Profil
Nancy A. Peterman is Chair of the Chicago Restructuring & Bankruptcy Practice. She focuses her practice on complex corporate restructurings and M&A transactions involving distressed companies. Nancy represents private equity funds, debtors, sellers, purchasers, investor groups, and creditors in these matters. Nancy has deep experience in health care restructuring.
Concentrations
- Corporate restructurings
- Distressed mergers and acquisitions
- Special situations and distressed transactions
- Health law
Kompetencje
Doświadczenie
- Represented American Addiction Centers (AAC Holdings, Inc.) regarding its options for effectuating a financial restructuring. As a result, AAC emerged from Chapter 11 with a significantly improved balance sheet, reducing the company’s secured debt and preserving its 2,000 employees.
- Represented a not-for-profit entity that operated nursing homes and independent living facilities in a multi-year out-of-court restructuring, resulting in an initial pay down and subsequent refinancing of its tax-exempt bond debt. The restructuring involved multiple sales and an affiliation agreement with another non-profit for the balance of its assets.
- Represented YouFit Health Clubs, LLC and several affiliates, operator of a chain of fitness centers, in its Chapter 11 case and subsequent 363 sale.
- Represented Last Call Guarantor LLC and several affiliates, the owners of the Fox & Hound and Champps Kitchen & Bar restaurant chains, in its Chapter 11 case and subsequent 363 sale.
- Represented ShengdaTech, Inc., a manufacturer of a specialty additive known as nano-precipitated calcium carbonate, in its Chapter 11 case. The company was created through a reverse merger of five Chinese manufacturing companies into a U.S. public company shell.
- Represented William Yung and Tropicana Casinos & Resorts, Inc., the 100 percent equity holders of Tropicana Entertainment, LLC, in its Chapter 11 case involving the restructuring of more than $2 billion in debt.
- Represented Schutt Sports, Inc., a sports equipment company, in its Chapter 11 case.
- Represented Wickes Furniture Company, Inc., a Chicago-based retail furniture company, in its Chapter 11 case.
- Represented PPM Technologies, Inc., a food equipment manufacturer, in its Chapter 11 case.
- Represented Mestek, Inc. in the Chapter 11 case of its second-tier subsidiary, Met-Coil Systems, LLC. As part of this Chapter 11 case, millions of dollars of alleged toxic tort liability were settled.
- Represented ACA Financial Guaranty Corporation in connection with the Chapter 11 case of the Lombard Public Facilities Corporation, an Illinois non-profit corporation which owns the Westin Lombard Yorktown Center.
- Represented Versa Capital Management in its acquisition of The Wet Seal, Inc., a young women's clothing retailer, pursuant to Section 363 of the Bankruptcy Code.
- Represented Bellus ALC Investments 1 in connection with the out-of-court restructuring of American Laser Centers, a laser hair removal clinic with more than 100 locations across the United States, and the subsequent Chapter 11 case of American Laser Centers, resulting in Bellus' acquisition of the ALC business in a sale pursuant to Section 363 of the Bankruptcy Code.
- Represented Barclays Bank PLC as Agent and a Steering Committee of Secured Lenders under a First Lien Credit Agreement in the Chapter 11 cases of LandSource Communities Development LLC. More than $1.2 billion in debt was restructured and $280 million of new capital was raised in connection with this reorganization which was implemented through a plan proposed and implemented by Barclays Bank PLC, as Agent.
- Represented a consortium that bid on the right to serve as the equity sponsor for the Extended Stay Hotels, Inc. plan of reorganization.
- Represented the Official Committee of Unsecured Creditors in the Chapter 11 case of Hospital Acquisition LLC (aka LifeCare Holdings, LLC).
- Represented the Official Committee of Unsecured Creditors in the Chapter 11 cases of Senior Care Centers, LLC.
- Represented the Official Committee of Non-Insider Equity Holders of Erie Street Investors, LLC.
- Represented as co-counsel of the Official Committee of Unsecured Creditors in the Chapter 11 case of AgFeed USA, LLC and its affiliates.
- Represented the Official Committee of Unsecured Creditors in the Chapter 11 cases of Sears Methodist Retirement System, Inc.
- Represented the Official Committee of Unsecured Creditors in the Chapter 11 case of ethanol producer Renew Energy LLC.
- Represented the Official Committee of Unsecured Creditors in the Chapter 11 case of Chesapeake Corporation, an international packaging manufacturer.
- Represented the Official Committee of Unsecured Creditors in the Chapter 11 case of Michael Reese Medical Center Corporation.
- Represented the Official Committee of Unsecured Creditors and Post-Consummation Trust in Chapter 11 cases of Conseco Finance Company.
- Represented the Official Committee of Unsecured Creditors in FPA Medical Management, the nation's largest physician practice management Chapter 11 case, involving 7900 physicians and 1.4 million HMO enrollees in 29 states. The bankruptcy case concluded with a confirmed plan of reorganization allowing for the sale of the companies after nearly one year of negotiations.
- Represented landlords in connection with receivership involving Oak Health and Rehabilitation Centers Inc. and its affiliates, operators of 22 senior living facilities. As part of the litigation, the landlords sought and obtained the appointment of a receiver to oversee the operations of the nursing homes and to facilitate transition of operations to new operators.
- Represent SAK Management-Ohio, LLC, as receiver for a group of skilled nursing facilities located in Ohio, which facilities were operated for several months and ultimately sold at an aggregate gross sale price of $79.5 million.
- Represented Long Hill at Rosewood LLC, as receiver for 13 skilled nursing facilities, which facilities were operated for over a year during the receivership and ultimately transitioned to a new operator.
- Assisted in drafting the health care bankruptcy provisions of Public Law No. 109-8 (the 2005 amendments to the Bankruptcy Code)
- Assistant Editor, West's Norton Bankruptcy Law & Practice Treatise
- Former Co-Editor in Chief, Wiley Bankruptcy Law Update
Sukcesy i wyróżnienia
- Listed, The Best Lawyers in America
- "Lawyer of the Year," Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law, Chicago, 2023
- Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law, 2007-2024
- Health Care Law, 2022-2024
- Listed, Chambers USA Guide, 2006-2023
- Listed, Super Lawyers magazine, Illinois Super Lawyers, 2005-2024
- Listed, “The Top 10 Lawyers in Illinois,” 2023-2024
- Listed, “The Top 100 Lawyers in Illinois,” 2015-2020, 2023-2024
- Listed, “Top 50 Female Lawyers in Illinois,” 2005, 2007, 2009-2020, 2023-2024
- Listed, Leading Lawyers Network, 2006-2024
- Listed, “Among the Top 10 Commercial Bankruptcy Lawyers in Illinois,” 2014, 2018
- Listed, Lawdragon 500, "Leading U.S. Bankruptcy & Restructuring Lawyers," 2022
- Listed, Lawdragon 500,"Leading Global Bankruptcy & Restructuring Lawyers," 2020
- Listed, The Legal 500 United States, Finance > Restructuring (Including Bankruptcy): Corporate, "Other Key Lawyer," 2022
- Member, Winning Team, TMA Chicago/Midwest Awards, “Small Transaction of the Year” for Premier Health Care Management, Inc., 2022
- Member, Winning Team, Turnaround Management Association, “TMA Annual Turnaround/Transaction of the Year Award,” 2021
- Member, Winning Team, The M&A Advisor Turnaround Awards, “Restructuring of the Year ($500 MM - $1B),” for the restructuring of American Addiction Centers, 2021
- Fellow, American College of Bankruptcy
- Named, “Top 100: Restructuring & Turnaround Professionals,” Global M&A Network’s Turnaround Atlas Awards, 2014
- Recipient, Seventh Circuit Bar Association’s Pro Bono & Public Interest Service Award, 2014
- Selected, “Restructuring Lawyer of the Year - Middle Markets,” Global M&A Network’s Turnaround Atlas Awards, 2013
- Board Certified, Business Bankruptcy Law, American Board of Certification
- Member, teams working on deals that received the following awards:
- Global M&A Network’s Turnaround Atlas Awards
- “Chapter 11 Restructuring of the Year (Mid-Markets)” for Senior Care Centers, 2021
- “Chapter 11 Restructuring, Mid-Market Segments (100-250)” for Lombard Public Facilities Corporation, 2019
- “Consumer Services Restructuring of the Year” for Last Call Guarantor, LLC, 2017
- “Private Equity Turnaround of the Year – Middle Markets,” for The Wet Seal, Inc., 2016
- “Cross Border Special Situation M&A Deal of the Year" for AgFeed Industries, 2014
- “Insolvency Deal of the Year – Middle Markets,” for ShengdaTech, Inc., 2013
- “Private Equity Turnaround of the Year” for American Laser Skincare LLC, 2012
- TMA Chicago/Midwest Awards Program, “Small Transaction of the Year” for Lombard Public Facilities Corporation, 2018
- M&A Advisor’s Turnaround Awards
- “Refinancing Deal of the Year” for Lombard Public Facilities Corporation, 2019
- “Sec. 363 Sale of the Year ($25MM to $100MM)” for Last Call Guarantor, LLC, 2017
- “Chapter 11 Reorganization of the Year (Under $500MM)” for The Wet Seal, Inc., 2016
- M&A Advisor Awards, “Retail Manufacturing and Distribution Deal of the Year” for The Wet Seal, Inc., 2015
- Global M&A Network’s Turnaround Atlas Awards
- Member, Bankruptcy Court Rules Advisory Committee, U.S. Bankruptcy Court for the Northern District of Illinois
- HFS Chicago Scholars
- Executive Committee
- Board of Directors
- Co-Chair, Governance Committee
- American Bankruptcy Institute
- Former Member, Board of Directors
- Former Member, Executive Committee
- Former Co-Chair, High Tech and Telecom Committee
- Former Co-Chair, Committee on Health Care Insolvency
- Former Chair, Chicago Bar Association's Bankruptcy & Reorganization Committee
- Former President and Former Board Member, Women's Health Executive Network
Kwalifikacje
Wykształcenie
- J.D., University of Michigan Law School
- B.A., University of Michigan
Posiadane uprawnienia
- Illinois
- New York
- U.S. District Court for the Northern District of Illinois