Scott Greissman
Biography
Overview
Scott Greissman is a partner in the New York office of White & Case's Financial Restructuring and Insolvency Practice.
Scott advises clients on a wide range of financial structuring and insolvency matters.
Scott focuses on representing sponsors, investors, secured creditors, unsecured creditors and companies in large out-of-court workouts, distressed acquisitions and chapter 11 proceedings. In addition, Scott offers clients the benefit of his knowledge and experience negotiating and documenting distressed and nontraditional financing transactions.
Scott is recognized as a leading bankruptcy and restructuring lawyer by Chambers USA.
After graduating from law school, Scott gained valuable experience serving as law clerk to the Honorable Jerome Feller, United States Bankruptcy Judge for the Eastern District of New York.
Experience
Recent Representative Sponsor / Investor / Company Experience
Represent privately owned oil and gas, real estate, technology and contracting enterprise restructuring over US$2 billion of senior, mezzanine and project level indebtedness.
Represent primary investor in the cross-border liquidation of electric vehicle manufacturer Fisker Inc. and its subsidiaries.
Represented global pure-play renewable energy company Mainstream Renewable Power in the cross-border restructuring of US$1.5 billion in liabilities which resolved insolvency proceedings and related litigation in the US, Chile, Ireland and Spain.
Represented investor on the acquisition of RVL Pharmaceuticals, Inc. and its subsidiary through a prepackaged chapter 11.
Represented investor providing US$900 million DIP financing in the chapter 11 cases of Yellow Corporation and its affiliates.
Recent Representative Coordinating Committee / Ad Hoc Group Experience
Represented 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 the 2021 chapter 11 cases of Seadrill Ltd. and its affiliates.
Represented an ad hoc group of term loan lenders in the chapter 11 cases of Venator Materials PLC and its affiliates.
Represented ad hoc group of holders of US$650 million Ship Mortgage Notes in the chapter 11 cases of Navios Maritime Holdings and its affiliates.
Represented the coordinating committee of agent banks and export credit agencies representing holders of more than US$7.4 billion of senior secured indebtedness across 13 credit facilities in the 2017/18 chapter 11 cases of Seadrill Ltd. and its affiliates.
Represented the coordinating committee of senior secured lenders to TORM A/S in the out-of-court restructuring of approximately US$1.8 billion of TORM's senior secured indebtedness.
Represented an ad hoc group of term loan lenders in the chapter 11 cases of Nautical Solutions, LLC.
Represented the ad hoc committee of revolving credit facility lenders in the chapter 11 cases of the Pacific Drilling Group.
Represented the coordinating committee of senior agents and lenders in connection with the chapter 11 reorganization of General Maritime Corporation, including the restructuring of US$1.385 billion of senior secured indebtedness and a US$75 million debtor-in-possession financing facility.
Recent Representative Senior Agent / Secured Creditor Experience
Represented the agent and existing term loan lenders in connection with restructuring of $700 million of term loan obligations pursuant to an English scheme of arrangement proposed by Petroserv Marine Inc. and sanctioned in June 2022.
Represented prepetition administrative agent, bridge facility arranger, and Steering Committee member in connection with liquidation of Prima Wawona’s (MVK FarmCo LLC) and its affiliates in chapter 11.
Represented administrative agent and revolving lenders under a US$2.9 billion credit facility in the 2022 chapter 11 cases of Mallinckrodt plc and its affiliates.
Represented the senior secured lenders in connection with the 2020 out of court restructuring of a US$1.7 billion loan facility to Petroserv Marine Inc.
Represented administrative agent and revolving lenders under a US$900 million asset-based revolving credit facility in the chapter 11 cases of Neiman Marcus Group and its affiliates.
Represented agent, arranger and lenders under US$850 million debtor-in-possession revolving credit facility and related securitization facilities in the chapter 11 cases of Dean Foods Company and its affiliates.
Represented secured lenders in out of court restructuring of Borr Drilling Limited's US$450 million and US$100 million bank facilities.
Represented senior lenders in the out of court restructuring and refinancing of a US$805 million revolving credit facility to dry-bulk and gas shipping company General Ore.
Represented arrangers in respect of US$900 million debtor-in-possession and prepetition senior secured financing in the SunEdison chapter 11 cases.
Represented agent for senior lenders holding over US$500 million of secured loans in the out-of-court restructuring and chapter 11 proceeding of Primorsk International Shipping Ltd.
Band 4: Bankruptcy/Restructuring – New York, Chambers USA 2024
Cross Border Restructuring of the Year in relation to the reorganization and recapitalization of Venator Materials PLC, The M&A Advisor 18th Annual Turnaround Awards, 2024
Recognized in Lawdragon 500 Leading U.S. Bankruptcy and Restructuring Lawyers 2022, 2023
Restructuring of the Year in relation to the Seadrill restructuring, The M&A Advisor 17th Annual Turnaround Awards, 2023
Global Legal Awards – Finance, Seadrill Ltd.'s multibillion-dollar restructuring, American Lawyer Industry Awards, 2020. The American Lawyer reported that the transaction was "the largest such restructuring ever in the sector."
International Company Turnaround of the Year – Seadrill, Turnaround Management Association Awards, 2019