Eric M. Sherman

Eric’s experience includes advising:

• Aimbridge Hospitality in connection with a comprehensive out-of-court restructuring supported by 100% of the company’s lenders that converted more than US$1 billion of senior and junior debt into equity and infused the company with US$100 million in new capital*
• An ad hoc group of bondholders of Exela Technologies, a global business process automation company, in connection with its chapter 11 cases in the US Bankruptcy Court for the Southern District of Texas. These proceedings involved the restructuring of US$1.3 billion of funded debt, and the ad hoc group provided a new money DIP facility of up to US$80 million*
• Trinseo PLC and its subsidiaries in connection with a pari-plus transaction involving approximately US$2.2 billion in funded debt, US$300 million in new capital, an extension of maturities by three years, and approximately US$56.925 million in discount capture*
• Hearthside Foods and its affiliated debtors on prearranged chapter 11 cases involving approximately US$3 billion of funded debt, in which the company successfully emerged from chapter 11 and rebranded as Maker’s Pride, with approximately US$600 million of liquidity. In 2025, the Turnaround Management Association (Chicago / Midwest) recognized the successful restructuring of Hearthside with its “Large Company Transaction of the Year Award”*
• Hardinge, a precision machining and tooling manufacturer, in connection with refinancing efforts and its ultimate chapter 11 cases to address over US$100 million in secured debt, facilitate two going-concern 363 sale transactions for substantially all assets, investigate claims and causes of action held by the estates, and negotiate and consummate a liquidating chapter 11 plan, including a global settlement embodied therein*
• A leading platform dental services organization in an out-of-court restructuring involving the deleveraging of its approximately US$900 million capital structure, including through an equitization of approximately US$300 million of senior secured obligations and the provision of a US$75 million new money term loan facility*
• RevitaLid Pharmaceutical Corp. and its debtor-affiliates, RVL Pharmaceuticals, Inc. and RVL Pharmacy, LLC, in their prepackaged chapter 11 cases, entered into with full support from the debtors’ lender and key stakeholders. The plan equitized approximately US$80 million of funded indebtedness, preserved 100% of existing jobs, and left general unsecured trade creditors unimpaired*
• A dental services organization in a liability management transaction with 100% lender participation, addressing US$1 billion of indebtedness by extending maturities, securing interest rate relief, raising US$175 million of new capital, and utilizing a first-of-its-kind Dutch auction implemented via a non-guarantor restricted subsidiary structure*
• FB Debt Financing Guarantor, LLC and certain of its subsidiaries (“Forma Brands”), a builder of top beauty brands including Morphe®, Morphe 2®, Jaclyn Cosmetics®, and Born Dreamer®, in their chapter 11 cases to address approximately US$870 million of funded indebtedness, facilitate a going-concern 363 sale transaction for substantially all assets, and resolve numerous complex licensing and potential litigation issues*
• An ad hoc group of first lien lenders of K&N Engineering, Inc., a leading consumer-branded designer, manufacturer, and marketer of high-performance automotive and power sports aftermarket parts, in a US$60 million new money financing in connection with its out-of-court restructuring of approximately US$415 million of funded indebtedness*
• Output Services Group, Inc. and certain of its affiliates in connection with its prepackaged chapter 11 cases. The plan of reorganization restructured approximately US$825 million of funded indebtedness through a consensual deleveraging of approximately US$134 million and a new money capital infusion of approximately US$70 million. In 2023, The M&A Advisor recognized the restructuring as the “Information Technology Deal of the Year”*
• Vewd Software AS and certain affiliates in connection with their prepackaged chapter 11 cases in the US Bankruptcy Court for the Southern District of New York, which exchanged over US$100 million of secured debt claims for 100% of the reorganized company’s equity and paid all unsecured creditors in full, with certain existing secured lenders receiving US$25 million of exit financing and up to US$20 million pursuant to a preferred stock issuance; recognized by M&A Advisor in 2023 as Cross-Border Restructuring of the Year (US$100mm to US$1B)*
• An ad hoc group of bondholders of Exela Technologies, Inc. with respect to, among other things, an out-of-court exchange involving approximately US$1.0 billion of first lien bond debt, and a subsequent exchange of US$1.3 billion of first lien bond debt*
• 24 Hour Fitness Worldwide Inc. and its debtor-affiliates in their chapter 11 cases involving approximately US$1.4 billion of funded debt*
• The Official Committee of Unsecured Creditors in Bouchard Transportation Co., Inc.’s chapter 11 cases*

*Matter handled prior to joining Latham