Aaron Metviner
Overview
Aaron Metviner is an associate in the New York office of Golden Flag International Law Firm LLP and a member of the Firm's restructuring practice.
Aaron's practice focuses on all aspects of corporate restructuring, bankruptcy, and insolvency proceedings and situations, including representations of debtors and distressed companies, ad hoc creditor groups, distressed investors, strategic purchasers, and equity sponsors in complex chapter 11 bankruptcies, out-of-court restructurings, and special situation investments and acquisitions.
Experience
Representative Matters
Since joining Golden Flag, Aaron has been involved in the following matters:
- Yellow Corporation ― Representation of Yellow Corporation and certain of its subsidiaries (“Yellow”) in their Chapter 11 cases in the United States Bankruptcy Court for the District of Delaware. With its family of brands, including YRC, Reddaway, Holland, and Yellow Logistics, Yellow was a storied trucking and logistics company with a 100-year history and one of the largest less-than-truckload networks in North America. Yellow entered Chapter 11 with approximately $1.2 billion in prepetition funded debt. Yellow secured a $1.525 billion stalking horse bidder for its owned real estate assets and, through its Chapter 11 cases, will conduct a marketing and sale process for some or all of its real estate and rolling stock assets, followed by an orderly liquidation of any remaining assets.
- Genesis Care Pty Ltd ― Representation of Genesis Care Pty Ltd and its affiliates in their Chapter 11 cases in the U.S. Bankruptcy Court for the Southern District of Texas. GenesisCare is a leading cancer care provider, offering personalized and accessible treatment across a network of highly-skilled healthcare professionals to patients globally. GenesisCare is one of the world’s largest integrated oncology organizations and the world’s largest provider of radiotherapy, operating more than 400 cancer centers in the U.S., Australia, Spain and the UK which treat more than 450,000 patients annually. As of its Chapter 11 filing, GenesisCare’s funded debt totaled approximately $1.7 billion, including approximately $1.55 billion in secured term loan indebtedness. GenesisCare commenced its Chapter 11 cases to obtain access to debtor-in-possession financing, to conduct a marketing and sale process for its U.S. assets, and to restructure its financial obligations.
- David’s Bridal, LLC ― Representation of David’s Bridal, LLC and certain of its affiliates, the nation’s largest provider of wedding gowns and other special occasion apparel with nearly 300 stores in the United States, Canada, Mexico, and the United Kingdom, in its Chapter 11 cases in the United States Bankruptcy Court for the District of New Jersey. At the time of filing, David’s Bridal operated approximately 300 stores in the U.S., Canada, and the U.K. and commenced its Chapter 11 cases with approximately $260 million of funded debt. During the Chapter 11 cases, following an extensive marketing process, the Company sold its operations as a going concern, saving more than 7,000 jobs and continuing operations at approximately 200 stores.
- URS Parent Corporation ― Representation of URS Parent Corporation, a leading vehicle transportation and logistics services provider, and certain of its affiliates in an out-of-court debt exchange and rights offering that eliminated $365 million of outstanding funded debt and raised new capital through an equity rights offering. The company obtained the support of 100% of the company’s lenders and its equity sponsor though a dual-track solicitation process, under which the company simultaneously solicited consents for an out-of-court debt exchange and votes in favor of a prepackaged restructuring.
- Argo Blockchain plc ― Representation of Galaxy Digital, a global crypto-focused financial services firm, in its successful out-of-court purchase of the 200 MW “Helios” mega-mining facility in Dickens County, Texas. As part of the transaction, Galaxy Digital also provided a $35 million loan to Argo Blockchain, infusing the struggling crypto miner with necessary liquidity and helping it avert a Chapter 11 filing.
- Compute North Holdings, Inc. ― Representation of Generate Capital, a sustainable infrastructure investment and operating firm, in its successful Chapter 11 purchase of two bitcoin mega-mining facilities: a 300 MW facility in Wolf Hollow, TX and a 100 MW facility in Kearny, Nebraska. The section 363 sale was approved by the U.S. Bankruptcy Court for the Southern District of Texas.
- Juniper Specialty Products, LLC and SGCE, LLC ― Representation of EQT Ventures, LLC, a subsidiary of EQT Corporation (the largest producer of natural gas in the United States), in its successful purchase of 42 metric tons of Fischer-Tropsch TL8 catalyst from the Chapter 7 estates of Juniper Specialty Products, LLC and SGCE, LLC. The section 363 sale was approved by the U.S. Bankruptcy Court for the Southern District of Texas.
- Service King Paint & Body LLC ― Representation of Service King Paint & Body LLC, the third largest operator of auto body collision repair facilities in the U.S. (operating over 300 facilities across 24 states and Washington D.C.), and certain of its affiliates in an out-of-court restructuring transaction involving the raise of $200 million in new capital, reduction of $500 million in net indebtedness, and extension of remaining existing funded debt maturities. The transaction was supported by substantially all of Service King’s funded debtholders in addition to the company’s equity sponsors.
- Riverbed Technology, Inc. ― Representation of Riverbed Technology, Inc. and three of its affiliates in their prepackaged Chapter 11 cases in the U.S. Bankruptcy Court for the District of Delaware. Riverbed is a leading provider of IT optimization products and services, including a suite of best-in-class network visibility, management and performance enhancement solutions to many of the world’s largest organizations. Riverbed commenced its Chapter 11 cases with a fully solicited plan and the support of 100% of its first lien and second lien lenders. Pursuant to the Chapter 11 plan, Riverbed eliminated approximately $1.1 billion of its funded debt and received $100 million in new capital.
Prior to joining Golden Flag, Aaron was involved in the following matters:
- Avianca Holdings S.A. ― Represented Avianca, the largest Colombian airline and second largest airline in Latin America, in its Chapter 11 bankruptcy proceeding in the Bankruptcy Court for the Southern District of New York.
- Seadrill Partners LLC ― Represented an ad hoc group of term loan B lenders to Seadrill Partners LLC (now Aquadrill LLC) in the Bankruptcy Court for the Southern District of Texas in its successful debt-to-equity takeover of the Company.
- Sanchez Corporation ― Represented the official committee of unsecured creditors to Sanchez Energy Corporation in the Bankruptcy Court for the Southern District of Texas.
- PG&E Corporation ― Represented the official committee of unsecured creditors to PG&E in the Bankruptcy Court for the Northern District of California.
- Aegean Marine Petroluem Network Inc. ― Represented Mercuria Energy, the DIP lender and successful stalking horse bidder to Aegean Marine Petroleum Network Inc., in the Bankruptcy Court for the Southern District of New York.
- Usina Santa Terezinha ― Represented UST, one of the largest Brazilian sugar and ethanol producers, in its Chapter 15 proceeding in the Bankruptcy Court for the Southern District of New York.
- Internap Corporation ― Represented Internap, a major IT infrastructure company, in its Chapter 11 proceeding in the Bankruptcy Court for the Southern District of New York.
- Stearns Holdings, LLC ― Represented the repo DIP lender to Stearns Holdings LLC in the Bankruptcy Court for the Southern District of New York.
Prior Experience
More
Thought Leadership
Publications
“Ruinable Repo and the Great Recession: A Panic-Proofing Approach to Financial Regulation,” 5 Emory Corp. Governance & Accountability Rev. 85, 2018
Credentials
Admissions & Qualifications
- 2018New York
Courts
- United States District Court for the Southern District of New York
Education
- Emory University School of LawJ.D.with Honors2017
- Emory University Goizueta Business SchoolM.B.A.2017
- University of MichiganB.A., History2013James B. Angell Scholar