Daily News: June 15, 2012

McDermott Adds to Restructuring, Insolvency Practice

As part of the expansion of its Restructuring & Insolvency practice, international law firm McDermott Will & Emery LLP announced the appointment of Erich Eisenegger as a partner in its New York office.

Eisenegger, who joins the firm from an AmLaw Top 5 corporate law firm where he was a partner and has worked since 2002, counsels U.S. and foreign financial institutions, project developers and governmental authorities in a wide range of restructurings and related transactions. Earlier in his career, Eisenegger concentrated in international project finance at another top international law firm.

Last month, the firm announced the appointment of Timothy W. Walsh as international head of its Restructuring & Insolvency practice. Eisenegger will work closely with Walsh as he builds his team and executes the firm’s strategy for growing this key practice area. Previously, the two worked together at the same law firm.

Eisenegger’s notable recent engagements include: 1) representing the agent bank on behalf of the senior secured lenders for the restructuring of the $306 million private financing of a privatized U.S. toll road and related intercreditor issues with the $127 million Transportation Infrastructure Finance and Innovation Act (TIFIA)-subordinated loan; 2) representing the Illinois and Pennsylvania Lotteries in landmark, first-to-market, multibillion-dollar public-private partnerships; 3) representing the second lien agent bank in connection with the $720 million out of court debt and equity restructuring of a global building materials and recreational vehicle products company; and 4) representing one of the largest title lending companies in the United States in connection with its bankruptcy exit financing during its successful chapter 11 reorganization.

“It is my great pleasure to welcome Erich to McDermott,” said Timothy W. Walsh, partner and international head of McDermott’s Restructuring and Insolvency practice. “We have worked closely together for many years and I know that his reputation for delivering top-notch counsel and solutions to clients is well-earned. As we move to capture a greater share of transactions involving U.S. and foreign projects and governmental entities, having Erich on the team will be key. Additionally, Erich’s background in debtor-in-possession (DIP) financings and refinancings, bankruptcy exit financings, out of court debt and equity restructurings, as well as infrastructure asset and other project restructurings gives the Firm important capabilities that will be of great value to our clients.”

Eisenegger is a member of the American Bar Association and is admitted to practice in New York State. He earned his law degree from Boston College Law School and a Master of Arts in Law and Diplomacy from The Fletcher School of International Law and Diplomacy, jointly administered by Tufts and Harvard Universities. Eisenegger received his Bachelor of Arts from Boston College.