Stephen D. Zide represents a diverse range of clients in Chapter 11 bankruptcy cases and out-of-court corporate restructuring matters. Stephen has been involved in many of the most high-profile restructurings over the past ten years. His clients include both official and ad hoc creditor and equity committees, debtors, bondholders, investors, and secured lenders.
On the creditor side, Stephen’s work includes investigating, litigating and settling fraudulent conveyance, breach of fiduciary duty, valuation and other disputes; drafting, negotiating and litigating Chapter 11 plans; analyzing, negotiating and litigating intercreditor disputes; negotiating and litigating cash collateral orders, debtor-in-possession/exit financing and equity commitment agreements; and developing, negotiating and implementing rights offerings. Stephen also advises funds on investments in distressed and bankrupt companies with complex corporate and capital structures, including credit and indenture analysis.
Stephen’s recent creditor work includes representing the Official Committee of Unsecured Creditors in the bankruptcy cases of Toys “R” Us; funds holding more than $1.6 billion of unsecured notes in the bankruptcy of Peabody Energy Corp., the world’s largest private-sector coal company; noteholders of MBIA Insurance Corp. in connection with the issuance of $328 million of new secured notes; Luxor Capital Group LP, as the largest unsecured creditor in the bankruptcy case of RCS Capital Corp.; funds holding $120 million of municipal bonds in connection with the bankruptcy of the Revel Resort and Casino in Atlantic City; the Official Committee of Unsecured Creditors in the bankruptcy of NII Holdings Inc.
Stephen’s creditor practice is complemented by his experience representing distressed companies. Stephen’s recent debtor work includes representing Genco Shipping & Trading in its prepackaged Chapter 11 bankruptcy, which restructured approximately $1.4 billion of Genco’s debt; and General Maritime in its Chapter 11 bankruptcy filing that enabled it to emerge from bankruptcy in less than six months and eliminate $600 million of financial debt.
Stephen was named an Outstanding Young Restructuring Lawyer (one of 12) by Turnarounds & Workouts in 2015, one of M&A Advisor’s 40 Under 40 in the Legal Advisor category for 2015, one of seven Law360 Rising Stars in 2016 in the field of bankruptcy law and a Super Lawyer Rising Star for 2014 – 2017.