George Klidonas assists privately and publicly held companies, creditors, distressed investors, and public and private equity holders in navigating complex issues in the context of financially troubled situations, with a particular focus on corporate restructurings, liquidity and liability management, recapitalizations, in- and out-of-court restructurings, and special situations.  He also advises boards of directors, board committees, and senior management of financially-troubled companies on a range of issues, including fiduciary duties and corporate governance.

Mr. Klidonas brings broad industry experience spanning the aerospace, automotive, commodities, e-commerce, energy, power, healthcare, hospitality, media, real estate, retail, oil and gas, securities, shipping, technology, and telecommunications sectors. He also regularly represents clients in multijurisdictional and cross-border matters.

He also dedicates his time to pro bono projects such as the Consumer Bankruptcy Project, an organization that provides New York City individuals struggling with consumer debt with assistance in filing for bankruptcy relief. He also works with the New York City Department of Small Business Solutions to assist motivated, lower-income entrepreneurs to help them address some of the typical legal issues that they may face in starting, operating, and expanding their businesses.

Mr. Klidonas previously worked on secondment at Kohlberg Kravis Roberts in the Special Situations Group. In this role, he advised the investment team on existing portfolio investments as well as new investments. He also supported the KKR team with distressed investments / transactions and new investment opportunities, including rescue financing, debtor-in-possession and exit financing, recapitalizations, equity investments, distressed trades, and other opportunistic investments.

Earlier in his career, Mr. Klidonas served as a judicial intern to Judge Allan L. Gropper (Ret.), United States Bankruptcy Court for the Southern District of New York.

Accolades

  • 40 Under 40
    Global Restructuring Review 2022
  • Outstanding Young Restructuring Lawyer
    Turnarounds & Workouts 2021
  • One of the top nominees to participate in the 2012 Next Generation Program at the National Conference of Bankruptcy Judges

Mr. Klidonas’ company representations have included:

  • Lumileds Holding B.V. and its affiliates in their chapter 11 cases in the US Bankruptcy Court for the Southern District of New York and restructuring more than US$1.7 billion of their funded debt
  • Superior Energy Services, Inc. and its affiliates in their chapter 11 cases in the US Bankruptcy Court for the Southern District of Texas and restructuring more than US$1.3 billion of their funded debt
  • Mallinckrodt plc and its affiliates, a major specialty pharmaceutical company, in their chapter 11 cases in the US Bankruptcy Court for the District of Delaware and restructuring more than US$5.3 billion of their funded debt, as well as opioid-related liabilities
  • Lonestar Resources US Inc. and its affiliates in their chapter 11 cases in the US Bankruptcy Court for the Southern District of Texas and restructuring more than US$535 million of their funded debt
  • APC Automotive Technologies Intermediate Holdings and its affiliates in their chapter 11 cases in the US Bankruptcy Court for the District of Delaware and restructuring more than US$430 million of their funded debt*
  • One Call Corporation in its successful out-of-court US$1 billion equitization of junior debt and US$375 million recapitalization by existing lenders, KKR, and GSO Capital Partners*
  • Sungard AS Capital and its affiliates in their “24-hour prepackaged” chapter 11 cases in the US Bankruptcy Court for the Southern District of New York, and restructuring more than US$1.26 billion of their funded debt, in the fastest chapter 11 case in history*
  • Windstream Holdings and its debtor subsidiaries in their chapter 11 restructuring in the US Bankruptcy Court for the Southern District of New York and restructuring more than US$5.6 billion of their funded debt*
  • FullBeauty Brands Holdings and its affiliates in their “24-hour prepackaged” chapter 11 cases in the US Bankruptcy Court for the Southern District of New York and restructuring more than US$1.2 billion of their funded debt*
  • Cenveo and its domestic subsidiaries in their prearranged chapter 11 cases in the US Bankruptcy Court for the Southern District of New York and restructuring more than US$1 billion of their funded debt*
  • rue21 and certain of its affiliates in their chapter 11 restructuring in the US Bankruptcy Court for the Western District of Pennsylvania and restructuring more than US$800 million of their funded debt*
  • Avaya and certain of its affiliates in their chapter 11 cases in the US Bankruptcy Court for the Southern District of New York and restructuring more than US$6 billion of their funded debt; Turnaround Management Association recognized the successful restructuring of Avaya with its Mega Company Transaction of the Year Award*
  • Sabine Oil & Gas and its subsidiaries in their chapter 11 cases in the US Bankruptcy Court for the Southern District of New York; Turnaround Management Association recognized the successful restructuring of Sabine Oil & Gas Corporation with its Large Company Transaction of the Year Award*
  • Samson Resources in its chapter 11 cases in the US Bankruptcy Court for the District Delaware and restructuring more than US$4 billion of their funded debt*

Mr. Klidonas also handles transactions and restructurings on behalf of sponsors and investors, including:

  • Searchlight Capital Partners in connection with the US$150 million recapitalization and refinancing of MediaMath and its affiliated entities
  • The Carlyle Group in connection with the refinancing and recapitalization of Array Canada, Inc. and its affiliated entities
  • Property Solutions Acquisition Corp. SPAC in its merger with Faraday Future to create a combined company with a value in excess of US$3.3 billion
  • The senior creditors committee in relation to the rescue financing and subsequent €2.4 billion debt and equity restructuring of Swissport, a global aviation services business headquartered in Switzerland
  • The private equity sponsors and Sable Permian Resources in the successful completion of American Energy Permian Basin’s US$2.1 billion out-of-court recapitalization*
  • The private equity / creditor investment fund in connection with a term loan facility and debtor-in-possession financing facility in the chapter 11 cases of Furie Operating Alaska, Cornucopia Oil & Gas Company, and Corsair Oil & Gas*
  • A private equity investment firm in providing US$386 million of debtor-in-possession financing to Performance Sports Group and purchasing substantially all of its assets in a 363 sale for US$575 million, which included the following brands: Bauer Hockey, Mission Roller Hockey, Maverik Lacrosse, Cascade Helmets, Combat, and Easton*

*Matter handled prior to joining Latham

Speaking Engagements

Mr. Klidonas regularly speaks on legal and financial topics for leading organizations, including CNBC, the Turnaround Management Association, Wharton Restructuring and Distressed Investing Conference, and the American Bankruptcy Institute. He also regularly speaks at the Benjamin N. Cardozo School of Law.

  • "Running on Empty: Automotive Suppliers Facing an Array of Challenges," Wharton Restructuring and Distressed Investing Conference (Speaker, February 2022)
  • “The Continued Impact of COVID-19 on the Distressed Real Estate Market,” American Bankruptcy Institute, Spring Meeting (April 21,2021)
  • “How Investors Can Capitalize on Renewed Interest in Reddit-Driven Stocks,” CNBC Squawk Box (March 1, 2021)
  • “TMA Connect Live: Disruption - Is the Game Stop Game Just Getting Started?” Turnaround Management Association, Distressed Investment Conference (Speaker, February 2021)
  • “Around the Creditor Battlefield,” Turnaround Management Association, Distressed Investment Conference (Moderator, February 2021)
  • “Tips from the Titans,” Turnaround Management Association’s NextGen Leadership Experience (Speaker, October 2020)
  • “Distressed Hedge Funds,” Wharton Restructuring and Distressed Investing Conference (Speaker and Moderator, February 2020)
  • “Disruption: An Economic Driver for Restructurings,” Wharton Restructuring and Distressed Investing Conference (Speaker, February 2020)
  • “Lien Stripping in Chapter 11 Bankruptcy Cases: Lessons for Secured Creditors,“ Stafford (Speaker, January 2016)
  • “Almost Everything You Wanted to Know About Tax Issues in Bankruptcy,“ National Conference of Bankruptcy Judges (Speaker, September 2015)
  • International Mergers & Acquisitions, Fordham University School of Law (Visiting Professor, Fall 2012)

Bar Qualification

  • New York

Education

  • LLM, St. John's University School of Law, 2010
  • JD, Benjamin N. Cardozo School of Law, Yeshiva University, 2007
  • BS in Business Administration, Fordham University, Gabelli School of Business, 2004

Languages Spoken

  • English
  • Greek