Overview
Steven Szanzer focuses his practice on large chapter 11 cases, restructurings, workouts, ancillary/cross-border insolvencies, foreign restructurings, commercial transactions, and lending arrangements.
He works with a broad range of stakeholders, including debtors; secured and unsecured creditors; official, ad hoc, and steering committees of creditors; investors; borrowers; agents for lender syndicates; indenture trustees; special servicers; large debt holders; acquirers of assets of distressed companies; plan sponsors; plan and trust administrators; purchasers and sellers of claims; landlords; and financial and other consultants.
Steven has advised clients across a wide array of industries, including financial, emerging, and leading-edge technology, manufacturing, retail, automotive, airline, appliance, houseware, distribution and shipping, oil and gas, energy, medical supply, healthcare, senior care, pharmaceutical, media, hospitality, entertainment, gaming, food and beverage, grocery, agribusiness, life sciences, chemical, space and communications, cable and broadcasting, recycling and waste handling equipment, and project finance.
Results
- Represented Fisker Inc. in its chapter 11 cases and restructuring proceedings in multiple non-US jurisdictions*
- Represented Instant Brands in its chapter 11 cases and proceedings*
- Represented a senior bank agent in Bed Bath & Beyond’s chapter 11 cases*
- Represented K&N Engineering, Inc. in an out-of-court restructuring*
- Represented Neovia Logistics in an out-of-court restructuring*
- Represented Aeroméxico in its chapter 11 cases*
- Represented Dean Foods in its chapter 11 cases*
- Represented Southcross Energy Partners L.P. in its chapter 11 cases*
- Represented an ad hoc group of secured noteholders in Sable Permian Resources’ out-of-court restructuring*
- Represented Fung Retailing Limited in Toys “R” Us’ chapter 11 cases*
- Represented an agent and a steering committee of lenders in Harvey Gulf International Marine’s chapter 11 cases*
- Represented TerraVia in its chapter 11 cases*
- Represented an ad hoc group of unsecured noteholders in Tervita Corporation’s and chapter 15 cases*
- Represented an agent and a steering committee of lenders in C&J Energy Services Inc.’s chapter 11 cases*
- Represented an informal committee of debt holders in Verso Corporation’s chapter 11 cases*
- Represented an ad hoc group of term lenders, debtor-in-possession lenders, and a stalking horse bidder in Relativity Media’s chapter 11 cases*
- Represented Baha Mar in its chapter 11 cases*
- Represented a collateral agent of a bridge loan in its enforcement of rights against the Schahin Group*
- Represented LightSquared (now known as Ligado Networks) in its chapter 11 cases*
- Represented a large senior secured creditor in Wastequip’s out-of-court restructuring*
- Represented the creditors’ committee in Lehman Brothers Inc.’s chapter 11 cases*
- Represented an ad hoc group of senior lenders in Bosque Power Co LLC’s chapter 11 cases*
- Represented a special servicer in MSR Resort’s chapter 11 cases*
- Represented Assisted Living Concepts LLC in an out-of-court sale*
- Represented the creditors’ committee in The Great Atlantic & Pacific Tea Company’s chapter 11 cases*
*Matter handled prior to joining McDermott.
Credentials
Education
Fordham University School of Law, JD, 2000
University of Maryland, BA, summa cum laude, 1997
Admissions
New York
Courts/Agencies
US District Court for the Eastern District of New York
US District Court for the Southern District of New York
Languages
English
