Peter R. Morrison

Restructuring & Insolvency

• Counsel to a public company as it navigated the discovery of systemic fraud at one of its subsidiary companies, requiring the negotiation and documentation of amendments to senior syndicated loan facility and unsecured notes indentures; DIP credit agreement and the resolution of disputes with the debtor.

• Restructuring counsel to a distressed lumber company as it navigated an out-of-court restructuring of its syndicated senior credit facility.

• Counsel to the non-profit manager of several distressed mixed income housing projects.

• Counsel to a small private university that is navigating its distress and managing issues related to its real estate portfolio, proposed mergers and bondholder negations.

• Counsel to a short-term lender in its acquisition of distressed assets and a major expansion in its business platform through a 363 sale in bankruptcy.

• Counsel to a super-regional construction rental equipment company, which successfully negotiated relief with its secured creditors to allow it to proceed through a successful out-of-court sale process that returned substantial proceeds to equity.

• Counsel to a dental services organization winding down operations in over 30 locations and disposing of all assets through an out-of-court process.

• Representing monoline insurers both in and out of court in various matters related to distressed issuers of municipal and private debt.

• Counsel to the Official Committee of Unsecured Creditors in the Chapter 11 cases of In re Optima Specialty Steel, Inc.

• Counsel to the Official Committee of Unsecured Creditors in the Chapter 11 cases of Santa Fe Gold Corporation.

• Counsel to the Official Committee of Unsecured Creditors in the Chapter 11 cases of Constellation Enterprises, LLC.

• Representing a receiver in the successful receivership and sale of all of the assets of a medical supplements company. 

• Counsel to the debtors and debtors in possession in the Chapter 11 cases of In re Midway Gold US Inc.

• Counsel to the debtors and debtors in possession in the Chapter 11 cases of Atna Resources, Inc.

• Representing a debtor bank holding company through all aspects of a Chapter 11 reorganization, including the negotiation of a consensual plan of reorganization, the prosecution and defense of litigation matters with the FDIC and former business and joint venture partners, and the examination of the preference and fraudulent transfer exposure in an effort to maximize estate assets. 

• Successfully representing a secured lender through the plan confirmation process in the highly contested bankruptcy of an industrial automotive supplier. 

• Restructuring the complex secured debt of a national commercial real estate contractor. 

• Successfully defending a major technology supplier in a preference action initiated by the liquidating trustee for a chain of Southern US grocery stores. 

• Successfully defending an Asia-based parts supplier in a preference action initiated by the liquidating trustee of an automotive systems company in Michigan. 

• Defending a multimillion dollar fraudulent transfer and breach of fiduciary duty suit against the former officers and directors of a debt servicing company. 

• Representing the secured creditor through the negotiation of the use of cash collateral and ultimately the sale of the debtor in the bankruptcy of an alternative energy components supplier. 

• Advising on bankruptcy matters related to true sale and non-consolidation in the issuance of public and private debt instruments. 

Banking and Debt Finance

• Counsel to the US Virgin Islands in the successful closing of its historic US$955.5 million Matching Fund Special Purpose Securitization Corporation bond offering.

• Representing first-out lender in a US$88 million syndicated unitranche loan in the healthcare real estate space.

• Representing a borrower oil and natural gas company in the negotiation and documentation of a US$130 million syndicated credit facility, including the formation and addition of new companies. 

• Representing the lead agent in connection with a US$350 million secured syndicated credit facility for a Tier 1 automotive supplier. 

• Representing a US-based specialty chemicals company in a US$200 million trade receivables securitization as part of a multi-tiered US$2 billion acquisition financing package. 

• Representing a regional natural gas supplier in a US$135 million syndicated revolving credit facility designed to assist it in entering into the crude oil market. 

• Representing the lead agent in connection with a US$67 million secured syndicated credit facility for a major national sports franchise. 

• Representing the lead agent in connection with a US$105 million secured syndicated credit facility for an international supplier of industrial mouldings and extrusions. 

• Representing the lead agent in connection with a US$100 million secured syndicated credit facility for an industrial bearing company, which included securing and releasing collateral in Italy, the Netherlands and the Slovak Republic.