Christopher Pavlovich

• Exactech, Inc. — Representation of 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.
• Prima® Wawona — Representation of Prima® Wawona and certain of its affiliates (“Prima®”), which was, at the time, the largest stone fruit producer in the United States, in their Chapter 11 cases.  Prima® entered Chapter 11 to address its approximately $1 billion total debt load and consummated an equitization transaction that transitioned ownership of Prima®’s real estate owning entity to one subset of its secured lenders and the ownership of its operating assets to a liquidating trust for the benefit of its another subset of its secured lenders.*
• Bed Bath & Beyond, Inc. — Representation of Bed Bath & Beyond, Inc. and 73 of its affiliates in their Chapter 11 cases. Bed Bath & Beyond was the largest home goods retailer in the United States, offering everything from bed linens to cookware to home organization, baby care, and more. Through its Chapter 11 case, Bed Bath & Beyond conducted an orderly and value-maximizing wind down of its business, while simultaneously marketing a sale of all or part of the business.*
• Dunn Paper Holdings, LLC — Representation of Dunn Paper Holdings, LLC and its affiliates and subsidiaries in connection with an out-of-court restructuring by which an ad hoc group of first lien lenders, comprising all of the company’s approximately $380 million of funded debt.*
• Altera Infrastructure L.P. — Represented Altera Infrastructure L.P. and certain of its affiliates (“Altera”), a leading international midstream services provider to the oil and gas industry. Altera supplies critical infrastructure assets to its customers primarily in offshore regions of the North Sea, Brazil, and the East Coast of Canada. Altera filed for Chapter 11 with a restructuring support agreement (“RSA”) which contemplated among other things, addressing more than $1 billion of secured and unsecured holding company debt, $400 million of preferred equity, and $550 million of secured asset-level bank debt, and a comprehensive reprofiling of Altera’s bank loan facilities to better align cash flow with debt service obligations.*
• Seadrill Limited (Second Restructuring) — Represented Seadrill Limited and certain of its direct and indirect subsidiaries in their multi-jurisdictional restructuring of approximately $6.1 billion of funded debt. Seadrill's Chapter 11 cases, one of the largest filings of 2021, equitized approximately $4.9 billion of secured debt across twelve silos and facilitated a capital investment of $350 million, enabling Seadrill to continue to operate its modern fleet of drilling units.*
• Belk, Inc. — Belk emerged from Chapter 11 on February 24, 2021, just 21 hours after filing for Chapter 11. Belk was the nation’s largest private department store chain with 291 stores located throughout the southeastern United States. Pursuant to the prepackaged Chapter 11 plan of reorganization, Belk kept all of its store locations open and pay all suppliers, landlords, and its 17,000 employees in full. As a result of the restructuring, Belk received $225 million of new capital and reduced its debt load by approximately $450 million.*

*Experience prior to joining Ropes & Gray