James Scavone

James' experience includes:

• Trinseo PLC, an Irish-incorporated specialty material solutions provider, in its restructuring of approximately US$2.0 billion of funded debt, eliminating approximately US$140 million in annual interest expense, and strengthening its balance sheet supported by approximately US$183 million in new financing and US$450 million of new equity financing
• Representing holders of US$2.4 billion of convertible notes issued by Wolfspeed, Inc. (NYSE: WOLF), a global leader in silicon carbide technology, in connection with its confirmed prepackaged chapter 11 plan of reorganization. This transaction involves approximately US$6.7 billion of debt and includes a restructuring support agreement entered into with the company’s key stakeholders. Convertible noteholders will take majority ownership of the equity and have backstopped new capital in the form of US$275 million new second lien convertible notes*
• Altice France, a leading telecommunications provider, in its chapter 15 proceedings to seek recognition in the United States of its historic French restructuring involving more than €20 billion of debt*
• Cutera, Inc., a leading provider of aesthetic and dermatology solutions for practitioners worldwide, in prepackaged chapter 11 cases to reduce the company’s debt by nearly US$400 million, or over 90%, and raise US$65 million in new money from existing lenders*
• An ad hoc group of bondholders of Exela Technologies, a global business process automation company, in connection with its chapter 11 cases, captioned In re DocuData Solutions, Inc. in the United States 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*
• Aimbridge Hospitality in connection with a comprehensive out-of-court restructuring supported by 100% of the company’s lenders that successfully converted more than US$1 billion of senior and junior debt into equity and infused the company with US$100 million in new capital. Aimbridge is the leading third-party hotel management company, managing over 1,000 hotels globally and employing approximately 47,000 individuals*

*Matter handled prior to joining Latham