AREA OF PRACTICE

Bankruptcy & Corporate Restructuring

Biography

Oksana Lashko practices in the areas of corporate restructuring and bankruptcy and represents debtors, creditors and investors in a broad range of matters, including chapter 11 cases, out-of-court restructurings, cross-border insolvency matters, bankruptcy-related acquisitions and insolvency-sensitive transactions and investments. She also specializes in advising clients in transactions involving multiple tiers of debt capitalization requiring complex intercreditor arrangements, syndicated leveraged transactions, acquisition financings, and debtor-in-possession and exit financings. She has represented a diverse range of clients in some of the most complex, high-stakes restructurings, spanning numerous industries, including consumer, retail, technology, shipping, oil and gas, mining, energy, automotive, manufacturing, sports, financial and other services.  

Representation

Creditor-Side Experience

Represented unsecured noteholders in connection with the $2.1 billion debt restructuring of Sable Permian Resources, a leading oil and natural gas extraction and production company

Represented an ad hoc committee of unsecured noteholders of Neiman Marcus Group, one of the world’s largest omni-channel luxury fashion retailers, in connection with a recapitalization transaction involving the exchange of unsecured notes into a new series of third-lien notes and preferred equity in MyTheresa, a German luxury online retailer, and the issueance of new second lien notes

Represented an ad hoc group of unsecured noteholders of Bellatrix Exploration Ltd., a Canada-based oil and gas E&P company in pre-arranged restructuring transactions pursuant to a corporate plan of arrangement under the Canada Business Corporations Act

Represented an ad hoc committee of term loan lenders of American Tire Distributors in connection with its restructuring of secured and unsecured debt in its chapter 11 case, including in connection with its DIP and exit financing facilities

Represented a secured lender of Danaos Corporation, a leading container shipping company, in its out-of-court restructuring of multiple debt facilities representing $2.2 billion of debt

Represented an ad hoc committee of bondholders of Oro Negro, a Mexican-based provider of offshore drilling units in the oil and gas industry, in its out-of-court restructuring of over $900 million of secured debt obligations issued pursuant to Norwegian law

Represented an ad hoc committee of bondholders in the chapter 11 case of Paragon Offshore, a UK-based provider of offshore drilling units in the oil and gas industry, in connection with its restructuring of over $2 billion of secured and unsecured debt obligations

Represented an informal committee of holders of notes issued by Xinergy Corp. and Xinergy’s postpetition lenders in connection with the company’s prepetition restructuring efforts and subsequent chapter 11 case

Represented an agent bank and a steering lender committee in the chapter 11 case of Nautilus Holdings, an international container shipping company

Represented an ad hoc committee of lenders of Eitzen Chemical, a Norwegian shipping company, in its out-of-court restructuring of over $1 billion of debt obligations

Represented an ad hoc committee of noteholders of Windsor Petroleum, a subsidiary of a major oil-shipping company Frontline, Ltd., in its restructuring through a prepackaged chapter 11 case

Represented an ad hoc committee of noteholders of Horizon Lines, Inc., a Jones Act-registered shipping company, in its out-of-court restructuring and structuring of post-restructuring financing

Represented the senior and junior agents for the postpetition lenders of Reichhold Inc., a leading global supplier of intermediate products for the composites and coatings industry, and certain of its U.S. affiliates in their chapter 11 cases, including in connection with its DIP financing facilities

Represented an ad hoc group of lenders, and later the successor administrative agent, under Eagle Bulk Shipping’s $1.2 billion secured credit facility in connection with the company’s prepackaged chapter 11 case, including in connection with DIP and exit financing facilities

Represented an ad hoc committee of senior secured bondholders of Trico Marine Group, a large Norway-based shipping company now known as Deep Ocean Group, in connection with an out-of-court exchange of $400 million in senior secured debt to equity of the Trico Marine Group and raising a new $100 million working capital facility

Represented Citigroup, as agent for the prepetition senior lenders, in the chapter 11 case of Tribune Company

Represented an ad hoc group of secured lenders in a cross-border restructuring of U.K.-based Ceva Group Plc, one of the world’s largest non-asset based supply chain management companies, where in a two part out-of-court exchange, CEVA eliminated approximately €1.3 billion of consolidated net debt, reduced its cash interest expense by over €130 million and received cumulative new capital commitments of over €230 million for investment in its business plan

Represented Deutsche Bank, as administrative agent for the lenders to LNR Property Corporation, a leading real estate developer, in connection with the restructuring and refinancing of the company’s  $1.7 billion senior secured credit facility

Represented Wachovia Bank, N.A., as agent bank in the AbitibiBowater Inc. (now Resolute Forest Products) cross-border cases in the U.S. and Canada

Represented Wachovia Bank, N.A., as agent bank in a subordination dispute with creditors’ and several ad hoc committees in the chapter 11 case of Le-Nature’s, a beverage manufacturer

Represented Major League Baseball in the Texas Rangers’ chapter 11 case

Represented NFL Properties LLC in numerous bankruptcy cases in connection with intellectual property issues

Company Experience

Represented Verso Corporation and its affiliates, a large North American producer of printing and specialty papers and pulps, as special counsel in connection with financing matters in their chapter 11 cases

Represented Hess Print Solutions, a printing company of commercial and educational materials, in a 363 sale of its assets

Represented Houghton Mifflin Harcourt Publishing Company, a leading textbook publisher, in the negotiation, filing and consummation of a prepackaged chapter 11 reorganization plan that eliminated approximately $3.1 billion in debt and $250 million in annual interest costs with the company emerging from chapter 11 in a mere 32 days

Represented Penson Worldwide, Inc., a provider of financial clearing services and related operational and technology products, in its restructuring efforts with two groups of bondholders that together were owed nearly $280 million and its subsequent liquidating chapter 11 case in Delaware, which included a sale of Penson’s operating subsidiary, Nexa Technologies, as a going-concern to a Canadian financial services cooperative

Represented Quiznos, a quick serve restaurant franchisor, in its out-of-court debt restructuring and recapitalization

Represented Mervyn’s in its chapter 11 case

Represented Fluid Routing Solutions in its chapter 11 case

Education

Brooklyn Law School – J.D., summa cum laude, 2007
Colgate University – B.A., 2005

Bar Admissions

New York
Publications
Enhancing Creditor Recovery: Should Services be Deemed “Property” for the Purpose of Fraudulent Transfer Law?, 72 Brooklyn L. Rev. 317 (Fall 2006)
Awards and Honors
The Brooklyn Law Review, Editor-in-Chief, 2006 – 2007