George Howard represents companies, banks, secured lenders, distressed debt investors, asset purchasers and other significant constituencies in stressed and distressed situations, with an emphasis on out-of-court restructurings, Chapter 11 reorganizations, secured financing transactions, distressed M&A and cross-border insolvency proceedings.

Bio

Mr. Howard routinely advises clients on structuring and consummating Chapter 11 restructurings, secured financings, and distressed sales and acquisitions, as well as ring-fencing transactions, spin-offs and other major corporate transactions. He also has experience counseling clients on corporate formalities, fiduciary duties, fraudulent conveyance, illegal dividend, mass tort, environmental, pension and other legacy liability issues.

Mr. Howard has represented:

  • Bank of America, N.A. as the agent on the $1.83 billion senior DIP financing for Sears Holding Corporation;
  • Quantum Pacific (Gibraltar) Limited as the majority shareholder in the successful restructuring of Pacific Drilling S.A. pursuant to a consensual Chapter 11 plan that raised over $1.5 billion of new debt and equity financing; and
  • Bank of America, N.A. as the agent for the prepetition $1.85 billion revolving credit facility for Toys “R” Us.

Prior to joining Skadden, Mr. Howard represented the following corporate debtors in their Chapter 11 cases: Peabody Energy (the world’s largest private coal company); Alpha Natural Resources (one of the largest producers of coal by volume in the U.S.); Molycorp (one of the world’s largest rare earth producers and processors) (awarded 2017 Transaction of the Year: International by the Turnaround Management Association); NII Holdings (an international mobile communication services company); Fresh & Easy Neighborhood Markets (a chain of grocery stores in the western U.S.); Hostess Brands (producer of Hostess, Dolly Madison, Wonder and other branded bakery products); Franciscan Communities St. Mary of the Woods (a continuing care retirement community); Harry & David (a premium food and gift producer and retailer); and Metaldyne Corporation (a tier-1 provider of metal-based products for the automotive industry).

Mr. Howard was named one of Turnarounds & Workouts’ Outstanding Young Restructuring Lawyers in 2019. He is a member of the American Bankruptcy Institute and the Turnaround Management Association, and previously served on the TMA New York NextGen Committee.

Credentials

Education

  • J.D., University of Arizona College of Law, 2008
  • M.B.A., University of Arizona, 2008
  • A.B., Princeton University, 2002

Admissions

  • New York
  • U.S. District Court for the Southern District of New York

George R. Howard

Counsel, Corporate Restructuring
george.howard@skadden.com