Regina M. Castillo joined Ropes & Gray's business restructuring practice group in 2023. Her practice focuses on all aspects of corporate restructuring, bankruptcy, and insolvency proceedings, including advising public and private companies, boards, ad hoc groups, and committees in both in-court chapter 11 proceedings and out-of-court restructurings and liability management transactions. Regina’s experience spans a broad range of industries, including technology, life sciences, financial services, media & entertainment, and retail.
Regina earned her J.D. from Harvard Law School. During law school, Regina served as the executive editor for the Harvard Latin American Law Review. Additionally, Regina volunteered over 200 hours to the Harvard Human Rights Clinic, helping draft the United Nations Guiding Principles on Business and Human Rights.
Experience
- A direct-to-consumer home repair and remodel platform provider in its comprehensive out of court recapitalization that reduced the company’s funded debt obligations by over $200 million with the unanimous support of its lenders and equity sponsor.
- 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.
- Trinseo PLC and its subsidiaries in connection with a pari-plus transaction involving approximately $2.2 billion in funded debt, $300 million in new capital, extending maturities by three years, and capturing approximately $56.925 million in discount.
- Aimbridge Hospitality in connection with a comprehensive out-of-court restructuring supported by 100% of the company’s lenders that successfully converted more than $1 billion of senior and junior debt into equity and infused the company with $100 million in new capital. Aimbridge is the leading third-party hotel management company, managing over 1,000 hotels globally and employing approximately 47,000 individuals.
- Rodan + Fields, a renowned American company specializing in skincare products, in its unprecedented transaction combining a business transition from multi-level marketing into a direct-selling omni-retail business model and a recapitalization and uptier transaction that raised $75 million of new money and provided debt service and covenant relief on $550 million of secured debt.
- Exactech, Inc., and its affiliated debtors in their pending chapter 11 cases involving the restructuring of more than $350 million of prepetition debt, as well as additional prepetition liabilities; Exactech’s chapter 11 cases are 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.
- An ad hoc group of first lien lenders of American Rock Salt, the largest operating salt mine in the United States, in connection with a $110,000,000 super-priority first out term loan facility.