Rights Offerings Prove Popular with Both Debtors, Distressed Investors
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Rights Offerings Prove Popular with Both Debtors, Distressed Investors
Billions Raised in Recent Offerings for Companies Exiting Bankruptcy
By Jay M. Goffman, Partner & George Howard, Counsel, Skadden, Arps, Slate, Meagher & Flom LLP
The past few years have brought a number of large rights offerings in bankruptcies in the energy, healthcare, and retail sectors. Between January 1, 2015, and December 1, 2017, more than $5.5 billion was raised through rights offerings or private placements in more than two dozen large...
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George Howard focuses on corporate restructuring, bankruptcy, and other insolvency related matters. In addition, he counsels clients on fraudulent conveyance, illegal dividend, preferential transfer, fiduciary duty, and corporate formalities issues. Mr. Howard has represented companies, secured lenders, asset purchasers, and other significant constituencies in distressed situations, and developed particular experience in Chapter 11 restructurings, the sale and acquisition of assets under Section 363 of the Bankruptcy Code, and the negotiation and approval of debtor-in-possession financings.
Jay M. Goffman is the global co-head of Skadden’s Corporate Restructuring Group. He has led transformational restructurings and transactions encompassing virtually all major worldwide industries. Mr. Goffman has repeatedly been selected as one of the leading restructuring lawyers in the world by numerous corporate restructuring and legal organizations, including Turnarounds & Workouts, Chambers USA, and Chambers Global, among others, and was named among “The Decade’s Most Influential Lawyers” by The National Law Journal in 2010.
