• Alexander Woolverton represents debtors, creditors and distressed investment funds in Chapter 11 cases, out-of-court restructurings and cross-border insolvencies, with a focus on advising distressed investment funds, institutional investors and ad hoc groups of creditors in restructuring matters. He also represents companies and distressed investment funds in out-of-court liability management and insolvency-sensitive transactions.

    Xander has been recognized by Legal 500, where sources described him as “smart, hard-working, and thoughtful.” He was also selected for the 2020 National Conference of Bankruptcy Judges Next Generation, an exclusive annual program for up-and-coming bankruptcy practitioners.

    Experience

    • Talen Energy Supply – Representation of an ad hoc group of crossover creditors of Talen Energy Supply, LLC, one of the largest competitive power generation companies in North America, which owns the Susquehanna Nuclear Plant, in connection with their Chapter 11 cases filed in the U.S. Bankruptcy Court for the Southern District of Texas.*

    • Endo Pharmaceuticals – Representation of an ad hoc group of first lien, second lien and unsecured creditors in the Chapter 11 cases of Endo Pharmaceuticals, a specialty pharmaceutical company.*

    • Chief Power – Representation of 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% of the company’s term loan lenders, provided for the conversion of over $330 million in debt into 97% of the equity of the company and the raising of a backstopped new money debt facility.*

    • Oasis Petroleum – Representation of an ad hoc group of senior noteholders in the prepackaged Chapter 11 cases of Oasis Petroleum, a Houston-based independent exploration and production company with a focus on unconventional crude oil and natural gas development. The prepackaged plan provided for the restructuring of about $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 litigation claims.*

    • California Resources Corporation – Representation of an ad hoc group of creditors of California Resources Corporation, an independent, publicly traded oil and natural gas exploration and production company with the largest oil and natural gas production operations in California, in its Chapter 11 cases. The company’s plan provided for the restructuring of over $5.8 billion of debt and preferred equity interests.*

    • Eletson – Representation of an ad hoc committee of holders of first preferred ship mortgage notes issued by Eletson, a world leader in international seaborne transportation, specializing in the transport of refined petroleum products, liquefied petroleum gas and ammonia, in an out-of-court exchange of its existing notes for new first preferred ship mortgage notes.*

    • Pacific Drilling S.A. – Representation of an ad hoc committee of debtholders in the Chapter 11 cases of Pacific Drilling S.A., a leading international offshore drilling contractor with approximately $3 billion in indebtedness, including in connection with providing debtor-in-possession financing and first and second lien note exit financings totaling approximately $1 billion.*

    • GenOn Energy – Representation of the holders of pass-through certificates issued to finance two separate leveraged lease transactions of certain coal-fired power plants operated by GenOn Mid-Atlantic and NRG REMA, subsidiaries of GenOn Energy, one of the 10 largest wholesale power generation companies in the U.S., in GenOn’s restructuring efforts.*

    • Boart Longyear – Representation of the secured and unsecured lenders of Boart Longyear, an Australian-registered supplier of drilling services, drilling equipment and performance tooling, in its recapitalization transaction, which reduced approximately $795 million of the company’s debt through two Australian court-approved schemes of arrangement and companion Chapter 15 proceedings by the U.S. Bankruptcy Court for the Southern District of New York.*

    • Spanish Broadcasting System – Representation of the ad hoc committee of bondholders of Spanish Broadcasting System, one of the largest owners and operators of radio stations in the U.S., in the company’s out-of-court recapitalization transaction.*

    • iPayment and iPayment Holdings – Representation of an ad hoc group of certain bondholders of iPayment and iPayment Holdings, providers of credit and debit card payment processing services to small merchants across the U.S., in an out-of-court exchange of approximately $375 million of senior notes issued by iPayment into equity and new second lien notes and approximately $134 million of senior payment-in-kind notes issued by iPayment Holdings into new second lien notes, warrants and equity.*

    • Tidewater – Representation of an unofficial committee of noteholders of Tidewater, a leading provider of offshore service vessels in the global energy industry, in a restructuring of the company’s approximately $2 billion of debt pursuant to a prepackaged Chapter 11 plan.*

    • TridentUSA – Representation of Silver Point Capital, as postpetition and senior prepetition lender, in the restructuring of TridentUSA and its affiliates, the leading national provider of bedside diagnostic and related health care services, including its Chapter 11 cases.*

    • (*Indicates work done prior to Kramer Levin.)

    • Glass Mountain – Representation of the company, the owner of a 450-mile pipeline providing crude oil transportation and storage services, in a comprehensive restructuring with its equity sponsor and secured lenders that resulted in a reduction of over $230 million in debt.*

    • Representation of a Greek shipping company in connection with its contingency planning strategy and the resolution of certain disputes with its stakeholders.*

    • Representation of a national leader in pet food and supplies distribution in an out-of-court restructuring transaction providing for the equitization of a significant portion of its debt and the infusion of new capital.*

    • The Bon-Ton Stores – Representation of the national department store retailer in its Chapter 11 cases in Delaware, including the sale of substantially all of its assets under Section 363 of the Bankruptcy Code.*

    • Expro Holdings – Representation of a leading international provider of well flow management services to the oil and gas industry in its prepackaged Chapter 11 case, including in connection with debtor-in-possession financings.*

    • Foresight Energy – Representation of a leading producer of thermal coal based in the Illinois basin in its prearranged Chapter 11, resulting in the elimination of over $1 billion of its funded indebtedness.*

    • Noranda Aluminum – Representation of this leading U.S. aluminum producer and its subsidiaries in all aspects of their Chapter 11 cases, including obtaining a critical order authorizing Noranda to reject a burdensome supply contract over the objection of a counterparty that was seeking to assume the same contract in its own Chapter 11 case and securing a global settlement with various creditor groups.*

    • Triangle Petroleum – Representation of an independent energy holding company in its prepackaged Chapter 11 case in Delaware.*

    • (*Indicates work done prior to Kramer Levin.)

    • OneTeam Partners – Advised HPS Investment Partners as lead investor and lender in a structured preferred investment and term loan facility in OneTeam Partners, a leader in commercializing group licensing rights of professional and collegiate athletes.*

    • (*Indicates work done prior to Kramer Levin.)

    Credentials

    Education

    • J.D., magna cum laude, Brooklyn Law School, 2011
      • Associate Managing Editor, Brooklyn Law Review
    • B.A., Oberlin College, 2008

    Bar Admissions

    • New York, 2012

    Clerkships

    • Hon. Martin Glenn, U.S.B.C., Southern District of New York, 2011 - 2012

    Court Admissions

    • U.S.D.C., Southern District of New York
  • *No aspect of this advertisement has been approved by the Supreme Court of New Jersey. A description of the Super Lawyers selection methodology can be found here.