Eric Wise is a partner in the New York office of Gibson, Dunn & Crutcher. He is a member of Gibson Dunn’s Global Finance and Business Restructuring, and Reorganization Practice Groups. Mr. Wise advises debtors and creditors in complex financing and restructuring transactions, including agent banks in complex leveraged financings, cross-border and multi-currency transactions, real estate financings, asset-based financings, and bank and bond/bridge financings and creditors and debtors in out-of-court and in-court restructurings.

Mr. Wise has advised corporate debtors and individual debtors, as well as lender and bondholder groups, commercial banks, hedge funds, and private equity funds. Mr. Wise has substantial experience in debt covenant analysis and junior capital structures, including second lien and subordinated financings and mezzanine 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:

•  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 financing.
• Matson Navigation Company: Representing Jones Act shipper in connection with the potential acquisitions and dispositions on the distressed context
• Great Lakes Dredge and Dock: Representing underwriter and lenders to in connection with financing of senior debt to dredging and marine construction firm.
• LightSquared Inc: Representing Harbinger Capital Partners in connection with the Chapter 11 restructuring of LightSquared.
• 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.
• Claire’s: Representing lenders in connection with the restructuring of Claire’s Stores, Inc. working capital lines.
• Answers.com: Representing lenders in connection with the restructuring, including debtor in possession and exit financing of Anwers.com.
• Solyndra LLC: Representing the post-petition lenders and plan sponsors in connection with the high-profile restructuring of solar panel manufacturer Solyndra.

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.