Nuverra Environmental Solutions emerged from bankruptcy protection with more than $70 million in new financing provided by ACF Finco I, an entity managed by Ares Management, Ascribe Capital, and Gates Capital Management.
Shearman & Sterling strengthened its financial restructuring & insolvency practice with the addition of Joel Moss, who joins the firm as a partner in the New York office.
Shearman & Sterling strengthened its M&A and corporate practices—including public and private M&A, private equity, capital markets and corporate governance with the addition of Rob Masella.
Shearman & Sterling represented Citigroup Global Markets and J.P. Morgan Securities as joint lead arrangers and joint book managers in connection with a $10 billion credit facility for Johnson & Johnson.
Paul Hastings announced Andrew Tenzer joined the firm’s Restructuring practice as a partner in the New York office. Tenzer joins from Shearman & Sterling, where he was a partner.
Shearman & Sterling announced it won an M&A Advisor Turnaround Award in the Distressed M&A Deal of the Year (over $100 million to $1 billion) category.
Shearman & Sterling announced it advised Morgan Stanley Senior Funding in connection with the $225 million financing related to the acquisition of Actient Holdings by Auxilium Pharmaceuticals.