For over 25 years, Mark has represented ad hoc lender steering committees, financial institutions, syndicate agents, credit investors and private equity firms in complex debt restructurings and insolvency proceedings in a broad range of matters and industries, including energy, mining and financial services.
He has also recently negotiated and structured a number of debt-for-equity conversions on behalf of debt investor clients which were implemented through pre-packaged and pre-arranged plans of reorganization.
Mark is ranked as a leading attorney across numerous directories including Chambers USA, The Legal 500 USA and Best Lawyers.
Prior to joining Freshfields, Mark was co-chair of the bankruptcy & restructuring group at Arnold & Porter Kaye Scholer.
- JP Morgan as administrative agent, letter of credit issuer and lender under a $930 million revolving and term credit agreement extended to Peabody Energy Corporation. The matter involved a restructuring with Revolving and Term lenders under the JPM Facility and two note issuances maturing in 2022 and 2025, respectively.
- Advising ad hoc group of term loan lenders ($1.1bn) to Cumulus Media under the $1.8bn credit facility extended to the national radio station operator in connection with opposing an exchange offer for the benefit of the senior noteholders and a potential restructuring of the term facility. The case was recognized by Turnaround & Workouts as a 2017 Top Restructuring.
- Advising the term lenders and syndicate agent in Paragon Offshore's Chapter 11 proceeding involving total term, revolver and noteholder claims of approximately $2.4bn.
- Advising the ad hoc group of term lenders in opposing the company’s proposed exchange offer and the subsequent restructuring of a $1.9bn credit facility extended to Arch Coal in a Chapter 11 proceeding pursuant to which the term lenders acquired a 90 per cent interest in the reorganized entity.
- Advising the syndicate agent and steering committee in the restructuring and ultimate payment in full of a $555m credit facility extended to Preferred Proppants, a North American mining company. The case was recognized by Turnaround & Workouts as a 2014 Top Restructuring.
- Advising the administrative agent and steering committee in the restructuring of $825m of first and second lien loans extended to Natural Products Group (NPG). NPG was voted Restructuring Deal of the Year (Large Middle Market) in 2011.
