Tyler Nurnberg represents distressed companies, sponsors, agents, steering groups, lenders and investment funds in restructurings throughout the US and in cross-border insolvencies, including court-supervised proceedings and out-of-court transactions. He is consistently recognized as a leading partner in “Bankruptcy & Restructuring” by Chambers USA. Most recently, in Chambers USA 2016, he was singled-out by clients as an advisor who “is very practical with a good business sense.”
Mr. Nurnberg is licensed to practice in both Illinois and New York.
Representative engagements include:
- Liberty Tire in its out-of-court restructuring. Liberty is a provider of tire recycling services in the US and Canada. The M&A Advisor recently selected Liberty Tire as its Out-of-Court Restructuring Deal of 2015 (under US$500 millions).
- 4Kids in Chapter 11 (SDNY). 4Kids managed licensing, broadcast and merchandising rights to children’s titles. The case was recognized as one of the most Successful Restructurings of 2012 by Turnarounds & Workouts.
- Global hedge fund in connection with distressed debt investment in privatized underground parking garages on Chicago’s lakefront. The lenders took possession and the hedge fund became the largest holder of debt and equity.
- Agent for lenders in “secured party” sale of 560-condo development in Washington, DC. Sale was done through a “prepack” plan confirmed in 60 days (Del).
- Agent and lenders in sale of two commercial buildings in Manhattan for US$180 million. Contested sale was completed through “prepack” plan done in 75 days (Del).
- Administrative agent to the senior lenders to Targus International, in connection with a successful foreclosure transaction that transferred ownership to the lender group.
- Largest lender in Chapter 11 filed by Ames Taping Tools, national building supplier based in Atlanta, GA. The lenders purchased the business in 363 sale (Del).
- Lender in restructuring of Capmark, originator and servicer of commercial real estate loans. Client was largest lender in syndicate owed US$5.5 billion (Del.).
- JHT Holdings, a national truck delivery service based in Pleasant Prairie, WI, in its Chapter 11. Contested plan of reorganization was confirmed in 120 days (Del).
- PDM Bridge in its out-of-court transaction. PDM fabricated steel components for bridges and was based in IL, WI and FLA. The assets were sold to a private equity firm.
- GSC Group in Chapter 11. GSC managed private equity, mezzanine loan, and distressed funds and CLOs/CDOs and at its peak had US$28 billion under management (SDNY).
- Employbridge, a national provider of staffing solutions based in Atlanta, GA, in its successful out-of-court restructuring. The business was sold to private equity firm.
- Sorema, an Italian company, in connection with its distressed investment inPerpetual Recycling Solutions. Perpetual operates a recycling facility in Indiana.
- Global private investment firm’s grocery store platform in proposed buyout of Bashas, a 120-store grocery chain in Chapter 11 (D. Ariz.).
- MAAX Corp., a bath fixture manufacturer, in its restructuring in Canada (CCAA) and the US (Chapter 15), wherein the assets were sold to a private equity firm (Del.).
- Muvico Theaters, national chain of luxury movie theaters based in Fort Lauderdale, FL, in out-of-court restructuring and sale to a private equity firm.
- Chapter 11 plan administrator in Refco, Inc. (SDNY).
- SEC-appointed trustee in successful wind-down and related litigation involving InterBank Funds, a group of failed investment funds in Washington, DC (SDNY).
- Global private investment firm in acquisition through Chapter 11 of tier one auto suppliers Colfor Mfg. and Colmach Mfg (N.D. Ohio).
Tyler writes and speaks on a variety of topics. Recent contributions include: “What’s Next? The Top Issues of 2013 and Beyond,” NACD (Sept 2012); “Case Law on ‘Ad Hoc’ Creditor Groups is Becoming Unsettled,” National Law Journal (Feb 15, 2010); “Second Circuit Affirms Assignee’s Ability to Enforce Rights Under Acquired Debt in Decision Favorable to Secondary Loan Markets,” Bloomberg Law Reports (February 5, 2010); “Delaware Investors Can’t Agree on Disclosures to Require from Investors in Ad Hoc Groups,” BRCR Alert (Feb 2010); Speaker, “DIP Financing: Emerging Legal Strategies for Debtors and Lenders,” Stafford Publications Teleconference/Webinar (October 2009); “Liabilities to Watch for After Bankruptcy,” Buyouts Magazine (July 6, 2009); “Disclosure Rules Alter Chapter 11 Hedge Fund Strategies?” The New York Law Journal (April 30, 2007); “Lender Liability Claims in the ‘Big Apple’ — If They Can Make It There, They’ll Make It Anywhere,” The Secured Lender (May/June 2006).
Mr. Nurnberg is a former law clerk to the Hon. Jack B. Schmetterer, US Bankruptcy Court for the Northern District of Illinois.
In The Market
- Kaye Scholer Practices and Attorneys Recognized by Chambers USA 2016 May 31, 2016 • Auszeichnungen
- Nurnberg Provides Insights on SCOTUS’ Recent Bankruptcy Fraud Ruling in Law360 May 17, 2016 • Schlagzeilen
- Kaye Scholer’s Liberty Tire Work Named Out-of-Court Restructuring Deal of the Year December 10, 2015 • Auszeichnungen