David Griffiths

Biography

David Griffiths
David Griffiths is a partner in the Restructuring Department of Weil’s New York office. On the company side, David regularly represents large and medium-size businesses in strategic planning, restructuring, and chapter 11 proceedings. As company counsel, David has led the chapter 11 restructuring of Speedcast International, the world’s largest global satellite provider specializing in satellite connectivity for business and enterprise satellite networks. David has been actively involved in the restructurings of Westinghouse Electric Company, CHC Group Ltd., Golfsmith, MBIA, MF Global, General Motors/Motors Liquidation Company and Uno Restaurants. On the creditor side, David represented Citibank as DIP Agent and Prepetition Revolver and Term Loan Agent in the chapter 11 cases of Global Eagle Entertainment, Apollo Global Management in providing debtor in possession financing to LATAM Airlines and HPS Investment Partners in the chapter 11 cases and acquisition of Emerge Energy Services LP. Additionally, David has significant experience representing hedge funds in all areas of domestic and international restructurings and distressed asset purchases, as well as extensive experience in crisis management, corporate governance, financings, and corporate and capital markets transactions.

David was previously seconded to KKR Credit and embedded as a desk lawyer supporting the global Special Situations team, where he covered existing portfolio investments within the Special Situations Funds, and supported new investments focused primarily on capital structure or broader market dislocation, specifically rescue financing/recapitalizations, distressed for control trades, and secondary distressed and opportunistic investments.

David has significant multi-jurisdiction experience and was previously based in Weil’s London office. He provides commercial, legal, and strategic advice on cross-border issues to clients in stressed and special situations. David has been recognized across a number of top publications, including Legal 500, American Bankruptcy Institute, The M&A Advisor, and Turnarounds & Workouts’, among others. Most recently, he was named one of the American Bankruptcy Institute’s “40 Under 40” (2021) and named an “Emerging Leader” by The M&A Advisor (2020). In 2019 David was named among Turnarounds & Workouts’ Outstanding Young Restructuring Lawyers and named a Rising Star by Law360. David is fluent in French.

David also spends a significant amount of time on pro bono and charitable activities. He worked in Haiti under the auspices of the Organization of American States on a disability rights project financed by USAID, training Haitian government ministers, civil servants, and judges on the implementation of the UN Convention on the Rights of Persons with Disabilities. David is the founder and trustee of international adventure charity Go Help. He advised the UN World Food Programme on the world's first humanitarian weather derivative transaction, and previously worked for the United Nations International Criminal Tribunal for Rwanda in Arusha, Tanzania.

Representative Experience:

Company-side Experience:

  • Scandinavian Airlines, a publicly traded airline based in Sweden in connection with its global restructuring and chapter 11 reorganization.
  • Topgolf International, Inc. in connection with its out-of-court equity recapitalization and credit agreement amendment
  • Speedcast International Limited, and its affiliates, a provider of remote communications and IT services, in their chapter 11 cases.
  • RentPath Holdings, Inc. and its affiliates, one of the nation’s largest apartment rental and digital marketing solutions companies, in connection with their prearranged chapter 11 cases and sale to CoStar, Inc.
  • Westinghouse Electric Company, and its affiliates, a globally recognized nuclear power company, in its unprecedented chapter 11 cases involving liabilities in excess of $9 billion.
  • CHC Group Ltd., a global helicopter service provider to offshore oilfield producers, operating on six continents with more than 220 aircrafts, in their chapter 11 cases, involving liabilities in excess of 1.5 billion.
  • Golfsmith International Holdings, Inc., an operator of 89 golf-focused retail stores, in connection with its chapter 11 case, including its $160 million global sale of its assets, which included a U.S. 363 bankruptcy sale, to Dick's Sporting Goods, Inc. and to several liquidators including Hilco.
  • MF Global UK Limited, in connection with our representation as Special Administrators of the UK arm of MF Global, a global financial derivatives broker, through cross-continental coordination involving teams from the US and UK.
  • General Motors/Motors Liquidation Company, in the unprecedented chapter 11 sale of the ongoing company, including all international operations.
  • Uno Restaurants Holdings Corporation and its 152 affiliated debtors, in their pre-negotiated chapter 11 bankruptcy cases. The restructuring converted $142 million in senior secured notes into a controlling equity stake in reorganized UNO held by certain of its noteholders.

Creditor-side/Other Experience:

  • Reverse Mortgage Investment Trust Inc., and its affiliated debtors, as counsel to Longbridge Financial, LLC, a potential replacement servicer, in connection with Reverse Mortgage Investment Trust Inc.’s chapter 11 cases.
  • LATAM Airlines, Latin America’s leading airline group, as counsel to Apollo Global Management and affiliated funds, Tranche B DIP Lender in connection with LATAM’s multi-tranche DIP financing totaling more than $3.1 billion in the aggregate.
  • Avadim Health, Inc., a healthcare and wellness company, which develops, manufactures, and markets topical products for institutional care and consumer markets, in connection with its chapter 11 cases, as counsel to Hayfin Services, LLP, as administrative agent, noteholder representative, collateral agent, and DIP agent, and Midava Holdings 3, Inc., as stalking horse purchaser.
  • Global Eagle Entertainment Inc., a provider of media and satellite-based connectivity solutions worldwide, in connection with its chapter 11 cases, as counsel to Citibank as DIP Agent and Prepetition Revolver and Term Loan Agent.
  • Bumble Bee Tuna, a major North American packaged foods company, in connection with its chapter 11 cases, as counsel to Brookfield as Term Loan Agent, DIP Term Loan Agent and Lenders, including the ~$1 billion sale of Bumble Bee Tuna to its largest supplier.
  • Sable Permian Resources, LLC, an independent Permian-based oil and natural gas company, in connection with its chapter 11 cases, as counsel to an ad hoc group of secured noteholders.
  • REVA Medical, Inc., a medical device company which focuses on the development and commercialization of polymer-based bioresorbable products for vascular applications, in connection with its chapter 11 case, as counsel to Goldman Sachs International, as Prepetition Secured Lender and Noteholder.
  • Emerge Energy Services LP, a major energy service provider that engages in the mining, production, and distribution of silica sand proppant for the oil and gas fracturing industry, in connection with its chapter 11 cases, as counsel to HPS Investment Partners, LLC, acting as the DIP Agent, DIP Lender, and DIP Secured Party, and ultimate owner of the Emerge Energy business.
  • MBIA Insurance Corporation, global insurance companies, in connection with the restructuring of The Renewable Power International Group, a Spanish renewable energy provider.
  • Violin Memory, Inc., in connection with its strategic planning and subsequent chapter 11 proceedings, as counsel to the ad hoc group of noteholders, including Soros Fund Management, Jefferies, Phoenix Asset Management, Nokota Management and Silverback Asset Management.
  • SandRidge Energy, Inc., in connection with the company’s strategic planning and subsequent chapter 11 proceedings, as counsel to the ad hoc group of unsecured noteholders, including Fir Tree Partners, Solus Alternative Asset Management, Paulson & Co., and Akanthos Capital Management.
  • Seventy Seven Energy, Inc., in connection with its chapter 11 case, as counsel to the ad hoc group of opco noteholders, including BlueMountain Capital Management, Axar Capital and Mudrick Capital in their acquisition of the company through a plan of reorganization.
  • Valeant Pharmaceuticals, as counsel to an ad hoc group of noteholders in connection with the company’s indenture defaults.
  • Irish Bank Resolution Corporation, in connection with its chapter 15 proceedings, as counsel to large real estate funds.

Out-of-court restructuring/Buyer of Assets in chapter 11 proceedings/First Lien Lender Experience:

  • Covis Pharma, a multinational specialty pharmaceutical company headquartered in Switzerland, as counsel to the ad hoc group of first lien lenders, in connection with Covis’ out-of-court cross-border restructuring.
  • Things Remembered, Inc., as counsel to the steering committee of term loan lenders to Things Remembered in their acquisition of the company through an out-of-court debt-to-equity conversion.
  • Berkshire Partners and portfolio company Engineering Solutions & Products, in the out-of-court restructuring of this defense company.
  • Soros Fund Management, in the bankruptcy auction for and subsequent acquisition through a plan of reorganization of Violin Memory, Inc.
  • Brookfield Asset Management, in its successful bid for Revel casino through the company’s chapter 11 auction.
  • TerraMar Capital and Trive Capital, as senior lenders to Fansteel, Inc. in the company’s chapter 11 proceedings.

Corporate & Capital Markets Experience:

  • General Electric Company, in its strategic plan to sell most of GE Capital’s assets.
  • Synchrony Financial (GE Capital’s North American retail finance business), one of the premier consumer financial services companies in the United States and the largest provider of private label credit cards in the United States based on purchase volume and receivables, in its approximately $2.95 billion initial public offering, and related $3.6 billion debt offering.

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