Eric Wise is a partner in the New York office of Gibson, Dunn & Crutcher. He is a member of Gibson Dunn’s Business Restructuring, and Reorganization Practice Group and also the Global Finance Practice Group. Mr. Wise advises debtors and creditors in complex restructuring and financing transactions. Mr. Wise has represented first lien credit groups, junior lien creditor groups, unsecured creditor groups, official committees of unsecured creditors, equity holders, post-petition lenders and debtors in restructurings, as well as lenders, arrangers and borrowers in new money originations.

Mr. Wise is expert in junior capital and special situations financing structures. Mr. Wise also has extensive experience in Chapter 11 cases, and has been involved in numerous work-outs, rights offerings, recapitalizations, restructurings, and post-petition and exit financings, and distressed debt purchases and sales.

Mr. Wise’s experience extends across a wide range of industries, such as shipping, telecommunications, healthcare, hospitality, real estate, steel, automotive, chemical, energy, transportation, financial institutions, and paper and forest products sectors. Mr. Wise is frequently asked to advise on intercreditor relationships and complex debt structuring issues.

Representative transactions include:

• EuropaCorp USA: Representing filers in a French sauvegarde proceeding in their parallel chapter 15 proceeding in the United States.
• David’s Bridal: Representing senior secured creditors in connection with the out of court restructuring of David’s Bridal.
• syncreon: Representing Oaktree Capital Management in connection with the restructuring of sycreon, a Michigan based supply–chain logistics enterprise.
• uBiome: Representing 8VC inconnection with post-petition financing provided to uBiome in chapter 11.
• Harbinger Capital Partners: Representing Harbinger in connection with 546(e) litigation issues in Boston Generating.
• Claire’s: Representing lenders in connection with the restructuring of Claire’s Stores, Inc.
• Answers.com: Representing lenders in connection with the restructuring, including debtor in possession and exit financing of Anwers.com.
• LightSquared: Representing Harbinger Capital Partners in connection with the chapter 11 restructuring of LightSquared.
• Relativity Media: Representing a print and advertising lender secured by a portfolio of films in connection with the chapter 11 case of Relativity Media.
• Newland International Properties Corp.: Representing a Panamanian developer of the Trump Ocean Club in Panama City, Panama in connection with its pre-packaged chapter 11 case restructuring $220 million of secured notes.
• Solyndra LLC: Representing the post-petition lenders and plan sponsors in connection with the high-profile restructuring of solar panel manufacturer Solyndra.
• Overseas Shipholding Group (OSG): Representing equity holders in the restructuring of OSG, including in connection with exit financing from chapter 11 cases.
• TBS International plc: Representing TBS International, an ocean transportation service provider serving over 300 industrial shippers in more than 20 countries, in connection with its incurrence of debtor-in-possession and exit financing.

Mr. Wise is the author of “‘All Assets’ First-Lien/Second-Lien Intercreditor Agreements,” published in the March 7, 2018 issue of Bloomberg Law; “The Melting Ice Cube: Diminution in Value Collateral Problems in Multi-Lien Capital Structures,” published in the November 2017 (Vol. 26, No. 6) issue of the Norton Journal of Bankruptcy Law and Practice; “Obtaining Adequate Protection: An Analysis Pertaining to Real Estate Projects,” published in the April 2013 (Vol. 22, No. 2) issue of the Norton Journal of Bankruptcy Law and Practice; “Restructuring Issues Concerning Real Estate Projects,” published in the March 10, 2011 issue of BNA’s Bankruptcy Law Reporter; “Reorganization Securities And Second-Lien Structures,” published by Law360 at www.law360.com on November 9, 2010; “X Clauses: Meaning and Mutations,” published on November 8, 2010 by Bloomberg Law Reports—Bankruptcy Law; “Tanking Bond Prices Spell Opportunity for Issuers,” The National Law Journal, Bankruptcy Law Section, February 16, 2009; “Second Lien Loans: A Market Matures;” The Metropolitan Corporate Counsel, April 2007; “Covenants: A Brief Guide to Survival” The Banking Law Journal, June 2007; and “Crises in Auto Industry Raises Finance Issues” The National Law Journal, Bankruptcy Law Section, July 11, 2005. Mr. Wise is also the author of “Is Detroit Dead?,” City Journal, August 9, 2013, and contributes from time to time to general interest publications.