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Heesoo Park joined Ropes & Gray’s business restructuring group in 2022.
During law school, Heesoo served as a judicial extern to the Honorable Timothy A. Barnes for the U.S. Bankruptcy Court for the District of Northern Illinois. Heesoo also served as the research editor for the UCC Reporter-Digest, and as an oralist for the Philip C. Jessup International Moot Court Team.
Heesoo also has experience working as a law clerk for a leading Korean law firm in Seoul and serving in the Republic of Korea Army.
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 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 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.
- 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 an ad hoc group of second lien lenders of Yak Access, LLC, a provider of temporary roadways to remote construction sites, in connection with its out-of-court recapitalization and exchange transaction, which eliminated over $500 million of debt. As part of the recapitalization, holders of second lien term loans received a significant primary equity stake as well as various series of preferred stock in the recapitalized Yak.
- 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.
- Represented Tecomet, Inc., together with certain of its affiliates, in the refinancing of its approximately $1 billion capital structure, including through the provision of a new revolving credit facility and privately placed first-lien term loan. Tecomet is a global leader in the design, development, and manufacture of orthopedic, robotic assisted, and minimally invasive surgical products, as well as precision components for the aerospace and defense industry.
- Represented Vesta Holdings, LLC and certain of its subsidiaries in their chapter 11 cases in the United States Bankruptcy Court for the District of Delaware. Vesta was an insurance brokerage service provider for individual and corporate clients across the United States, primarily concentrating on property and casualty insurance offerings. During its chapter 11 cases, Vesta effectuated an all asset sale of its business and confirmed its plan of liquidation, which was supported by 100% of secured lenders and general unsecured creditors who voted on the plan.