Veronica Bonhamgregory is of counsel in the Dallas office of Gibson Dunn where she currently practices in the firm’s Business Restructuring and Reorganization, Liability Management and Special Situations, and Finance Practice Groups. Veronica’s practice focuses on liability management and other special situation 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 transactions, representing private equity and portfolio companies.
Representative Clients and Transactions*
Distressed and Restructuring
- An ad hoc group of lenders and term loan DIP lenders in the chapter 11 cases of Ascend Performance Materials Holdings Inc. Ascend commenced bankruptcy proceedings in the U.S. Bankruptcy Court for the Southern District of Texas and received approval to incur approx. $900M in DIP Financing. During the proceedings, Ascend will address its over $2 billion funded debt obligations and pursue a comprehensive deleveraging transaction.
- Basic Energy Services, Inc. (a publicly traded company backed by Ascribe Capital) in a senior secured debtor-in-possession term facility to finance business operations during its chapter 11 bankruptcy proceedings and subsequently the sale of substantially all of its assets.
- Breitburn Energy Partners LP in the continuation of its $390 million prepetition revolving facility and its $10 million reserve-based term loan to finance operations following its bankruptcy proceedings.
- Citi, as administrative agent, lead arranger and bookrunner, in $975 million first lien term and revolving exit facilities for Vanguard Natural Gas, LLC (n/k/a Vanguard Natural Resources, Inc.), to finance operations following its bankruptcy proceedings.
- Fieldwood Energy LLC (n/k/a QuarterNorth Energy Holding Inc.) (a portfolio company of Riverstone Holdings) in its $60 million senior secured debtor-in-possession facility to provide liquidity during its prepackaged chapter 11 bankruptcy proceedings; a $100 million senior secured debtor-in-possession facility to finance business operations during its chapter 11 bankruptcy proceedings; $1.8 billion amended and restated first and second lien facilities to finance operations upon its exit from bankruptcy proceedings; and $119 million first lien exit term, $185 million second lien exit term and $200 million senior secured revolving facilities to finance its business operations upon emerging from chapter 11 bankruptcy proceedings and to refinance existing indebtedness.
- Mobileum (a portfolio company of H.I.G. Capital) in its $169 million senior secured debtor-in-possession term loan facility, including $50 million of new money and a partial roll-up of prepetition debt and its $160 million senior secured term loan facility.
- Onyx Centersource, in connection with the representation of an ad hoc committee of secured lenders in 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
- Software Luxembourg Holding S.A. in $520 million first and second lien exit facilities to finance business operations upon emerging from its chapter 11 bankruptcy proceedings.
Leveraged Finance
- CraftWorks Restaurants & Breweries, Inc. (a portfolio company of Centerbridge Partners) in first and second lien term and letter of credit facilities to finance CraftWorks' acquisition of Logan’s and refinance existing indebtedness.
- Culligan International Company (a portfolio company of Advent International) in $430 million first and second lien term facilities to finance its acquisition of ZIP Industries (Aust.) Pty Limited and an incremental senior secured facility to finance its acquisition of TWH Filtration Industries, Inc. including its principal subsidiary Paragon Water Systems Inc.
- Cava Group, Inc., in its senior secured revolving facility.
- Kendra Scott, LLC (a portfolio company of Berkshire Partners) in amended and extended senior secured credit facilities.
- KIK Custom Products, Inc. (a portfolio company of Centerbridge Partners) in its amended $900 million senior secured term facility to refinance existing indebtedness and an amended $275 million ABL revolving facility, to extend the maturity of the initial commitments.
- PQ Corporation (a portfolio company of CCMP Capital Advisors) in $200 million asset-based revolver and $1.2 billion senior secured multicurrency term facility to finance the reorganization and combination of PQ and Eco Group Services Holdings LLC (also a portfolio company of CCMP Capital Advisors).
Veronica received her Juris Doctor magna cum laude from St. Mary’s University School of Law and her B.A. from Austin College.
* Includes matters handled prior to joining Gibson, Dunn & Crutcher LLP
Capabilities
Credentials
Education:
- Austin College - 2024 Bachelor of Arts
- St. Mary's University - 2015 Juris Doctor
- Austin College - 2005 Bachelor of Arts
Admissions:
- Texas Bar