The firm is representing VeraSun Energy Corporation, the largest ethanol producer in the United States, in its Chapter 11 cases, which were commenced on Oct. 31 in Wilmington, Del. VeraSun assets exceed $3.5 billion, and the company has more than $1.5 billion in balance sheet liabilities. VeraSun consumes more than 5 percent of all U.S. corn production on an annual basis. The company has procured multiple discrete financing facilities to fund its Chapter 11 cases, exceeding $250 million in the aggregate.
Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates