen Energy.
- Secured commodity hedge providers and portfolio companies operating in ERCOT in the restructuring of numerous windfarms in south Texas following Winter Storm Uri.
- Foreign bank in connection with its exposure to Brazos Cooperative in its Chapter 11 bankruptcy in the United States Bankruptcy Court for the Southern District of Texas.
- Senior secured lenders in out-of-court restructuring of urgent care company.
- Senior secured lenders in out-of-court restructuring of mental health services company.
- Senior secured lenders in out-of-court restructuring of aeronautical engineering and manufacturing company.
- Senior secured lenders in out-of-court restructuring of roofing company.
Involvement
- Member – International Insolvency Institute’s NextGen Class XIV