Biography
Prior to joining Weil, Chase practiced restructuring, M&A, and special situations at a major international law firm. Chase received his B.A. in Political Science from Northeastern University, his J.D., magna cum laude, from Cornell Law School, and his M.B.A. from Cornell S.C. Johnson Graduate School of Management. During law school, Chase served as a judicial extern to the Honorable Margaret Cangilos-Ruiz (ret.) for the United States Bankruptcy Court for the Northern District of New York.
Chase has been a member of teams representing debtors, ad hoc creditor groups, secured lenders, other creditors, DIP lenders, sponsors, and acquirors in both in-court restructurings and out-of-court restructuring and distressed M&A transactions across a broad range of industries including energy, manufacturing, automotive, hospitality, healthcare, real estate, entertainment, and technology, including:
Debtor/Company Experience:
- A leading provider of fiber network solutions in connection with its out-of-court recapitalization of nearly $1 billion in existing debt and over $100 million of new capital.
- Kabbage, Inc. d/b/a KServicing, and its debtor-affiliates, an online loan service provider for over $7 billion of loans issued to small businesses under the Paycheck Protection Program, in their chapter 11 cases.
- Exide Holdings, Inc. and its affiliated debtors, a global lead-acid batteries manufacturing company, in their chapter 11 cases. In just 5 months, Exide completed two going concern sale and separation transactions for its U.S. and European/Rest of World businesses (including the negotiation of long-term commercial arrangements among them) and also accomplished a first of its kind global settlement with the Department of Justice and more than 10 state regulators to resolve hundreds of millions of dollars of Exide’s historical environmental liabilities at more than 20 dormant locations.
Creditor/Lender/Acquiror/Other Experience:
- An ad hoc group of secured noteholders in the chapter 11 cases of 99 Cents Only Stores, a discount retailer.
- An ad hoc group of first lien lenders in connection with the out-of-court cross-border restructuring of Covis Pharma, a multinational specialty pharmaceutical company headquartered in Switzerland.
- Longbridge Financial, LLC, a potential replacement servicer, in connection with the chapter 11 cases of Reverse Mortgage Investment Trust Inc., and its affiliated debtors.
- American International Group, Inc., as equity holder and largest unsecured creditor owed approximately $37.5 billion, in connection with the chapter 11 case of AIG Financial Products Corp.
- HPS Investment Partners, acting as existing term lender to Envision Healthcare Corporation, one of the nation’s largest medical group management services organizations, and new first- and second-lien lender to Amsurg, the ambulatory surgery division of Envision, in connection with Envision’s out-of-court recapitalization transactions.
- The Special Master for the United States District Court for the District of Delaware in connection with enforcing judgments for billions, designing a plan for the Court supervised sale of the shares of PDV Holding, Inc., the parent Company of CITGO Holding, Inc. CITGO is one of the largest refiners, transporters, and marketers of motor fuels, petrochemicals, and other industrial products in the United States.
- Monarch Alternative Capital, as the new-money DIP lender to Eagle Hospitality Trust, and its affiliated debtors and purchaser for 11 hotels in the portfolio of Eagle Hospitality, a real estate investment trust holding diverse hotel properties in the United States.
- An ad hoc committee of secured lenders in connection with the out-of-court restructuring of Onyx Centersource, a leading provider of hospitality technology for commission payments and recovery solutions for hotels and travel agencies.