Partner

Leader of New York Office Restructuring

Joaquin M. C de Baca

Restructuring

"He’s very responsive, always very accessible and available, knowledgeable, patient and a great communicator in presenting potentially complex issues in easy to understand terms."
The Legal 500

Overview

Joaquin C de Baca is head of Restructuring in the New York office. Joaquin counsels clients in connection with workouts, restructurings, and all manner of distressed areas including bankruptcy proceedings, debtor-in-possession and exit financings, litigations and international insolvency proceedings. He has negotiated restructuring transactions in an extensive scope of distressed contexts. Joaquin regularly helps clients to assess all perspectives and execute strategies to maximize value.

Experience

Some of his recent representations include:

  • Administrative agent in connection with a loan workout relating to combined cycle gas facility located in the PJM market.
  • Administrative agent, lender and hedge provider in connection with a loan to a geothermal power plant.
  • Administrative agent in connection with the restructuring of a large wind farm.
  • Senior secured lender in connection with a multi-billion dollar out-of-court restructuring of one of the nation’s largest industrial financings.
  • A major international bank, as administrative agent under a syndicated secured loan facility, in connection with the prearranged chapter 11 cases of Salem Harbor Power Development LP and certain of its affiliates, owner of a gas-fired power plant in Massachusetts.
  • A major international financial institution, a major US bank and a regional financial institution, each as administrative agent, under three separate syndicated credit facilities under which FirstEnergy Corp. and certain of its operating affiliates were borrowers and/or guarantors. We subsequently advised two major international financial institutions and a major US bank, as joint lead arrangers and administrative agents, in connection with six separate new credit facilities in the aggregate amount of $4.5 billion that replaced and refinanced the existing credit facilities.
  • Administrative agent and revolving lender group of a $1.5 billion revolving and term loan facility in the open-market debt exchange and restructuring of $2.9 billion secured and unsecured debt of The GEO Group Inc.
  • A multinational bank, as administrative agent in the restructuring of Big Village, formerly known as Engine, an innovative global advertising, technology and data company.
  • Wolverine Fuels, LLC, the nation’s largest bituminous coal producers, on the successful cross-border debt and off-take contracts restructurings resulting in more than $3 billion in projected increased revenue over the life of the various off-take.
  • A non-US broker in connection with plan enforcement issues with respect to Lehman Brothers Holdings, Inc. and its affiliated debtors.
  • An equipment finance lessor in connection with complex equipment lease assumption and claims resolution issues arising out of the Westinghouse chapter 11 proceedings.
  • A major international bank in connection with the administration of loans to a distressed hospital system.
  • A major international bank in connection with the workout and potential insolvency proceedings related to the financing of a Brazilian oil field business.

Recognition

  • Rising Star in Bankruptcy - New York Super Lawyers
  • "Health Care Services Restructuring of the Year" - Global M&A Network's Turnaround Atlas Awards
  • "Chapter 11 Reorg of the Year ($500MM to $1B)" - M&A Advisor Turnaround Awards

Education

  • Benjamin N. Cardozo School of Law, JD
     
  • University of Denver, BM, magna cum laude

Admissions

  • New York
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