Candace M. Arthur

Candace’s broad experience includes representing:

Debtor/Company-Side Representation

• CareerBuilder + Monster, a global talent marketplace and workforce solutions leader, in its court-supervised sale process and voluntary chapter 11 cases
• Government Services pursuant to stalking horse asset purchase agreements with JobGet Inc., Valnet Inc., and Valsoft Corporation
• Beyond Meat, one of the fastest-growing food companies in the United States, in an out-of-court distressed exchange offer, eliminating more than US$800 million of funded debt
• A major studio management and equipment provider company in effectuating operational turnaround and an out-of-court distressed exchange offer, eliminating more than US$1 billion of funded debt
• A behavioral health company in its out-of-court balance sheet restructuring for more than $300 million of funded debt
• Medical Faculty Associates, a physician platform, in its sale of its clinical operations and wind-down 
• Steward Health Care System, the largest private, physician-owned for-profit healthcare network in the US, with over US$8 billion in debt obligations (US$7 billion of which is in long-term lease commitments), in its chapter 11 cases*
• AMC Entertainment Holdings, the largest movie exhibition company in the world, in its series of successful out-of-court restructurings, including various capital raising efforts that yielded over US$1.5 billion in cash and other liquidity improvements and reduced AMC’s debt load by more than US$550 million*
• Western Global Airlines, a contracted air cargo transportation and logistics services company, with an aggregate principal amount of US$515 million in funded debt, in its chapter 11 cases*
• A leading independent entertainment company in connection with restructuring over US$700 million in funded debt through a consensual out-of-court recapitalization transaction*
• Emergent BioSolutions, Inc., a multinational specialty biopharmaceutical company, in the refinancing of its debt and closing of a new credit facility agreement with Oak Hill Advisors*
• Kabbage d/b/a KServicing, an online loan service provider for over US$7 billion of loans issued to small businesses under the Paycheck Protection Program, in its chapter 11 cases*
• J.Crew Group, an American multi-brand fashion retailer, in both its cutting-edge out-of-court workout involving intellectual property and subsequent pre-arranged chapter 11 cases restructuring about US$2 billion in funded debt*
• Insys Therapeutics, a specialty pharmaceutical company facing hundreds of lawsuits related to the opioid crisis, in its chapter 11 cases (Insys was the first opioid manufacturer to file for chapter 11)*
• Sears Holdings, one of the largest retailers in the world with more than 68,000 employees and about US$6 billion in debt, in its chapter 11 cases*
• Odeon, Europe’s largest cinema operator and part of the AMC Entertainment Group, with implementing a capital solution involving refinancing its European business*
• Southeastern Grocers, the fifth-largest US supermarket chain with more than 40,000 employees and US$1 billion in debt, in its prepackaged chapter 11 cases*
• J.Crew Group, an American multi-brand fashion retailer, in its out-of-court restructuring efforts, resulting in about 80% of the common stock to be held by the existing equity sponsor while conducting an out-of-court exchange for more than the US$500 million of holding company debt*
• Breitburn Energy Partners, an independent oil and gas limited partnership with more than US$3 billion in funded debt obligations, in its chapter 11 cases*
• The Great Atlantic & Pacific Tea Company (A&P), with more than 28,500 employees across the northeastern US under numerous retail banners and US$1.6 billion in assets and US$2.3 billion in debt, in its chapter 11 cases involving a global sale process of more than 120 stores*
• Southern Air Holdings, a cargo airline, in its prearranged chapter 11 cases to restructure about US$295 million in secured debt*
• Lehman Brothers Holdings, the fourth-largest investment bank in the world, and its affiliates, in filing and prosecuting the largest chapter 11 cases in history*

Creditor, Acquiror, Secured and Unsecured Lender, and Sponsor Representation 

• A majority debt holder in its out-of-court acquisition of a plant-based company
• Affiliates of CD&R in connection with their recapitalization and new money investment in the restructuring of Multi-Color Corporation’s approximately US$5.9 billion of funded debt
• The lead arrangers and lenders in connection with providing the approximately US$2.5 billion exit facility in the chapter 11 cases of The Hertz Corporation, a global vehicle renting and leasing business with about 12,000 corporate and franchisee locations in the US, Africa, Asia, Australia, Canada, the Caribbean, Europe, Latin America, the Middle East, and New Zealand*
• Citibank, N.A., as administrative agent under the DIP credit facility, in the chapter 11 cases of Garrett Motion, a Switzerland-based designer, manufacturer, and seller of turbocharger and electric-boosting technologies and automotive software solutions for light and commercial vehicle original equipment manufacturers worldwide, and its affiliates*
• HPS Investment Partners, as DIP agent and DIP lender, first lien agent and secured lender, and second lien secured noteholder, in the chapter 11 cases of Emerge Energy Services, a major energy service provider that engages in the mining, production, and distribution of silica sand proppant for the oil and gas fracturing industry, and its affiliates*
• Uniti Group, a digital infrastructure and communications provider that owns and operates fiber-optic networks across the US, in connection with representing an ad hoc committee of first lien lenders in amending the term loan agreement and chapter 11 case of Uniti master lease counterparty, Windstream Holding*

*Matter handled prior to joining Latham