Clients claim that he has "been great, especially in the trenches: there was a lot of grabbing of collateral and he did a good job of settling everyone down and getting them towards the end goal."


Chambers USA 2015

Josef S. Athanas

Hong Kong | Chicago
  • 18th Floor, One Exchange Square
  • 8 Connaught Place, Central
  • Hong Kong
 
 

Joe Athanas is Office Managing Partner in the Hong Kong and Beijing offices of Latham & Watkins and a member of the Finance Department.

Mr. Athanas has more than 27 years of experience representing debtors, secured creditors, bondholders, and other parties in interest in international restructurings. He has deep expertise in a wide range of distressed situations, including cross-border restructurings, multinational insolvencies and workouts, and strategies for distressed investors to obtain control of troubled companies, as well as Chapter 11 proceedings. Mr. Athanas also has experience representing lenders in secured and unsecured lending transactions.

Mr. Athanas’ representative transactions include advising:

  • Ad-hoc committee of perpetual capital security holders of Noble Group Ltd. in connection with its proposed US$3.5 billion restructuring plan
  • Rolta India Ltd, a provider of IT solutions, in connection with the default of US$500 million of senior notes issued and potential restructuring of its group indebtedness
  • Stone Energy Corporation, an upstream oil and gas producer, in connection with its Chapter 11 bankruptcy proceedings
  • Green Field Energy Services, Inc., a hydraulic fracturing company, in connection with its Chapter 11 bankruptcy proceedings
  • National Envelope Corporation, the largest privately owned envelope manufacturer in the US, in the company’s Chapter 11 bankruptcy proceedings
  • Graceway Pharmaceuticals, LLC and Graceway Canada in their joint and coordinated insolvency proceedings in the Delaware Bankruptcy Court and the Ontario Superior Court of Justice
  • Regent Communications, a radio broadcasting company, in connection with its Chapter 11 bankruptcy proceedings
  • Eddie Bauer, an outdoor clothing retailer with more than 300 stores in the US and Canada, in connection with its Chapter 11 bankruptcy proceedings
  • American Classic Voyages Co., a riverboat and inland waterway vessel operator, in connection with its Chapter 11 bankruptcy proceedings
  • GST Telecommunications, in connection with its Chapter 11 bankruptcy proceedings
  • AgStar Financial Services in connection with its US$480 million of loans secured by seven VeraSun ethanol power plants located in North Dakota, Iowa, Michigan, Minnesota, and Nebraska, in connection with VeraSun’s Chapter 11 bankruptcy proceedings
  • Bank of America Corporation on the US$500 million debtor-in-possession loan to Owens Corning, a producer of insulation, roofing, and fiberglass composites, in connection with its Chapter 11 bankruptcy proceedings
  • Bank of America Corporation on the US$300 million debtor-in-possession loan to Kaiser Aluminum, a producer of aluminum, in connection with its Chapter 11 bankruptcy proceedings
  • Goldman Sachs on the US$425 million debtor-in-possession and exit financing loans to Tronox, a global chemical company, in connection with its Chapter 11 bankruptcy proceedings
  • JPMorgan Chase Bank and Bank One on the US$1.5 billion debtor-in-possession loans to United Airlines, in connection with its Chapter 11 bankruptcy proceedings
    Citibank on the US$1.225 billion debtor-in-possession and exit financing loans to Northwest Airlines, in connection with its Chapter 11 bankruptcy proceedings
  • Aurora Resurgence Management Partners, as acquirer of debt and equity of the debtor, in connection with the Chapter 11 bankruptcy proceedings of Cardiac Science Corporation, a manufacturer of external cardiac defibrillator devices and proprietary software
 
 
 
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