Rights Offerings Prove Popular with Both Debtors, Distressed Investors
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Rights Offerings Prove Popular with Both Debtors, Distressed Investors
Billions Raised in Recent Offerings for Companies Exiting Bankruptcy
By Jay M. Goffman, Partner & George Howard, Counsel, Skadden, Arps, Slate, Meagher & Flom LLP
The past few years have brought a number of large rights offerings in bankruptcies in the energy, healthcare, and retail sectors. Between January 1, 2015, and December 1, 2017, more than $5.5 billion was raised through rights offerings or private placements in more than two dozen large...
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George Howard is a partner with Vinson & Elkins LLP. His represents debtors, creditors (including syndicated bank groups and agents), equity holders, and distressed investors in all aspects of complex corporate restructurings. He also advises boards of directors and senior management of financially troubled companies regarding a range of complex commercial transactions and restructurings. In 2019, Howard was named an emerging leader by the American Bankruptcy Institute’s 40 Under 40 initiative and as an Outstanding Young Restructuring Lawyer by Turnarounds & Workouts.
Jay M. Goffman is the global co-head of Skadden’s Corporate Restructuring Group. He has led transformational restructurings and transactions encompassing virtually all major worldwide industries. Mr. Goffman has repeatedly been selected as one of the leading restructuring lawyers in the world by numerous corporate restructuring and legal organizations, including Turnarounds & Workouts, Chambers USA, and Chambers Global, among others, and was named among “The Decade’s Most Influential Lawyers” by The National Law Journal in 2010.
