Matthew M. Roose

• Represented an ad hoc group of first lien lenders of American Rock Salt, the largest operating salt mine in the United States, in connection with a $110,000,000 super-priority first out term loan facility.
• Represented an ad hoc group of second lien lenders of Petmate, a supplier and manufacturer of pet products, in connection with its out-of-court restructuring of approximately $600 million of funded debt.
• Represented an ad hoc group of second lien term loan lenders to a specialty textile manufacturing company in connection with the company’s restructuring of over $850 million in funded indebtedness. As part of the restructuring, second lien term loan lenders received a significant primary equity stake, warrants and the opportunity to participate in funding the exit term loan.
• Represented an ad hoc group of second lien lenders of Yak Access, LLC, a provider of temporary roadways to remote construction sites, in connection with its out-of-court recapitalization and exchange transaction, which eliminated over $500 million of debt. As part of the recapitalization, holders of second lien term loans received a significant primary equity stake as well as various series of preferred stock in the recapitalized Yak.
• Representing an ad hoc group of senior secured noteholders and convertible noteholders of Quotient Limited, a publicly-listed European-based diagnostics company, with respect to, among other things, its pending chapter 11 case and recapitalization involving more than $250 million of secured and unsecured debt.
• Representing an ad hoc group of first lien lenders of K&N Engineering, Inc., a leading consumer-branded designer, manufacturer and marketer of high performance automotive and power sports aftermarket parts, in a $60 million new money financing in connection with its out of court restructuring of approximately $415 million of funded indebtedness.
• Represented an ad hoc group of bondholders of Exela Technologies, Inc. with respect to, among other things, an out of court exchange involving approximately $1.0 billion of first lien bond debt, and a subsequent exchange of $1.3 billion of first lien bond debt.
• Represented Aleris Corporation in the chapter 11 cases of Real Industry.*
• Represented an ad hoc group of noteholders of Forbes Energy Services.*
• Represented Goldman Sachs Asset Management as sponsor of Constellation Enterprises, a chapter 11 debtor.*
• Represented Fidelity Management & Research Co. in the chapter 11 cases of Energy Future Holdings, Inc.*
• Represented ad hoc group of noteholders of Forbes Energy Services in pre-packaged chapter 11 plan.*
• Represented Appaloosa, Centerbridge, Owl Creek, and Aurelius in the chapter 11 cases of Washington Mutual, Inc.*
• Represented Centerbridge, Paulson, and Blackstone in the purchase of Extended Stay, Inc., a chapter 11 debtor.*
• Represented Ascribe Capital and Phoenix Investments in the out-of-court restructuring of Alion Science and Technology Co.*
• Represented an ad hoc group of noteholders in connection with Georgia Gulf Corp.’s debt for equity exchange.*
• Represented an ad hoc group of first lien debt holders in the chapter 11 cases of Merisant Co.*
• Represented the independent directors in connection with the chapter 11 cases of Innkeepers USA Trust.*
• Represented the Equity Committee in connection with the chapter 11 cases of Calpine Corp.*
• Represented the New York Liquidation Bureau and the NYS Department of Financial Services in connection with the $2.1 billion mortgage backed securities settlement between MBIA and Bank of America.*
• Represented the NYS Department of Financial Services in connection with the restructuring of monoline insurers (Syncora, FGIC, MBIA, and CIFG).*

*Completed prior to joining Ropes & Gray.