Alex Plaia

Alex Plaia is of counsel in the New York office of Gibson, Dunn & Crutcher where she currently practices in the firm’s Business Restructuring and Reorganization, Liability Management and Special Situations, and Finance Practice Groups. Alex’s practice focuses on liability management and distressed financing transactions, including out-of-court debt exchanges and other restructurings, distressed investments, DIP financings and exit financings. She also has experience in a wide range of leveraged finance and high yield bond transactions, representing both financing sources and private equity clients and public companies.

Representative Clients and Transactions:

• Represented an ad hoc group of first lien term loan lenders in the prepackaged Chapter 11 cases and DIP-to-exit financing facility of Jo-Ann Stores, eliminating approximately $505 million in funded debt and keeping all retail stores open.
• Represented an ad hoc group of first lien lenders to AMC Entertainment Holdings in a series of liability management refinancing transactions, extending the maturity of approximately $1.6 billion in debt.
• Represented an ad hoc group of first lien lenders in the restructuring of Cano Health, converting more than $1 billion of funded debt into common stock with investors committing more than $200 million to support Cano's business plan going forward.
• Advised an ad hoc group of secured lenders to Mallinckrodt PLC in a prepackaged Chapter 11 restructuring with secured creditors and an opioid trust formed in its previous bankruptcy case.
• Advised the term lenders to Monarch Alternative Capital LP, on the financing aspects in Mohari Hospitality’s acquisition of TAO Group Hospitality.
• Represented RXR Realty in its acquisition of View Inc. following View's Chapter 11 protection and reemergence as a privately held company by investment bank Cantor Fitzgerald and RXR Realty.
• Advised an ad hoc group of term lenders in the negotiation of a restructuring, amendment, and financing transaction of debt facilities of Vyaire Medical, Inc. and certain of its affiliates and subsidiaries.
• Advised Monarch Alternative Capital LP in connection with the refinancing of existing debt of Ascent Hospitality Management LLC, the parent company of Huddle House and Perkins Restaurant & Bakery, with a $75 million first lien senior secured term loan facility.
• Represented an ad hoc group of cross-holders to Venator Materials PLC serving as DIP lenders, RSA parties, and backstop parties in the prepackaged bankruptcy cases.
• Advised Rhône Capital on the acquisition by HBC, parent company of Saks Fifth Avenue, of Neiman Marcus Group, parent company of Neiman Marcus and Bergdorf Goodman.
• Represented an ad hoc group of term lenders to ClubCorp Holdings in connection with an out-of-court debt restructuring deal, which involved an agreement with term lenders for an amend-and-extend transaction that provided maturity runway, liquidity enhancement, increased lender economics, and significant document tightening for the benefit of the ad hoc group and all other lenders.
• Represented an ad hoc group of term lenders in the $1.6 billion out-of-court debt restructuring of Aventiv Technologies, which included a super-priority first lien guaranty agreement.

Alex received her Juris Doctor from the Fordham University School of Law in 2017, where she served as an associate editor on the Intellectual Property, Media & Entertainment Law Journal, and served as Business Editor for the Dispute Resolution Society. In 2014, she graduated from Georgetown University, where she received her Bachelor of Arts in Psychology.

Capabilities

• Business Restructuring and Reorganization
• Finance
• Liability Management and Special Situations

Credentials

Education:

• Fordham University - 2017 Juris Doctor
• Georgetown University - 2014 Bachelor of Arts

Admissions:

• New York Bar