Ropes & Gray represented Hearthside Food Solutions in its completed financial restructuring. Following approval of Hearthside’s plan of reorganization on March 11, 2025, the company emerged from Chapter 11 announced in a March 31 press release.
Through its financial restructuring, Hearthside eliminated approximately $2 billion of funded debt, and emerges with approximately $600 million of liquidity, including $200 million of new money through an Equity Rights Offering and approximately $190 million of additional capital from a new asset backed loan facility.
The Ropes & Gray team includes business restructuring partners Natasha Hwangpo, Ryan Preston Dahl and Matt Roose, as well as counsel Stephen Iacovo, private equity partner Bob Rivollier, executive compensation & employee benefits partner Allie Alperovich, finance partners Jennifer Harris, Sam Badawi, and Leonard Klingbaum, and litigation & enforcement partners Dan McCaughey and Peter Welsh.
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