Carl Tullson represents clients in complex debt restructurings, troubled company mergers and acquisitions, and financing transactions.


Mr. Tullson was named as an Emerging Leader by The M&A Advisor in 2018. His practice spans a variety of industries, and he has played a principal role representing sophisticated corporate debtors, purchasers and investors in complex restructuring cases and transactions. Mr. Tullson’s company-side representations of note include:

  • Atlas Resource Partners, L.P. in the first prepackaged restructuring of a publicly traded master limited partnership, a 30-day prepack that was recognized by Turnarounds & Workouts magazine as one of the 12 most successful restructurings for 2016;
  • Concordia International, an international pharmaceutical company, in a first-of-its-kind dual solicitation CBCA-Chapter 11 restructuring of over $3.7 billion of debt;
  • Danaos Corporation, an international containership company, in connection with its out-of-court restructuring of over $2.2 billion in secured debt obligations. This transaction received the Turnaround Management Association’s 2019 Large Company Turnaround of the Year award and was recognized by Turnarounds & Workouts magazine as one of the most successful restructurings of 2018;
  • tier-one auto supplier Delphi Corporation in connection with the restructuring of more than $22 billion in liabilities;
  • Mark IV Industries, Inc./Dayco Products in its bankruptcy reorganization and restructuring;
  • Melinta Therapeutics, Inc. in its Chapter 11 reorganization in the U.S. Bankruptcy Court for the District of Delaware;
  • a leading global provider of offshore contract drilling services in its ongoing restructuring services;
  • an international owner and/or operator of one of the world’s largest fleets of medium- and long-range product tankers in its ongoing restructuring efforts;
  • Titan Energy, LLC in its out-of-court restructuring;
  • Triumph Group (Vought Aircraft Industries) in an out-of-court restructuring;
  • United Natural Foods in its acquisition of SUPERVALU for $2.9 billion; and
  • WeWork in an $8 billion transaction in which SoftBank provided financing to the company and acquired a majority of its outstanding shares through a tender offer. This transaction was recognized by Turnarounds & Workouts magazine as one of the most successful restructurings of 2019.

Mr. Tullson’s stakeholder representations include:

  • the official committee of unsecured creditors in American Airlines’ bankruptcy, a transaction that received the Turnaround Management Association Chicago/Midwest Chapter’s 2014 Large Transaction of the Year award and was recognized in the Corporate & Commercial category in the Financial Times’ 2013 U.S. Innovative Lawyers report;
  • Bank of America, N.A. and Deutsche Bank AG in connection with a $1.25 billion credit facility for the Algeco Scotsman Group;
  • Black Diamond Capital Management, L.L.C. in multiple transactions, including securing approval from the Bankruptcy Court for the Southern District of New York of the sale of Empire Generating to an entity controlled by Black Diamond and confirmation of a related “no impairment” plan of reorganization over the objection of certain minority lenders;
  • CD&R in connection with the restructuring of CHC Group Ltd., a global helicopter service provider to offshore oil field producers;
  • DuPont in connection with disputes relating to its spin-off of Chemours;
  • GIC and OMERS in multiple matters relating to their minority investment in Oncor Electric Delivery Company;
  • Health Evolution Partners and affiliates in connection with the Chapter 11 bankruptcy of its portfolio company MacKeyser Holdings, LLC, including with respect to originating a debtor-in-possession loan;
  • Hermitage Management LLC and PPM America, Inc. in the acquisition of Spanish Trail Country Club Inc. via a credit bid, as part of Spanish Trail’s Chapter 11 case;
  • Norwest Equity Partners in its acquisition of the Clover Imaging business unit from 4L Holdings Group;
  • Patriarch Partners in connection with multiple matters, including the restructuring of Dura Automotive;
  • Silver Point Capital, L.P. in connection with multiple matters, including its secured loan to and proposed acquisition of the Standard Register Company;
  • a shortlisted consortium in the 2015 bankruptcy-related auction for the Indiana Toll Road concessionaire;
  • the U.S. Department of Transportation, as a lender under the Transportation Infrastructure Finance and Innovation Act, in connection with financing for the Transform66 Outside the Beltway public-private partnership in Virginia; and
  • Veritas Capital in connection with multiple matters.

Mr. Tullson also has advised on numerous traditional Chapter 11 cases for U.S. and international companies, debtholders, and equity sponsors.

Mr. Tullson frequently presents and writes on a variety of restructuring topics, including fiduciary duties of boards of directors, executive compensation in bankruptcy, mergers and acquisitions in distressed situations, pension and other post-employment benefit issues, distressed investing, intercreditor considerations, and the intersection of bankruptcy with labor and intellectual property issues.



  • J.D., Ohio State University College of Law, 2007
  • B.A., Wheaton College, 2004


  • Delaware
  • Illinois
  • U.S. Court of Appeals for the Second and Seventh Circuits
  • U.S. Supreme Court


  • Member, Turnaround Management Association
  • Member, American Bankruptcy Institute

Carl T. Tullson

Counsel, Corporate Restructuring