Paul L. Sandler, P.C.

Prior to joining Golden Flag, Paul advised on the following:

• Funds and accounts managed by Apollo Capital Management, as a plan sponsor (alongside Knighthead Capital Management and Certares Opportunities) in Hertz Global Holdings’ Chapter 11 plan of reorganization, which funded the company’s exit from bankruptcy
• Brookfield in a restructuring of its portfolio company, Altera Infrastructure, a leading international midstream services provider to the oil and gas industry, through prearranged Chapter 11 cases in the Southern District of Texas. Brookfield provided a $70 million DIP loan and participated in an approximately $95 million equity rights offering. The company’s plan provided for the restructuring of more than $1 billion in liabilities
• An ad hoc group of unsecured noteholders, led by Clearlake Capital Group, in their recapitalization of Service King, a national automotive collision repair company, resulting in the infusion of $200 million of new capital into the company
• Affiliates of Apollo Global Management in connection with financing the acquisitions of Cardenas, Smart Start, The New Home Company, Arconic Corporation, Accent Family of Companies and Tony’s Fresh Market, among others
• Brookfield Asset Management and Simon Property Group in their acquisition of certain assets of J.C. Penney Company, including the $520 million takeback first lien credit agreement, in connection with J.C. Penney’s Chapter 11 case
• Affiliates of Apollo Global Management in certain of the financing aspects of a landmark $1.4 billion strategic investment in Aldar Properties PJSC, consisting of common and preferred equity investments in its subsidiary, Aldar Investment Properties
• Canopy Growth Corporation, a publicly traded leading cannabis products company, in its $750 million senior secured term loan, provided by funds advised by King Street Capital Management, L.P.
• An ad hoc group of noteholders in the Chapter 11 cases of Intelsat S.A. and its co-debtor affiliates, operator of the world’s largest and most advanced satellite fleet and connectivity infrastructure
• Weatherford International, a leading multinational oil and gas company, in its upsize of its senior secured letter of credit agreement and the issuance of $2.6 billion in secured and unsecured notes in various issuances
• An ad hoc group of secured and unsecured creditors of Bausch Health, a multinational healthcare company, in connection with the company’s proposed spin-off of its eyecare business
• Funds managed by Apollo Global Management, alongside other investors, in connection with a $2.5 billion preferred equity issuance commitment to support the acquisition of Citrix
• Funds affiliated with Viking Global Investors in a $630 million convertible note issuance by Cazoo, a leading online car retailer in Europe
• TPG Partners, as sponsor to Cirque du Soleil, in connection with an unrestricted subsidiary financing and bid for assets of Cirque du Soleil in bankruptcy
• Affiliates of Prudential Capital Partners and Onex Falcon as petitioning creditors in the involuntary Chapter 11 cases and subsequent consensual out-of-court restructuring of American Achievement Corporation, a leading publisher of yearbooks, manufacturer and direct marketer of scholastic and graduation products, and provider of graduation commencement services
• An ad hoc group of senior noteholders in the prepackaged Chapter 11 cases of Oasis Petroleum, a Houston, Texas-based independent exploration and production company with a focus on unconventional crude oil and natural gas development. The plan provides for the restructuring of approximately $2.23 billion of debt, including the extension and modification of its RBL facility, the conversion of the senior notes into all of the equity of the reorganized company, and the settlement of significant ongoing litigation claims
• An ad hoc group of noteholders in the out-of-court restructuring and sale of OmniMax International, a leading manufacturer of building and transportation products
• An ad hoc group of term loan lenders in the out-of-court restructuring of Chief Power, the largest owner of undivided interests in two power-generating stations in Western Pennsylvania. The restructuring, which was supported by 100 percent of the company’s term loan lenders, provided for the conversion of more than $330 million in debt into 97 percent of the equity of the company, and the raising of a backstopped new money priming debt facility