Kurt A. Mayr is the leader of the firm’s bankruptcy and restructuring practice. Kurt represents creditors, debtors, acquirers, and other interested parties in transactions both out of court and under court supervision. A significant portion of his practice involves representing creditors in complex restructurings, including senior bank lenders, ad hoc noteholder groups, and official creditor committees. Kurt has represented creditor groups in ground-breaking tribal gaming workouts, as well as in the current restructuring of the debt obligations of the Commonwealth of Puerto Rico.
He has experience advising second lien investors on how to navigate the challenges of their intercreditor agreement to protect second lien rights and maximize recoveries. He regularly advises individual investment fund clients regarding restructuring/litigation strategies for distressed/special situation opportunities. Kurt also has successfully represented domestic and foreign debtors in highly contested and litigated restructuring proceedings.
Before joining Morgan Lewis, Kurt was the leader of the financial restructuring practice and served as the Hartford office managing partner for a major international law firm.
Represent QTCB Noteholder Group in the PROMESA proceedings regarding the $120 billion restructuring of the Commonwealth of Puerto Rico and its instrumentalities
Advised a multi-billion dollar private equity fund regarding out-of-court restructuring of a troubled portfolio company
Advised a private equity advisor regarding Chapter 11 reorganization of EXCO Resources, including significant litigation regarding pre-petition transactions by the official committee
Represented Optim Energy LLC as debtor in Chapter 11 proceedings, including the successful 363 sale of the Twin Oaks Plant to a unit of Blackstone Group and the confirmation of a plan of reorganization for the debtors’ other remaining power generation business
Advised a major international bank as agent for a first lien facility, DIP facility, and exit financing in connection with the restructuring of more than $1.4 billion of debt in the Chapter 11 cases of Penn Virginia
Represented Warren Resources as second lien lender in the Chapter 11 proceeding of Warren Resources, an oil and gas business with $550 million of funded debt
Represented Ahern Rentals Inc. second lien noteholder group in Chapter 11 proceedings that resulted in a full recovery for the noteholders after the court agreed to terminate Ahern’s exclusive right to file a plan of reorganization
Advised Foxwoods Casino noteholder group in groundbreaking $2.2 billion restructuring of the tribal-owned casino
Advised investment funds in the restructuring the debt of the Commonwealth of Puerto Rico and its agencies
Represented Mohegan Sun Casino noteholder group on three tranches of bonds in the $1.5 billion recapitalization of the tribal-owned casino
Represented Trico Marine second lien noteholder group on notes issued by Trico in connection with its Chapter 11 cases
Advised CCS Medical second lien lenders in Chapter 11 cases of CCS Medical and its subsidiaries
Advised an investment fund in its proposed multibillion dollar out-of-court restructuring
Represented a major international bank in the restructuring of monoline insurer SCA/Syncora
Represented a major international bank in connection with New York Yankees parking garage operations and financial restructuring
Advised Vertis second lien noteholder group in the pre-packaged Chapter 11 case of Vertis and its subsidiaries
Advised Abitibi Consolidated noteholder group in the out-of-court restructuring of Abitibi
Advised Dura Automotive second lien lenders in the Chapter 11 restructuring of Dura
Represented Bowater Inc. noteholder group in out-of-court restructuring efforts and Chapter 11 cases of Bowater
Represented a major international bank in the out-of-court restructuring of monoline insurer CIFG and its affiliates
Advised Unisys noteholder group in the out-of-court recapitalization of Unysis
Advised TOUSA second lien lenders in the Chapter 11 cases of TOUSA and its subsidiaries
Advised Tembec Industries noteholder group in the restructuring of Tembec pursuant to Canadian law
Villanova University School of Law, 1998, J.D., summa cum laude
University of Vermont, 1994, B.A.
Clerkship to Judge Walter K. Stapleton of the US Court of Appeals for the Third Circuit
Awards and Affiliations
Recognized, Corporate Restructuring, The Legal 500 US (2009, 2011, 2013–2019)