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

Mr. Ambruoso handles complex 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 retail and consumer products, energy, gaming and hospitality, pharmaceuticals, steel, and aviation.

Upon graduating law school, Mr. Ambruoso served as law clerk to the Honorable John C. Ninfo, II, Chief Judge, 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 representing:

  • Pemberton Funds, as plan sponsors, lenders and new money investors, in the pre-packaged chapter 11 case of Output Services Group, Inc.
  • Citibank, as agent and lender, in connection with the chapter 11 case of Revlon, Inc.
  • Morgan Stanley as prepetition 1L agent in Riverbed Technology’s prepackaged plan of reorganization
  • GNC Holdings in its chapter 11 proceedings
  • Global Eagle Entertainment in its chapter 11 proceedings
  • Orion Energy, as prepetition term lender and DIP lender, in the CarbonLite’s chapter 11 bankruptcy case
  • 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 the chapter 11 proceedings of Bi-Lo (Southeastern Grocers)*
  • Deutsche Bank as lead arranger in connection with a US$4.25 billion DIP/“roll-to- exit” credit facility for TCEH*
  • Ad Hoc Group of LightSquared secured lenders in connection with the successful restructuring of a US$1.7 billion prepetition secured term loan facility pursuant to a confirmed plan of reorganization and a US$700 million DIP facility*
  • Ad Hoc Group of Visteon bondholders in connection with confirmation of “toggle” plan of reorganization, US$1.25 billion equity rights offering, and US$700 million exit facility*
  • Deutsche Bank's Distressed Products Group as a plan sponsor and investor in K-V Pharmaceuticals' successful restructuring of US$570 million in prepetition secured debt under a confirmed plan of reorganization with a US$275 million equity rights offering and a US$100 million exit facility*
  • 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*
  • Beal Bank, as holder of US$500 million of first-lien debt in the chapter 11 proceedings of Trump Entertainment*
  • 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*
  • Deutsche Bank in connection with the US$190 million DIP facility for Erickson Air-Crane*
  • Stalking horse bidder in Capmark Finance Group’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