Turnaround & Workouts Recognizes WilmerHale for Restructuring Success

Turnaround & Workouts Recognizes WilmerHale for Restructuring Success

Client News

Turnaround & Workouts recently recognized WilmerHale for the firm’s work on the restructuring of iQor Holdings, Inc. in the publication’s “Successful Restructurings of 2020” report.

As noted by the publication, iQor Holdings, Inc. began its Chapter 11 cases with a plan of reorganization supported by creditors. iQor eliminated about $500M in funded debt obligations, obtained $175M in exit financing, and left general unsecured creditors unimpaired. WilmerHale served as counsel to Wilmington Savings Fund Society, FSB, the agent on iQor’s pre-petition first lien and super-priority term loan facilities, debtor-in-possession term loan facility, and exit financing term loan facility. 

The WilmerHale team representing Wilmington Savings Fund Society included Andrew Goldman, Benjamin Loveland and Nathan Moore

 

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