Angeline J. Hwang

Angeline’s experience includes representing:

Debtor/Company-Side Experience

• 8th Avenue & Food Provisions, Inc., a leading provider of private label food products, in its acquisition by Post Holdings, Inc. in a transaction that fully satisfied approximately US$815 million of 8th Avenue’s funded debt obligations*
• LL Flooring (f/k/a Lumber Liquidators) and its affiliated debtors in their chapter 11 cases, which resulted in the sale of substantially all their assets*
• Endo Pharmaceuticals plc and certain of its affiliated debtors in their chapter 11 cases, which involved the restructuring of over $8 billion of debt and resolution of other litigation-related claims against the companies*
• MediaMath Holdings Inc. and its affiliates, a leading provider of digital media trading technology and services, in connection with a comprehensive, out-of-court recapitalization transaction through which certain existing shareholders and financial stakeholders committed to invest up to US$150 million through a mix of new capital and a refinancing of existing debt*
• NPC International, Inc. and its debtor affiliates, America’s largest franchisee company with over 1,600 restaurants across two iconic brands — Pizza Hut and Wendy’s — and more than 35,000 employees, in their chapter 11 cases involving over US$900 million of funded debt. In 2022, the Turnaround Management Association (Chicago / Midwest) recognized the successful restructuring of NPC International with its “Large Company Transaction of the Year Award”*
• Chisholm Oil and Gas Operating, LLC and its affiliated debtors, an exploration and production company focused on acquiring, developing, and producing oil and natural gas assets in the Anadarko Basin in Oklahoma, in their chapter 11 cases*
• Ditech Holding Corporation, one of the nation’s largest mortgage servicers, and certain of its affiliated debtors in their pre-arranged chapter 11 cases; Ditech and its subsidiaries had about US$15 billion to US$17 billion in debt and mortgage-related liabilities, including residential mortgage securities funding obligations and filed a restructuring support agreement (RSA) backed by holders of more than 75% of its first lien term loan debt, providing for a dual-track restructuring strategy that allows the debtors to evaluate various strategic alternatives with a backstopped emergence plan as they continue to serve customers*
• Claire’s Inc., one of the nation’s largest retailers with more than 4,000 owned and franchised locations globally, in its prearranged restructuring efforts related to more than US$2 billion in funded debt*
• Sears Holdings Corporation and its affiliated debtors, one of the largest retailers in the world, in their chapter 11 cases — one of the largest retail chapter 11 cases in history. At the time of commencing these cases, Sears had more than 68,000 employees and approximately US$6 billion in debt*
• Walter Investment Management, the fifth-largest mortgage servicer in the US, in its prepackaged restructuring efforts related to more than US$2 billion in funded parent-level debt and more than US$13 billion in other funded debt obligations, which allowed this highly regulated enterprise to avoid filing its operating companies for chapter 11 while simultaneously discharging the operating companies’ guarantees of funded debt at the holding company; the restructuring plan also provided a recovery of 50% of the recognized company’s common stock to existing shareholders while reducing the company’s funded debt by more than US$600 million*

Creditor/Other Party Experience

• Bank of America as agent under a US$125 million asset-based DIP financing facility in the chapter 11 cases of Instant Brands and its affiliated debtors*
• An ad hoc group of secured lenders to Nordic Aviation Capital, the world’s largest regional aircraft lessor, on bespoke restructuring transactions for multiple aviation financing structures implemented under pre-arranged US chapter 11 proceedings, including a consensual remarketing and mortgage enforcement for certain financing arrangements*
• Equity sponsors and lenders Blackstone and Carlyle in the out-of-court recapitalization of Service King*

*Matter handled prior to joining Latham