Andrew C. Ambruoso advises companies, creditors, and distressed investors on a wide range of bankruptcy and restructuring matters, including chapter 11 proceedings, large out-of-court workouts, and distressed acquisitions and investments.

Mr. Ambruoso handles complex bankruptcy and restructuring matters, both in and out of court, on behalf of agent banks, creditors, hedge funds, and companies. His practice includes restructurings spanning diverse industries, such as automotive, aviation, communications, shipping, retail and consumer products, energy, gaming and hospitality, pharmaceuticals, steel, and general industrials.

Upon graduating law school, Mr. Ambruoso served as law clerk to Chief Judge John C. Ninfo, II for the US Bankruptcy Court for the Western District of New York and Senior Judge for the Bankruptcy Appellate Panel of the US Court of Appeals for the Second Circuit.

Thought Leadership

  • "Retail Rodeo: Reflections on Yet Another Unprecedented Dynamic Year in Retail," 17th Annual Wharton Restructuring and Distressed Investing Conference Webcast, April 9, 2021

Mr. Ambruoso’s experience includes the following representations:

  • Reverse Mortgage Funding, LLC – Leadenhall Capital as prepetition and DIP lender in RMF’s chapter 11 proceedings
  • Output Services Group, Inc. - Pemberton Funds, as plan sponsor, prepetition and DIP lenders, and new money investors in OSG’s pre-packaged chapter 11 case 
  • Revlon, Inc. - Citibank, as agent and lender, in Revlon’s chapter 11 case
  • Riverbed Technology - Morgan Stanley as prepetition 1L agent in Riverbed’s pre-packaged chapter 11 case
  • GNC Holdings in its chapter 11 proceedings
  • Global Eagle Entertainment in its chapter 11 proceedings
  • CarbonLite - Orion Energy as prepetition lender and DIP lender in the CarbonLite’s chapter 11 proceedings
  • Bi-Lo (Southeastern Grocers) - Deutsche Bank as administrative agent and lender under a US$900 million prepetition ABL facility and as lead arranger for a US$1.125 billion exit facility in Bi-Lo’s chapter 11 proceedings*
  • Texas Competitive Electric Holdings - Deutsche Bank as lead arranger for US$4.25 billion DIP/“roll-to- exit” credit facility for TCEH*
  • LightSquared - Ad Hoc Group of secured lenders in connection with the successful restructuring of a US$1.7 billion prepetition secured term loan pursuant to a confirmed chapter 11 plan of reorganization and US$700 million DIP facility*
  • Visteon Automotive - Ad Hoc Group of bondholders in connection with confirmation of “toggle” plan of reorganization, US$1.25 billion equity rights offering, and US$700 million exit facility*
  • K-V Pharmaceuticals - Deutsche Bank's Distressed Products Group as a plan sponsor and investor in K-V’s successful restructuring of US$570 million in prepetition secured debt under a confirmed chapter 11 plan of reorganization with a US$275 million equity rights offering and US$100 million exit facility*
  • General Maritime - Nordea Bank, as agent, and a steering committee of senior lenders in connection with the chapter 11 reorganization of General Maritime Corporation, including a US$75 million DIP facility and the restructuring of US$1.385 billion of senior secured debt*
  • Trump Entertainment - Beal Bank as holder of US$500 million of first-lien debt in Trump Entertainment’s chapter 11 proceedings*
  • Essar Steel - Deutsche Bank as agent and lender under a C$220 million DIP facility and C$100 million prepetition ABL facility in connection with Essar Steel Algoma’s US and Canadian bankruptcy proceedings*
  • Erickson Air-Crane - Deutsche Bank in connection with the US$190 million DIP facility*
  • Capmark Finance Group - Stalking horse bidder in Capmark’s §363 sale of its Japanese CMBS servicing business*

*Matter handled prior to joining Latham 

Bar Qualification

  • New York
  • North Carolina

Education

  • JD, Syracuse University College of Law
  • MA in Economics, Maxwell School of Public Affairs, Syracuse University
  • BA, University of Wisconsin-Madison