Rachael Foust is an associate in the Firm’s Restructuring Department and has experience in domestic and cross-border complex commercial restructuring matters. Rachael has represented major stakeholders across a variety of industries, including power, oil & gas, and aircraft leasing.
Rachael has been a member of teams representing various parties in a number of in-court and other matters, including:
Debtor/Company-Side Experience:
- Cano Health Inc., one of the largest independent primary care medical service provider groups in the United States, in its chapter 11 cases with approximately $1.5 billion in funded debt.
- Catalina Marketing Corporation, a digital media marketing company, in its prepackaged second chapter 11 cases with approximately $300 million in funded debt.
- Phymed Healthcare Group, which provided outsourced anesthesiology, pain management and critical care services to hospitals and ambulatory surgery centers in the United States, in the sale of substantially all of its assets.
- CBL & Associates Properties, Inc., one of the largest mall owners in the United States, in connection with its chapter 11 cases involving more than $4 billion in debt obligations.
- CEC Entertainment, Inc. and its affiliated debtors, an American franchisee company with iconic brands Chuck E. Cheese and Peter Piper Pizza with locations across 47 states and 16 foreign countries and territories, in their chapter 11 cases.
- PG&E Corporation and Pacific Gas and Electric Company, one of the largest combined natural gas and electric energy companies in the United States and the largest utility company in the State of California, in their chapter 11 cases. PG&E has approximately 16,000,000 customers, 24,000 employees and estimated liabilities (including contingent and disputed liabilities) in excess of $50 billion.
- Waypoint Holdings Ltd., a global helicopter leasing company, in its chapter 11 cases.
- Westinghouse Electric Company, a globally recognized nuclear power company, in its chapter 11 cases.
- Breitburn Energy Partners, L.P., in restructuring efforts related to more than $3 billion in funded debt obligations.
Creditor/Financial Institutions/Other Parties Experience:
- General Atlantic, as equity sponsor and lender in connection with the chapter 11 cases of beauty brand company FORMA Brands.
- The Official Committee of Unsecured Creditors in connection with the chapter 11 cases of Cineworld Group PLC with approximately $5.35 billion in total funded debt obligations.
- Softbank, as majority equity holder and DIP lender in the chapter 11 cases of Katerra Inc., a provider of new build, construction, and renovation services.
- Hayfin Services, LLP, as Administrative Agent, Noteholder Representative, Collateral Agent, and DIP Agent, and Midava Holdings 3, Inc., as Stalking Horse Purchaser in the chapter 11 cases of Avadim Health, Inc., a healthcare and wellness company, which develops, manufactures, and markets topical products for institutional care and consumer markets.
- Goldman Sachs International, as Prepetition Secured Lender and Noteholder in the chapter 11 case of REVA Medical, Inc., a medical device company which focuses on the development and commercialization of polymer-based bioresorbable products for vascular applications.