Global law firm Greenberg Traurig, LLP will receive the “Refinancing Deal of the Year” honor at the M&A Advisor’s 13th Annual Turnaround Awards Gala for the firm’s role in the restructuring of the Lombard Public Facilities Corporation (LPFC). Greenberg Traurig will accept the award at the event, March 28, 2019, in Palm Beach, FL.
The 13th Annual M&A Advisor Turnaround Awards, according to its website, will recognize the leading distressed M&A transactions, restructuring, refinancing, products and services, firms, and professionals in the United States and international markets.
Greenberg Traurig represented ACA Financial Guaranty in the Chapter 11 case of Illinois non-profit LPFC, which owns the Westin Lombard Yorktown Center hotel in Lombard, IL. Seven months after commencing a Chapter 11 bankruptcy case, LPFC confirmed its plan of reorganization, which restructured over $250 million of bond debt, recapitalized the hotel, and preserved 300 jobs.
The Greenberg Traurig team was led by Nancy A. Peterman (Restructuring & Bankruptcy) and included shareholders Warren S. Bloom (Public Finance), Kevin D. Finger (Litigation and Restructuring & Bankruptcy), Rebecca L. Harrigal (Tax), Nelson F. Migdal (Hospitality), Michael L. Lehr (Tax), Vanessa Albert Lowry (Tax); of counsel Kevin P. Ray (Restructuring & Bankruptcy); and associates Nicholas N. Palmer (Hospitality), Leo Muchnik (Restructuring & Bankruptcy), and Alexander L. Scarola (Public Finance).