Laura C. Glynn

Distressed Investments: Represented group of subordinated noteholders in filing involuntary bankruptcy against issuer when senior lenders and equity refused to give subordinated noteholders seat at table or reasonable recovery. After involuntary action was commenced, other parties came to table and agreed to provide clients with meaningful recovery opportunity. Represented institutional investor in restructuring of senior and subordinated secured notes of saw mill/timber company that also had pari passu senior bank debt. In subsequent Ch. 11 and liquidation proceeding, successfully defended repeated attacks by pari passu bank on enforceability of make whole premium, which resulted in significant reallocation of funds to client in distribution of liquidation proceeds. Represented institutional holders of senior unsecured notes of publicly traded, national auto parts manufacturer and service provider where existing bank debt was secured. Negotiated recapitalization of company in which clients exchanged their unsecured notes for new senior notes secured pari passu with bank debt and received make whole premium on exchange. Clients also received new warrants for common stock. New secured notes were subsequently repaid in full and clients retained warrants for stock in publicly traded company. Represented institutional holders of unsecured subordinated notes of U.S. and Canadian consumer products company in forbearance agreement providing for overdue interest on subordinated notes to be paid in part in cash and in part through issuance of secured notes that rank pari passu with senior debt. Represented institutional holders of subordinated pass through equipment trust certificates of bankrupt airline in highly successful sequential foreclosure, auction and sale of aircraft securing certificates. Represented group of insurance companies, banks, and leasing companies in workout of significant equipment lease of steel plant rolling mill. These efforts resulted in successful sale of plant and sale/re-lease of clients' equipment to international steel producer. Represented senior secured noteholders in workout and reorganization of multi-state cable company with five levels of institutional debt, including publicly traded debentures, in which Laura's clients recovered their principal, accrued interest and post-petition default interest and expenses in full in cash upon confirmation of plan of reorganization. Represented institutional investor in workout of defaulted unsecured debentures where issuer had spun out its revenue generating assets (and taken the resulting company public) and literally left "dogs" (the remaining assets related in part to dog track) behind, resulting in inability to pay debt service. Negotiated settlement exchanged clients' defaulted debentures for registered shares of public company. Global Transactions, Joint Ventures and Business (Commercial) Contracts: Represented global LNG company in equity investment in LNG liquefaction project in Trinidad, including negotiation of shareholders agreement with three global energy giants and affiliate of National Gas Company of Trinidad, negotiation of LNG offtake agreement, negotiation of project finance documents and negotiation of equity, project and financing documents of project expansion, including ground-breaking Joint Use and Operating Agreement. Represented global specialty chemical company in African mining joint venture project. Represented domestic manufacturing company in joint venture with multinational company for manufacture, distribution and sale of beverage products. Represented U.S. registered investment advisor in formation of international timber equity fund, and timber equity investments in New Zealand, South Africa, Australia, Chile, Argentina and Fiji. Represented high tech company in negotiation of contract for supply of critical equipment for Turkey's wireless telecommunications system. Represented diversified global company in negotiation of key global help desk outsourcing agreement. Represented publicly traded Canadian company in acquisition of Swedish subsidiary of publicly traded Swedish company. Represented investors in steel mini-mill project, including structuring, negotiation and documentation of equity arrangements and supply and offtake contracts.