Ryan Preston Dahl

Ryan’s experience includes advising:

Company-Side Representations

• Altice France, a leading telecommunications provider, on its first-in-kind restructuring involving more than €20 billion of debt*
• 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*
• Hooters of America, LLC, an iconic casual dining and sports entertainment chain, and its affiliated debtors in their 11 cases involving the restructuring of approximately US$380 million of funded debt. Hooters’ chapter 11 cases are the first whole business securitization filings of their kind and are supported by US$40 million of debtor-in-possession financing and a Restructuring Support Agreement with near unanimous support from its key stakeholders*
• Thrive Pet Healthcare, a leading owner and operator of a national network of veterinary hospitals, in the successful completion of a transaction that will provide more than US$350 million of enhanced liquidity and extend the maturities of more than US$1.7 billion of existing debt obligations*
• 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*
• 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*
• 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, extending maturities by three years, and capturing approximately US$56.925 million in discount*
• 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*
• SEKO Logistics, a global end-to-end logistics partner with nearly 50 years of logistics expertise and 150 offices in more than 60 countries, in its 2024 comprehensive out-of-court recapitalization, which was supported across SEKO’s capital structure by its key stakeholders and included significant new money investment*
• Empire Today, a flooring company, in a liability management and financing transaction that received the support of more than 99% of the company’s lenders and enabled the company to obtain significant incremental liquidity and extend its existing debt maturities*
• 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, holding approximately US$600 million of liquidity*
• Exactech, Inc. and its affiliated debtors in their chapter 11 cases involving the restructuring of more than US$350 million of prepetition debt, as well as additional prepetition liabilities*
• 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*
• AccentCare in an uptier debt exchange that resulted in near-unanimous lender participation, raised US$175 million of new money capital, and extended the maturity of its existing US$1.3 billion of debt by two years*
• Trinseo Materials Operating SCA, and certain of its affiliates, in connection with a US$1.1 billion innovative financing transaction addressing the company’s 2024 senior secured term loans and US$385 million of its 2025 unsecured bonds. Funds managed and advised by Oaktree, Angelo Gordon, and Apollo provided the financing*
• Juice Plus+ in the negotiation and consummation of an out-of-court restructuring transaction with the unanimous participation of the company’s lenders that reduced the company’s funded debt and preferred equity obligations by over US$300 million and extended the company’s remaining debt maturities to 2027*
• Tecomet, Inc., together with certain of its affiliates, in the refinancing of its approximately US$1 billion capital structure, including through the provision of a new revolving credit facility and privately placed first-lien term loan*
• iMedia Brands, Inc. and its affiliated debtors in their chapter 11 cases, which involved the restructuring of approximately US$300 million of obligations*
• Rodan & Fields in the development, negotiation, and consummation of a cutting-edge uptier debt exchange that ultimately resulted in near-unanimous lender participation and reduced the company’s debt burden by over US$100 million, raised US$30 million of new money capital, and extended the maturity of its existing loans by two years*
• FB Debt Financing Guarantor, LLC and certain of its subsidiaries, 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 Section 363 sale transaction for substantially all assets, and resolve numerous complex licensing and potential litigation issues*
• Revlon, Inc.’s BrandCo Debtors, 13 entities holding IP related to many of Revlon’s famous brands such as Elizabeth Arden, American Crew, Almay, Curve, and White Shoulders, in their chapter 11 cases in connection with the delegated authority of Mr. Steven Panagos as Restructuring Officer of the BrandCo Debtors*
• Invo Healthcare, the leading provider of behavior, mental health, and therapy services in the United States, in its out-of-court restructuring of US$235 million of funded indebtedness*
• PetroChoice, the nation’s leading distributor and manufacturer of value-added lubricant solutions, in connection with its successful sale to a strategic acquirer for approximately US$500 million*
• PlayMonster LLC, a market-leading international toy and game company, in connection with its investment transactions with Adams Street Partners and HIG Capital*
• CEC Entertainment, Inc. and its debtor-affiliates, an American franchisee company with iconic brands Chuck E. Cheese and Peter Piper Pizza with locations across 47 states and 16 foreign countries and territories, in their chapter 11 cases*
• 24 Hour Fitness Worldwide Inc. and its debtor-affiliates in their chapter 11 cases involving approximately US$1.4 billion of funded debt*
• Serta Simmons Bedding, LLC, one of the largest manufacturers and distributors of mattresses in North America, in its new-money priority term loan and exchange transaction, which included US$200 million of new capital and the exchange of approximately US$1 billion in first-lien debt and US$300 million in second-lien debt, and reduced debt held by participating lenders by over US$400 million*
• J.Crew Group, Inc. and its debtor-affiliates, one of the nation’s premier clothing retailers with approximately US$2 billion in funded debt and 13,000 employees, in their pre-arranged chapter 11 cases*
• Maines Paper & Foodservice Inc. and certain of its affiliates, one of the leading foodservice and broadline distributors in the United States with in excess of US$1 billion in annual revenues, in the sale of substantially all its assets to an affiliate of Lineage Logistics*
• 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*
• Blackboard Inc. and certain of its affiliates in connection with its successful refinancing of approximately US$750 million of funded debt*
• Syncreon Group Holdings B.V., and its affiliates, in its groundbreaking, cross-border balance sheet restructuring involving approximately US$1.1 billion of funded debt, including the chapter 15 case of syncreon Automotive (UK) Ltd. Syncreon’s restructuring was completed through an English scheme of arrangement pursuant to the Companies Act 2006 and further involved ancillary processes in the United States and Canada. Syncreon’s restructuring was recognized as the 2020 International Company Transaction of the Year by the Turnaround Management Association*
• The NORDAM Group, Inc., a leading aerospace manufacturing and repair company, in the first-ever “postpackaged” chapter 11 cases*
• Claire’s Inc., one of the nation’s largest retailers with more than 4,000 owned and franchised locations globally, in its prearranged restructuring efforts related to more than US$2 billion in funded debt*
• Avaya Inc. and certain of its affiliates in their chapter 11 cases. Avaya and its debtor-affiliates had more than 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*
• Horsehead Holding Corp. (n/k/a American Zinc Recycling), a US producer of specialty zinc and zinc-based products and a leading recycler of metals-bearing waste, in its chapter 11 restructuring*
• Caesars Entertainment Operating Co. Inc., a majority-owned subsidiary of Caesars Entertainment Corporation, in its chapter 11 restructuring. CEOC and its debtor subsidiaries had more than US$18.4 billion in funded debt obligations as of the commencement of their chapter 11 cases*
• Longview Power, LLC and certain of its affiliates, including Mepco Holdings, LLC and its affiliates, in connection with their chapter 11 cases involving the restructuring of approximately US$1 billion in funded debt*
• FA Liquidating Corp. (f/k/a Fisker Automotive) in their chapter 11 cases and in their successful sale of substantially all their assets to an affiliate of Wanxiang America Corp*
• The chapter 11 trustee appointed in the chapter 11 cases of Qualteq, Inc. and its affiliated chapter 11 debtors*
• The Great Atlantic & Pacific Tea Company (A&P) and its direct and indirect subsidiaries in their chapter 11 reorganization, which was completed in March 2012. A&P listed US$2.5 billion in assets and US$3.2 billion in debt as of the commencement of the cases*
• Neff Corp., one of the leading equipment rental companies in the United States, in its prearranged chapter 11 restructuring involving approximately US$600 million in indebtedness*
• GGPLP LLC and certain of its affiliates in their chapter 11 reorganization. GGP and its consolidated affiliates reported approximately US$29.6 billion in total assets and US$27.3 billion in total liabilities as of their chapter 11 filings*
• Source Interlink, one of the leading publishers and wholesalers of magazines and home entertainment products in North America, in its prearranged chapter 11 cases, successfully restructuring approximately US$1.6 billion in liabilities in approximately 30 days*
• Hines Horticulture, Inc., one of the largest commercial nursery operations in North America, and its wholly-owned subsidiary in their chapter 11 cases*
• SIRVA, Inc. and a number of its domestic subsidiaries and affiliated entities in their prepackaged chapter 11 cases*
• Movie Gallery, the second-largest North American home entertainment specialty retailer, in its prearranged restructuring of obligations totaling approximately US$1.4 billion*

Creditor-Side Representations

• An ad hoc group of lenders on gaming operator Maverick Gaming’s restructuring, with certain lenders executing a transaction support agreement and providing an initial US$7.5 million DIP facility*
• An ad hoc group of lenders holding US$2.1 billion in convertible notes from semiconductor developer Wolfspeed on the company’s proposed prepackaged chapter 11 reorganization; the transaction involved approximately US$6.7 billion of debt and a restructuring support agreement with Wolfspeed’s key stakeholders*
• Bain Capital Credit in connection with a US$275 million holdco financing and related investment to support Mohegan Gaming & Entertainment’s US$1.55 billion Phase 1 development of the INSPIRE Entertainment Resort in South Korea*
• 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 involve the restructuring of US$1.3 billion of funded debt and the ad hoc group is providing a new money DIP facility of up to US$80 million*
• An ad hoc group of first-lien lenders of American Rock Salt, the largest operating salt mine in the United States, in connection with a US$100 million super-priority first-out term loan facility*
• An ad hoc group of second-lien lenders of Petmate, a supplier and manufacturer of pet products, in connection with its out-of-court restructuring of approximately US$600 million of funded debt*
• An ad hoc group of second-lien term loan lenders to a specialty textile manufacturing company in connection with the company’s restructuring of over US$850 million in funded indebtedness. As part of the restructuring, second-lien term loan lenders received a significant primary equity stake, warrants, and the opportunity to participate in funding the exit term loan*
• An ad hoc group of second-lien lenders of Yak Access, LLC, a provider of temporary roadways to remote construction sites, in connection with its out-of-court recapitalization and exchange transaction, which eliminated over US$500 million of debt. As part of the recapitalization, holders of second-lien term loans received a significant primary equity stake as well as various series of preferred stock in the recapitalized Yak*
• 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 addressing approximately US$1.2 billion of funded debt obligations, multi-employer pension liabilities, liquidating sale transactions, and wind-down of all operations*
• An ad hoc group of senior secured noteholders and convertible noteholders of Quotient Limited, a publicly listed, European-based diagnostics company, with respect to, among other things, its chapter 11 cases involving more than US$250 million of secured and unsecured debt*
• 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*
• An ad hoc group of first- and second-lien lenders of CHC Group LLC, the global rotary wing aviation services provider, with respect to, among other things, approximately US$100 million of new-money financing and an out-of-court exchange involving up to approximately US$500 million of existing first- and second-lien debt*
• 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*
• An ad hoc group of bondholders of ION Geophysical Corp., in connection with an out-of-court exchange of second-lien notes*
• An ad hoc group of senior creditors of Caribbean mobile operator Digicel in the restructuring of Digicel’s US$7 billion of debt*
• An ad hoc group of first-lien creditors of Jason Industries, the North American industrials company, in connection with the restructuring of its US$400 million of secured debt*
• A major creditor of EuropaCorp S.A. in conjunction with its reorganization; EuropaCorp completed a procédure de sauvegarde and has also commenced ancillary chapter 15 proceedings with respect to the restructuring of in excess of US$300 million of obligations*
• An ad hoc group of first-lien creditors in the prearranged chapter 11 cases of Altegrity, Inc. and certain of its subsidiaries and affiliates, involving the restructuring of approximately US$1.8 billion in funded debt*

Additional Representations

• Amici curiae law professors in connection with their submission to the Second Circuit Court of Appeals in the Purdue Pharma chapter 11 cases*
• Investigation Subcommittee of the Board of Directors of Enjoy Technology, Inc. in connection with its investigation and analysis of estate causes of action as part of Enjoy Technology’s chapter 11 cases, which included the sale of substantially all of Enjoy Technology’s assets for a headline purchase price of US$110 million and resulted in a fully consensual chapter 11 plan of liquidation*
• Independent Director of Basic Energy Services, Inc. in connection with that director’s investigation and analysis of estate causes of action as part of Basic’s ongoing chapter 11 cases, which involve more than US$400 million of funded debt*
• Certain affiliates of TPG Inc. in the chapter 11 cases of Independent Pet Partners and certain of its affiliates, a pet products retailer, which filed for chapter 11 with a stalking horse bid to address its US$111.4 million of funded indebtedness*
• The Special Committee of the Board of Managers of Revstone Industries, LLC, et al. in connection with their restructuring*
• Vine Alternative Investments in conjunction with its acquisition of a controlling interest in Village Roadshow Entertainment Group, a global entertainment company*

*Matter handled prior to joining Latham