Angeline Hwang is an associate in the business restructuring practice group. Her practice focuses on all aspects of corporate restructuring and bankruptcy and insolvency proceedings, including representing debtors, creditors, investors, and other parties-in-interest in complex domestic and cross-border restructurings, distressed financings, and distressed M&A transactions in both in-court and out-of-court processes. She has advised clients across a wide variety of industries, including retail, financial services, oil and gas, pharmaceuticals, restaurant chains, technology, and aircraft leasing.

Experience

Debtor/Company-Side Experience:

  • Represented LL Flooring (f/k/a Lumber Liquidators) and its affiliated debtors in their chapter 11 cases, which resulted in the sale of substantially all their assets.*
  • Represented Endo Pharmaceuticals plc and certain of its affiliated debtors in their chapter 11 cases, which involved the restructuring of over $8 billion of debt and resolution of other litigation-related claims against the companies.*
  • Represented MediaMath Holdings Inc. and its affiliates, a leading provider of digital media trading technology and services, in connection with a comprehensive, out-of-court recapitalization transaction, through which certain existing shareholders and financial stakeholders committed to invest up to $150 million through a mix of new capital and a refinancing of existing debt.*
  • Represented NPC International, Inc., America’s largest franchisee company, with over 1,600 restaurants across two iconic brands — Pizza Hut and Wendy’s — and more than 35,000 employees, and its affiliated debtors in their chapter 11 cases involving over US$900 million of funded debt.*
  • Represented Chisholm Oil and Gas Operating, LLC and its affiliated debtors, an exploration and production company focused on acquiring, developing, and producing oil and natural gas assets in the Anadarko Basin in Oklahoma, in their chapter 11 cases.*
  • Represented Ditech Holding Corporation, one of the nation’s largest mortgage servicers, and certain of its affiliated debtors in connection with their pre-arranged chapter 11 cases, involving $2 billion in debt, including residential mortgage securities funding obligations.*
  • Represented Sears Holdings Corporation and its affiliated debtors, one of the largest retail chapter 11 cases in history, to address approximately $6 billion in debt.*
  • Represented Claire’s Stores, one of the nation’s largest retailers, with more than 4,000 owned and franchised locations globally, in its prearranged restructuring efforts related to more than US$2 billion in funded debt.*
  • Represented Walter Investment Management, Inc., the fifth largest mortgage servicer in the United States, in connection with its restructuring efforts related to more than $2 billion in funded debt obligations.*

Creditor/Other Party Experience:

  • Represented Bank of America as agent under a $125 million asset-based DIP financing facility in the chapter 11 cases of Instant Brands and its affiliated debtors.*
  • Represented an ad hoc group of secured lenders to Nordic Aviation Capital, the world’s largest regional aircraft lessor, on bespoke restructuring transactions for multiple aviation financing structures implemented under pre-arranged U.S. chapter 11 proceedings, including a consensual remarketing and mortgage enforcement for certain financing arrangements.*
  • Represented equity sponsors and lenders Blackstone and Carlyle in the out-of-court recapitalization of Service King.*

*Experience prior to joining Ropes & Gray

Areas of Practice