Carl Tullson represents clients in complex debt restructurings, troubled company mergers and acquisitions, and financing transactions — particularly those including intellectual property, labor and pension issues.


Mr. Tullson was named as an Emerging Leader by The M&A Advisor in 2018. 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 Turnaround & Workouts magazine as one of the 12 most successful restructurings for 2016;
  • Concordia International, an international pharmaceutical company, in its dual solicitation Canadian 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 $2.3 billion in secured debt obligations, a transaction that 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;
  • Triumph Group (Vought Aircraft Industries) in an out-of-court restructuring; and
  • United Natural Foods in its pending acquisition of SUPERVALU for $2.9 billion.

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;
  • 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;
  • 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; and
  • 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.

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, 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


  • Illinois
  • U.S. Court of Appeals for the Seventh Circuit
  • U.S. Supreme Court

Carl T. Tullson

Counsel, Corporate Restructuring