Natasha Hwangpo

Natasha’s experience includes advising:

• A fully integrated developer and independent power producer of distributed renewable energy assets, with approximately US$800 million in funded debt, sale leasebacks, and other financing obligations, in connection with its strategic review process
• FAT Brands Inc., Twin Hospitality Group Inc., and 184 debtor subsidiaries (collectively, FAT Brands), a leading global franchising company and owner of 18 restaurant brands, including Johnny Rockets, Fazoli'’s, and Twin Peaks, in connection with the confirmation of their chapter 11 liquidating plan following an expedited Section 363 sale process that resulted in four separate asset sales of substantially all of the debtors’ assets, eliminating close to US$1 billion in debt across five securitization silos
• 8th Avenue Food & Provisions, a leading provider of private label food products, on acquiring Post Holdings in a transaction that fully satisfied approximately US$815 million of 8th Avenue’s funded debt obligations*
• Cutera, a global aesthetics device company, on prepackaged chapter 11 cases to reduce the company’s debt by nearly US$400 million and raise US$65 million in new money from existing lenders*
• Hearthside Foods and its affiliated debtors on prearranged chapter 11 cases involving approximately US$3 billion of funded debt; the company successfully emerged from chapter 11, 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”*
• The largest equity holder and junior DIP Lender to Yellow Corporation and its affiliates, historically one of the largest less-than-truckload shipping providers in the United States, in Yellow Corporation’s chapter 11 cases to address approximately US$1.2 billion of funded debt obligations, multi-employer pension liabilities, liquidating sale transactions, and wind-down of all operations*
• ATI Physical Therapy, a nationally recognized outpatient physical therapy provider with over 900 clinics across 24 states, in connection with a transaction to increase the company’s liquidity and financial flexibility, by among other things, obtaining US$25 million second-lien PIK exchangeable notes and exchanging US$100 million of first-lien term loan into new second-lien PIK exchangeable notes*
• Kabbage and its debtor-affiliates, an online loan service provider, for over US$7 billion of loans issued to small businesses under the Paycheck Protection Program, in their chapter 11 cases*
• Regis Corporation, a leader in the haircare industry and franchisor of major salon brands, including Supercuts, in connection with the refinancing and conversion of its existing revolving credit facility to a US$180 million term loan and US$55 million revolving credit facility*
• VIVUS, a specialty pharmaceutical company with three approved therapies and one product candidate in clinical development, and its debtor-affiliates, in their chapter 11 restructuring addressing more than US$230 million of funded debt. VIVUS’ restructuring involved, among other things, an innovative go-forward royalty structure between the reorganized company and pre-reorganization shareholders to address the highly speculative nature of value inherent to developmental drugs*
• 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”*
• Doncasters Group, a leading international manufacturer of high-precision components for aero engines, industrial gas turbines, and other specialist high-performance applications, in its restructuring of US$1.6 billion of funded debt through an English scheme of arrangement and an ancillary chapter 15 proceeding (Dundee Pikco Limited) in the United States*
• Fusion Connect and its domestic subsidiaries, a telecommunications services provider, in their chapter 11 cases with liabilities in excess of US$650 million*
• 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*
• The NORDAM Group, a leading aerospace manufacturing and repair company, in their chapter 11 cases*
• Cenveo, Inc., a leading global provider of print and related resources headquartered in Stamford, Connecticut with a worldwide distribution platform in their chapter 11 cases*
• Avaya Inc. and certain of its affiliates, a leading multinational technology company that specializes in telephony, wireless data communications, customer relationship management software, and networking, in their chapter 11 cases. Avaya and its debtor-affiliates had over US$6 billion in funded debt obligations as of the commencement of their chapter 11 cases, with annual revenues in excess of US$3 billion. Avaya’s restructuring was recognized as the 2018 Transaction of the Year (Mega Company) by the Turnaround Management Association*
• Energy Future Holdings and 70 of its affiliates, the largest generator, distributor, and certified retail provider of electricity in Texas — the product of the largest buy-out in history — with over US$49 billion in liabilities and US$36 billion in assets. EFH’s chapter 11 case is the largest operating chapter 11 case ever filed in Delaware and the seventh-largest chapter 11 case filed in history*
• Equity sponsor to American Tire Distributors, one of the largest independent suppliers of replacement tires, with approximately US$2.6 billion in funded debt. Existing equity holders received 5% of the new equity, plus warrants for additional equity*

*Matter handled prior to joining Latham