Andrea Amulic

Associate, New York

Biography

Overview

Andrea is an associate in the Financial Restructuring and Insolvency Practice at White & Case in New York. Her practice focuses on bankruptcy and financial restructuring matters, including representation of debtors, creditors, purchasers and other interested parties in international insolvency proceedings, Chapter 11 and bankruptcies, out-of-court workouts and related transactions.

Bars and Courts
New York
Education
JD
University of Michigan Law School
BA
Connecticut College
Languages
English
Serbo-Croatian

Experience

Restructuring of rental car company Hertz, 2020-2023
Represented Hertz Global Holdings, Inc. and certain affiliates in their chapter 11 cases and global restructuring matters. Hertz completed its successful chapter 11 restructuring and its plan of reorganization became effective on June 30, 2021. This representation is one of the highest profile restructurings arising from the COVID-19 pandemic and one of the most successful chapter 11 and international reorganizations in recent history. W&C continues to represent Hertz in connection with ongoing make-whole litigation pending in the Third Circuit.

Restructuring of cryptocurrency exchange Celsius, 2022-2023
Representing the Official Committee of Unsecured Creditors in the Chapter 11 case of Celsius Network LLC in the United States Bankruptcy Court for the Southern District of New York, acting as the fiduciary for 1.7 million account users that used the Celsius platform before its bankruptcy filing.

Out of court refinancing of transportation company Luminator, 2022
Representation of one of the largest credit-oriented alternative asset managers in connection with the Thirteenth Amendment to the Luminator Technology Group Credit Agreement. Certain of the client's funds own a majority interest in Luminator Technology Group, LLC and the Thirteenth Amendment provided the company with additional term loans for liquidity purposes.

Restructuring of technology company Riverbed, 2021
Representation of an ad hoc group of lenders in connection with the subscription for preferred stock and a $900m senior secured exit financing in connection with the recapitalization of Riverbed|Aternity by way of Delaware Chapter 11 proceedings.

Restructuring of offshore oil drilling company Seadrill, 2021
Seadrill II involved the representation of the coordinating committee of agent banks and export credit agencies representing holders of US$5.6 billion of senior secured indebtedness across 12 credit facilities in connection with the restructuring of the liabilities and obligations of Seadrill Ltd., and its affiliates. The result of that restructuring provided a significant structural improvement for senior lenders, the negotiation of settlements that attracted more than US$1 billion of new capital, and the re-profiling of Seadrill's capital structure.

Restructuring of offshore oil drilling company Seadrill, 2018
Represented the coordinating committee of facility agents and export credit agencies representing holders of more than US$7.4 billion of senior secured indebtedness across 13 credit facilities in the restructuring of the liabilities and obligations of Seadrill Limited, one of the world's largest offshore oil drilling companies, through Chapter 11 proceedings and a Bermuda scheme of arrangement.

Restructuring of oil and gas company Constellation, 2019
Represented Constellation Oil Services Holding S.A., provider of oil and gas contract drilling and production services in Brazil, in its restructuring of approximately US$1.5 billion of debt under project financing and working capital facilities and senior secured and unsecured notes through insolvency proceedings in Brazil and the British Virgin Islands and recognition proceedings under Chapter 15 in the United States.

Restructuring of communications company iHeart, 2018
Represented ad hoc group of holders of, and indenture trustee for, unsecured legacy bonds in the Chapter 11 cases of iHeart Communications Inc., a diversified media and entertainment business.

Purchase of maritime loan portfolio, 2019
Represented Cross Ocean Partners and Fortress in acquisition of maritime loan portfolio.

Restructuring of healthcare company Trident, 2019
Represented ad hoc group of holders of, and agent for, first lien loans in the Chapter 11 cases of Trident Holding Company, a medical diagnostics company.

Refinancing of senior facilities in connection with sale of UP Offshore, 2018
Advised a group of lenders on the refinancing of the US$70 million facilities of UP Offshore (Bahamas) Limited, an offshore support vessel services provider, in connection with its acquisition by MEXMAR Offshore International LLC.

Publications

October 2017, Humanizing the Corporation While Dehumanizing the Individual: The Misuse of Deferred-Prosecution Agreements in the United States, 116 Mich. L. Rev. 123