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Eric Schriesheim is an associate in the business restructuring group in Chicago. Prior to joining the firm, Eric served as a judicial law clerk to the Honorable Elizabeth S. Stong of the U.S. Bankruptcy Court for the Eastern District of New York. Previously, Eric worked as a sports and entertainment industry labor relations associate at a law firm in New York.
Experience
- A leading provider of life sciences laboratory infrastructure and resources. Represented a leading provider of life sciences laboratory infrastructure and resources in an out-of-court restructuring involving the deleveraging of its capital structure, an amendment to its credit facility and the issuance of approximately $45 million of preferred equity securities.
- AccentCare. Represented AccentCare in an uptier debt exchange that resulted in near-unanimous lender participation, raised $175 million of new money capital, and extended the maturity of its existing $1.3 billion of debt by two years.
- Yellow Corporation. Represented the largest equity holder and junior DIP Lender to Yellow Corporation and its affiliates, historically one of the largest less than truckload shipping providers in the United States, in Yellow Corporation’s pending Chapter 11 cases to address approximately $1.2 billion of funded debt obligations, multiemployer pension liabilities, liquidating sale transactions, and wind-down of all operations.
- Tecomet, Inc. Represented Tecomet, Inc., together with certain of its affiliates, in the refinancing of its approximately $1 billion capital structure, including through the provision of a new revolving credit facility and privately placed first-lien term loan. Tecomet is a global leader in the design, development, and manufacture of orthopedic, robotic assisted, and minimally invasive surgical products, as well as precision components for the aerospace and defense industry.
- Instant Brands Holdings Inc. Represented an ad hoc group of first lien lenders to Instant Brands Holdings Inc. in connection with their $390 million prepetition term loans and the provision of a $132.5 million debtor-in-possession financing.
- FB Debt Financing Guarantor, LLC. Representing FB Debt Financing Guarantor, LLC and certain of its subsidiaries (“Forma Brands”), a builder of top beauty brands including Morphe®, Morphe 2®, Jaclyn Cosmetics®, and Born Dreamer®, in their Chapter 11 cases to address approximately $870 million of funded indebtedness, facilitate a going-concern 363 sale transaction for substantially all assets, and resolve numerous complex licensing and potential litigation issues.