Andrew Glantz is an associate in the business restructuring and special situations practices in Ropes & Gray’s New York office. Andrew represents private equity funds, distressed debt and equity investors, banks, hedge funds, ad hoc creditor groups, trustees, and corporate clients in complex in- and out-of-court restructurings and related investments, distressed sale transactions, and high-stakes bankruptcy litigation matters. He has also mediated dozens of cases on a pro bono basis in New York Civil and Small Claims Court.
Andrew was recently seconded to KKR Credit where he was embedded within the global special situations investment team. On the desk, he covered existing portfolio investments within the special situations funds, supported related transactions, and advised KKR on new investment opportunities, including rescue financings, DIP and exit financings, distressed for control trades, claims sourcing and related diligence, and other distressed, event-driven and bespoke structured investments.
Andrew entered the practice of law after dedicating his early career to helping companies transform energy and environmental risks into opportunities for growth. For more than six years, he advised innovators and investors on sustainable business strategy, change management, marketing and design. He has helped clients streamline operations, develop compelling brands, and commercialize groundbreaking products—including the Chevrolet Volt. Andrew has also been widely cited for his research on the history of the British window tax.
Prior to joining Ropes & Gray, Andrew was an associate in a leading bankruptcy and financial restructuring practice at another international law firm in New York.
Select representations include:
- Elliott Management Corporation in respect of a $2.5 billion investment in FirstEnergy Corporation and the formation of a restructuring working group to advise FirstEnergy Corporation regarding the restructuring of subsidiary FirstEnergy Solutions and FirstEnergy Corporation’s transition to a fully regulated utility company.
- Elliott Management Corporation as the largest unsecured creditor in the chapter 11 restructuring of Energy Future Intermediate Holding Company LLC and its debtor affiliates in the District of Delaware.
- A consortium of investors controlled by an investment fund with over $27 billion of assets under management in connection with the acquisition and prosecution of certain claims against Westinghouse Electric Company LLC.
- Knighthead Capital Management as the holder of certain secured revenue bonds issued by Puerto Rico Electric Power Authority (PREPA).
- Behrman Capital, the prepetition private equity sponsor of Atherotech, Inc., in certain adversary proceedings arising out of Atherotech, Inc.’s chapter 7 filing in the Northern District of Alabama.
- Bain Capital LP in respect of a distressed retailer to which a portfolio company is a leading supplier in its product category.
- A distressed brand portfolio manager in connection with a multi-step refinancing and exchange transaction.
- A real-estate investor in respect of a joint venture with Toys ‘R’ Us.
- An ad hoc group of unsecured noteholders of both GenOn Energy, Inc. and GenOn Americas Generation, LLC, wholesale power generation subsidiaries of NRG Energy, Inc., in their pre-arranged chapter 11 reorganization in the Southern District of Texas.
- The Brady Campaign to Prevent Gun Violence on various pro bono matters.
- Dozens of defendant shareholders in the successful defense of multi-billion-dollar fraudulent transfer litigations arising out of the Lyondell Chemical Company chapter 11 cases in the Southern District of New York.*
- An ad hoc creditor group in a successful exit financing bid in the chapter 11 restructuring of GT Advanced Technologies Inc. in the District of New Hampshire.*
- An ad hoc group of unsecured noteholders in the chapter 11 restructuring of Energy XXI Ltd in the Southern District of Texas.*
- A prominent international law firm in respect of potential liability for its role in advising Caesars Entertainment Operating Company (CEOC) and affiliates on more than a dozen corporate transactions prior to the chapter 11 restructuring of CEOC in the Northern District of Illinois.*
- Casella Waste Systems in respect of its issuance of a series of solid waste disposal revenue bonds and a refinancing of the company’s corporate debt with a new senior secured asset-based revolving credit facility.*
- Various corporate clients in matters involving customer, supplier, and partner insolvencies.*
Representations completed prior to joining Ropes & Gray.*
- Co-author, “CDS ‘Net Short’ Holder Market Developments,” The New York Law Journal (September 20, 2019)
- JD, cum laude, Benjamin N. Cardozo School of Law of Yeshiva University, 2014; Dean’s Merit Scholar; Moot Court Honor Society (Finalist, Irving R. Kaufman Memorial Securities Law Moot Court Competition), ADR Competition Honor Society
- BA (Economic History), summa cum laude, University of Pennsylvania, 2008