Sean Sheng

Sean received his J.D. from Duke University School of Law and his B.A. from Vanderbilt University.

Sean has played a role on a number of teams advising:

Debtor/Company-Side Experience:

• Steward Health Care System LLC, the largest private, physician-owned for-profit healthcare network in the United States with over $8 billion in debt obligations ($7 billion of which is in long-term lease commitments), in its chapter 11 cases.
• Core Scientific, Inc., one of the world’s largest cryptocurrency mining and hosting companies, in its successful chapter 11 cases involving approximately $1 billion in debt, which resulted in full recoveries to non-subordinated creditors and significant recoveries to equityholders.
• AMC Entertainment Holdings, Inc., the largest movie exhibition company in the United States and globally, in its successful out-of-court restructuring which included various capital raising efforts that yielded over $1.5 billion of cash and other liquidity improvements and the reduction of AMC’s debt load by more than $550 million.

Creditor/Sponsor/Other Party Experience:

• PHP Holdings, a physician network and affiliate of Prospect Medical Holdings, Inc., in connection with conflict and financing matters relating to Prospect’s chapter 11 cases and PHP Holdings’ $700 million sale to Astrana Health.
• Glencore, as the prepetition noteholder, DIP lender, and stalking horse in connection with the CCAA insolvency and chapter 15 U.S. recognition proceedings of Li-Cycle, an international battery recycler.
• An ad hoc group of secured lenders to Nordic Aviation Capital, the world’s largest regional aircraft lessor, on bespoke restructuring transactions for multiple aviation financing structures implemented under pre-arranged U.S. chapter 11 proceedings, including a consensual remarketing and mortgage enforcement for certain financing arrangements.
• ICBC Standard Bank, prepetition intermediation facility provider to Philadelphia Energy Solutions (PES) Holdings, LLC, in the PES chapter 11 cases.