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Rahmon Brown joined Ropes & Gray’s business restructuring group in 2022 from another large global law firm. His practice focuses on all aspects of corporate restructuring, bankruptcy, and insolvency proceedings, including advising public and private companies, boards, financial sponsors and distressed investors in complex out-of-court liability management transactions, distressed acquisitions, and in-court chapter 11 proceedings. Rahmon helps clients navigate the stressful environment inherent with complex restructurings, working to find creative solutions in both in- and out-of-court financially distressed situations.
Prior to private practice, Rahmon clerked for Hon. John T. Dorsey in the U.S. Bankruptcy Court for the District of Delaware and Hon. Hannah L. Blumenstiel in the U.S. Bankruptcy Court for the Northern District of California. Rahmon is actively involved in various community organizations and maintains an active pro bono practice.
Experience
- Representing Hooters of America, LLC, an iconic casual dining and sports entertainment chain, and its affiliated debtors in their pending chapter 11 cases involving the restructuring of approximately $380 million of funded debt. Hooters’ chapter 11 cases are the first whole business securitization filings of their kind and are supported by $40 million of debtor-in-possession financing and a Restructuring Support Agreement with near unanimous support from its key stakeholders.
- Represented Thrive Pet Healthcare, a leading owner and operator of a national network of veterinary hospitals, in the successful completion of a transaction that will provide more than $350 million of enhanced liquidity and extend the maturities of more than $1.7 billion of existing debt obligations.
- Represented Cutera, Inc., a leading provider of aesthetic and dermatology solutions for practitioners worldwide, in prepackaged chapter 11 cases to reduce the company’s debt by nearly $400 million, or over 90%, and raise $65 million in new money from existing lenders.
- Represented SEKO Logistics, a global end-to-end logistics partner with nearly 50 years of logistics expertise and 150 offices in more than 60 countries, in its 2024 comprehensive out of court recapitalization, which was supported across SEKO’s capital structure by its key stakeholders and included significant new money investment.
- Represented TGI Friday’s Inc. and its affiliated debtors in their chapter 11 cases, including the sale of substantially all of their assets pursuant to section 363. TGI Friday’s and its affiliates own and operate a chain of casual dining restaurants throughout the country, offering classic American food and beverages.
- Represented Hearthside Foods and its affiliated debtors in their prearranged chapter 11 cases involving approximately $3.0 billion of funded debt. A leading contract manufacturer and producer of convenience foods, including baked, refrigerated, and frozen foods, sweet and salty snacks and nutrition bars, Hearthside serves as a full-service provider of food packaging services for many of the world’s premier brands and is the largest private bakery in the industry with a production network of 27 facilities powered by a skilled and dedicated workforce of approximately 12,000 employees. Hearthside’s prearranged chapter 11 plan eliminated approximately $2 billion of funded debt and provided $200 million of new money through an Equity Rights Offering and approximately $190 million of additional capital from a new asset backed loan facility. Hearthside emerged from chapter 11 with approximately $600 million of liquidity and rebranded as Maker’s Pride.
- Represented a leading platform dental services organization in an out-of-court restructuring involving the deleveraging of its approximately $900 million capital structure, including through an equitization of approximately $300 million of senior secured obligations and the provision of a $75 million new money term loan facility.
- Represented Shoes For Crews, a leading producer of non-slip shoes, in a sale to a group of its secured lenders through voluntary chapter 11 proceedings and in obtaining approximately $30 million in DIP financing from the secured lenders acquiring the business.
- Represented an ad hoc group of second lien lenders of Petmate, a supplier and manufacturer of pet products, in connection with its out-of-court restructuring of approximately $600 million of funded debt.
- Represented Juice Plus+ in the negotiation and consummation of an out-of-court restructuring transaction with the unanimous participation of the company’s lenders that reduced the company’s debt and preferred equity obligations by over $300 million, extended the maturities of its revolving credit facility and term loans by four and two years, respectively, and raised $30 million of new money from the company’s existing equity holders who retained control of the company.
- Representing iMedia Brands, Inc. and its affiliated debtors in their pending chapter 11 cases, which involve the restructuring of approximately $300 million of obligations. iMedia and its affiliates are a leading interactive media company that capitalizes on the convergence of entertainment, ecommerce, and advertising.
- Representing an ad hoc group of senior secured noteholders and convertible noteholders of Quotient Limited, a publicly-listed European-based diagnostics company, with respect to, among other things, its pending chapter 11 case and recapitalization involving more than $250 million of secured and unsecured debt.
- Represented the Official Committee of Unsecured Creditors of CarbonLite Holdings, LLC in the District of Delaware*
- Represented a European company as prepetition lender in the Chapter 11 case of Klausner Lumber One LLC and as prepetition lender and stalking horse bidder in the Chapter 11 case of Klausner Lumber Two LLC*
- Represented an aerospace company as a large unsecured creditor in the Chapter 11 cases of an aerospace component manufacturer*
- Represented a global asset manager as prepetition secured lender and DIP lender (as part of a group of lenders) in the Chapter 11 cases of a large health club chain*
*Experience prior to joining Ropes & Gray