George Klidonas

Mr. Klidonas’ company/debtor representations include:

• Robertshaw US Holding Corp. and its US subsidiaries (a global designer and manufacturer of component parts for appliances) in their chapter 11 cases in the US Bankruptcy Court for the District of Texas in connection with its Section 363 sale process and chapter 11 plan process
• FXI Holdings, Inc. (a leading bedding and comfort technologies provider) in its exchange offer of its outstanding 7.875% senior secured notes due 2024 for a combination of newly issued 12.250% senior secured notes due 2026 and cash. The exchange offer also included a consent solicitation to amend the 2024 notes to eliminate substantially all of the restrictive covenants, certain of the default provisions, and to release all of the collateral securing the 2024 notes. The noteholders agreed to exchange US$500.2 million of the 2024 notes (representing 99.10% of the 2024 notes)
• Virgin Orbit Holdings, Inc. and its US subsidiaries (a US-based responsive space launch provider) in their chapter 11 cases in the US Bankruptcy Court for the District of Delaware in connection with its Section 363 sale process and chapter 11 plan process
• Lumileds Holding B.V. (a Dutch-based global leader in innovative lighting solutions) and its Dutch and US affiliates in their prepackaged chapter 11 cases in the US Bankruptcy Court for the Southern District of New York and restructuring more than US$1.7 billion of their funded debt
• Superior Energy Services, Inc. (an oilfield services company) and its domestic affiliates in their chapter 11 cases in the US Bankruptcy Court for the Southern District of Texas and restructuring more than US$1.3 billion of their funded debt
• Mallinckrodt plc (a major specialty pharmaceutical company) and its affiliates in their chapter 11 cases in the US Bankruptcy Court for the District of Delaware and restructuring more than US$5.3 billion of their funded debt, as well as opioid-related liabilities
• Lonestar Resources US Inc. (an oil and natural gas company) and its affiliates in their prepackaged chapter 11 cases in the US Bankruptcy Court for the Southern District of Texas and restructuring more than US$535 million of their funded debt
• APC Automotive Technologies Intermediate Holdings (an automotive aftermarket company) and its affiliates in their prepackaged chapter 11 cases in the US Bankruptcy Court for the District of Delaware and restructuring more than US$430 million of their funded debt*
• One Call Corporation (a leading national provider of managed care solutions in the workers' compensation industry and other health care markets) in its successful out-of-court US$1 billion equitization of junior debt and US$375 million 
• Sungard AS Capital (a provider of IT production and recovery services) and its affiliates in their “24-hour prepackaged” chapter 11 cases in the US Bankruptcy Court for the Southern District of New York, and restructuring more than US$1.26 billion of their funded debt, in the fastest chapter 11 case in history*
• Windstream Holdings (a telecommunications services provider to residential and business customers in rural communities) and its affiliates in their chapter 11 restructuring in the US Bankruptcy Court for the Southern District of New York and restructuring more than US$5.6 billion of their funded debt*
• FullBeauty Brands Holdings (a direct-to-consumer online and catalogue retail company) and its domestic affiliates in their “24-hour prepackaged” chapter 11 cases in the US Bankruptcy Court for the Southern District of New York and restructuring more than US$1.2 billion of their funded debt*
• Cenveo (a world leader in commercial printing, envelopes, labels, warehousing and fulfillment, direct mail, and related services) and its domestic subsidiaries in their prearranged chapter 11 cases in the US Bankruptcy Court for the Southern District of New York and restructuring more than US$1 billion of their funded debt*
• rue21 (a brick-and-mortar retailer of women’s and men’s casual apparel) and certain of its affiliates in their prearranged chapter 11 restructuring in the US Bankruptcy Court for the Western District of Pennsylvania and restructuring more than US$800 million of their funded debt*
• Avaya (multinational technology company that provides cloud communications and workstream collaboration services) and certain of its affiliates in their chapter 11 cases in the US Bankruptcy Court for the Southern District of New York and restructuring more than US$6 billion of their funded debt; Turnaround Management Association recognized the successful restructuring of Avaya with its Mega Company Transaction of the Year Award*
• Sabine Oil & Gas (an oil and natural gas company) and its subsidiaries in their chapter 11 cases in the US Bankruptcy Court for the Southern District of New York; Turnaround Management Association recognized the successful restructuring of Sabine Oil & Gas Corporation with its Large Company Transaction of the Year Award*
• Samson Resources (an oil and natural gas company) in its chapter 11 cases in the US Bankruptcy Court for the District Delaware and restructuring more than US$4 billion of their funded debt*

Mr. Klidonas also handles transactions and restructurings on behalf of sponsors and investors, including:

• A strategic investor group that committed up to US$25 million and acquired 50% of the outstanding principal amount of the convertible notes for US$32 million under a restructuring support agreement in connection with 5E Advanced Materials, a boron and lithium company, with US government Critical Infrastructure designation for its 5E Boron Americas Complex
• The private equity sponsors in connection with an out-of-court restructuring through a consensual foreclosure of Dunn Paper Holdings, LLC
• Korean-based financial institutions in connection with Seadrill Limited multi-jurisdictional chapter 11 restructuring of US$6.1 billion of funded debt
• Searchlight Capital Partners in connection with the US$150 million recapitalization and refinancing of MediaMath and its affiliated entities
• The Carlyle Group in connection with the refinancing and recapitalization of Array Canada, Inc. and its affiliated entities
• Property Solutions Acquisition Corp. SPAC in its merger with Faraday Future to create a combined company with a value in excess of US$3.3 billion
• The senior creditors committee in relation to the rescue financing and subsequent €2.4 billion debt and equity restructuring of Swissport, a global aviation services business headquartered in Switzerland
• The private equity sponsors and Sable Permian Resources in the successful completion of American Energy Permian Basin’s US$2.1 billion out-of-court recapitalization*
• The private equity / creditor investment fund in connection with a term loan facility and debtor-in-possession financing facility in the chapter 11 cases of Furie Operating Alaska, Cornucopia Oil & Gas Company, and Corsair Oil & Gas*
• A private equity investment firm in providing US$386 million of debtor-in-possession financing to Performance Sports Group and purchasing substantially all of its assets in a 363 sale for US$575 million, which included the following brands: Bauer Hockey, Mission Roller Hockey, Maverik Lacrosse, Cascade Helmets, Combat, and Easton*

*Matter handled prior to joining Latham

Speaking Engagements

Mr. Klidonas regularly speaks on legal and financial topics for leading organizations, including CNBC, the Turnaround Management Association, Wharton Restructuring and Distressed Investing Conference, and the American Bankruptcy Institute. He also regularly speaks at the Benjamin N. Cardozo School of Law.

• "Running on Empty: Automotive Suppliers Facing an Array of Challenges," Wharton Restructuring and Distressed Investing Conference (Speaker, February 2022)
• “The Continued Impact of COVID-19 on the Distressed Real Estate Market,” American Bankruptcy Institute, Spring Meeting (April 21,2021)
• “How Investors Can Capitalize on Renewed Interest in Reddit-Driven Stocks,” CNBC Squawk Box (March 1, 2021)
• “TMA Connect Live: Disruption - Is the Game Stop Game Just Getting Started?” Turnaround Management Association, Distressed Investment Conference (Speaker, February 2021)
• “Around the Creditor Battlefield,” Turnaround Management Association, Distressed Investment Conference (Moderator, February 2021)
• “Tips from the Titans,” Turnaround Management Association’s NextGen Leadership Experience (Speaker, October 2020)
• “Distressed Hedge Funds,” Wharton Restructuring and Distressed Investing Conference (Speaker and Moderator, February 2020)
• “Disruption: An Economic Driver for Restructurings,” Wharton Restructuring and Distressed Investing Conference (Speaker, February 2020)
• “Lien Stripping in Chapter 11 Bankruptcy Cases: Lessons for Secured Creditors,“ Stafford (Speaker, January 2016)
• “Almost Everything You Wanted to Know About Tax Issues in Bankruptcy,“ National Conference of Bankruptcy Judges (Speaker, September 2015)
• International Mergers & Acquisitions, Fordham University School of Law (Visiting Professor, Fall 2012)