Ropes & Gray Mediates Plan of Reorganization for Cashman Equipment Corporation
Ropes & Gray business restructuring partner Jim Wilton served as mediator appointed by the U.S. Bankruptcy Court for the District of Massachusetts to assist parties in resolving objections to the Second Amended Plan of Reorganization of Cashman Equipment Corporation and its affiliates. The parties to the mediation were Cashman, twelve secured lenders who collectively hold secured debt totaling approximately $150 million, and the Official Committee of Unsecured Creditors.
Over the course of two days of mediation at Ropes & Gray’s Boston office, the parties agreed to terms for a restructuring of Cashman’s secured and unsecured debt.
The Ropes & Gray team consisted of Mr. Wilton, as mediator, and business restructuring associate Alex McGee both of the Boston office.