Natalie Blanc

Natalie’s select experience includes advising/representing:

• Inotiv, Inc., a leading contract research organization specializing in nonclinical and analytical drug discovery and development services and research models, and its affiliated debtors in their packaged Chapter 11 cases involving a comprehensive recapitalization and balance sheet restructuring.
• A prospective equity investor in Thames Water, in relation to its historic restructuring proceedings
• Oriflame in connection with a comprehensive recapitalisation to deliver a substantially de-levered and sustainable balance sheet with a debt reduction of approximately €520 million and a meaningful maturity runway.
• HG Vora Capital Management and Nantahala Capital as Fossil Group’s supporting noteholders in the negotiation and implementation of an innovative exchange offer for new first-out and second-out senior secured notes due 2029 and associated incremental funding, warrants, and equity consideration, implemented by means of a single class English Part 26A restructuring plan. IFLR Europe Awards: Restructuring Deal of the Year 2026 (Shortlisted)
• Altice France S.A. and Altice France Holding S.A., a leading telecoms and media company, on their historic balance sheet restructuring involving more than €24 billion of debt, comprising term loans, senior secured notes and senior notes. IFR Awards: EMEA Restructuring Deal of the Year 2025.
• Lebara, a European telecom business, on the refinancing of the group’s capital structure, including a rights issuance.
• an ad hoc group of creditors to Intrum, a European debt collection business, with respect to a recapitalisation transaction.
• Exactech, Inc. and its affiliated debtors in their Chapter 11 cases involving the restructuring of more than $350 million of prepetition debt, as well as additional prepetition liabilities, supported by an $85 million debtor in possession credit facility and a stalking horse bid, which remains subject to higher and better offers, for substantially all of the debtors’ assets.
• Arrival, a distressed electronic vehicle manufacturer, including putting in place unique and innovative secured bridge financing and concurrent convertible bond exchange, a first in the European market, and subsequent administration.
• a special situations asset manager in relation to its investment in a global HR and outsourcing business.
• Mitsubishi UFJ Financial Group (MUFG) subsidiary, Mitsubishi UFJ Trust and Banking Corporation, on the UK aspects of its acquisition of leading Australian pension administration firm Link Group (LNK.AX) in a A$1.2 billion ($802.7 million) deal, as Japan's largest banking group continues to grow its fund administration business.
• an ad hoc group of bondholders to Convene Group in relation to its restructuring by means of a debt-to-equity transaction and subsequent recapitalization.
• a stakeholder in BritishVolt, the British automotive battery manufacturer.
• an ad hoc group of noteholders of Quotient Limited in relation to its Chapter 11 proceedings.
• FB Debt Financing Guarantor, LLC and certain of its subsidiaries, 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. M&A Advisor Turnaround Awards: Distressed M&A Deal of the Year 2024 (Over $500MM).
• Vewd Software in connection with its Chapter 11 proceedings covering its plan of reorganization, where pre-petition secured lenders exchanged their existing debt for equity in the reorganized business and provided new capital. M&A Advisor Turnaround Awards: Cross-border Restructuring Deal of the Year 2023 ($100m to $1b).
• Monarch Alternative Capital LP on a super senior term loan B facility to the Boparan group, together with Monarch Master Funding 2 S.à.r.l. as the sole purchaser in the private placement of senior secured notes.
• Output Services Group, Inc. in connection with its prepackaged Chapter 11 cases. Output Services Group is a leading provider of integrated customer communications and engagement services. The company’s plan of reorganization successfully restructured approximately $825 million of funded indebtedness through a consensual deleveraging of approximately $134 million and new money capital infusion of approximately $70 million. M&A Advisor Turnaround Awards: Information Technology Deal of the Year 2023.
• a global investment manager in its capacity as mezzanine lender in connection with the restructuring of a Hong Kong-based global satellite operator.
• Bain Capital Credit in connection with its investment in the INSPIRE Entertainment Resort in South Korea.
• Triton in relation to the €28.7 million refinancing of Cata Electrodomesticos.
• a leading Asian investment fund on a receivership appointment over an upstream oil and gas company.
• the debtors in connection with a prepackaged plan of reorganization under Chapter 11, including advising in relation to the application of an English court judgement regarding a shareholder dispute.
• a syndicate of senior secured revolving and guarantee facility lenders on the financial restructuring of a multinational heat exchange and dry cooling business.*
• the purchasers on the successful acquisition of the business and assets of a UK steel company out of compulsory liquidation and the shares or assets of certain other group entities.*
• the joint administrators of a UK retail company in the context of an administration sale.*
• a multinational retail company on various aspects of its financial and corporate restructuring, notably the implementation of a scheme of arrangement and the refinancing of several distinct divisions.*
• a credit fund on the restructuring and insolvency sales processes for a portfolio company in the pharmaceuticals sector.*
• the joint fixed charge receivers appointed with respect to the assets of a real estate portfolio holding company.*
• creditors on a variety of asset finance transactions, including in the aviation and maritime sectors*

*Completed prior to joining Ropes & Gray