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 is a leading expert on special situations financing and restructuring. Mr. Wise advises creditors and debtors 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 lender and bondholder groups, commercial banks, hedge funds, private equity funds, corporate debtors, and individual debtors. Mr. Wise is expert in debt covenant analysis and junior capital structures, including second lien and subordinated financings and mezzanine structures. Mr. Wise 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 telecommunications, healthcare, hospitality, real estate, steel, automotive, chemical, energy, transportation, telecommunications, financial institutions, and paper and forest products sectors. Mr. Wise is frequently asked to advise on intercreditor relationships and complex debt structuring issues.

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.

Mr. Wise is a member of the bar of New York and is admitted to practice in the federal courts in the Southern District of New York.

Prior to joining Gibson Dunn, Mr. Wise practiced with Kramer Levin Naftalis & Frankel LLP and Weil, Gotshal & Manges LLP.

Representative transactions include:

• LightSquared Inc:  Representing Harbinger Capital Partners in connection with the Chapter 11 restructuring of LightSquared.
• The Scooter Store:  Representing Garrison Investment Group in connection with its position as a holder of the senior secured debt of The Scooter Store and its Chapter 11 proceedings.
• 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.
• Church Street Health Management:  Representing Garrison Investment Group in connection with its position as a lender to Church Street Health Management in its Chapter 11 case in the Middle District of Tennessee, and in connection with the acquisition of substantially all of the assets.
• Solyndra LLC:  Representing the post-petition lenders and plan sponsors in connection with the high-profile restructuring of solar panel manufacturer Solyndra.
• GenTek:  Representing Goldman Sachs in connection with its $355 million loan to GenTek Holding.
• Travelport Limited:  Representing holdco lenders to Travelport in connection with the restructuring of $715 million of indebtedness of Travelport.
• Trident Resources:  Representing Credit Suisse as lead arranger of $410 million exit credit facility for Trident Resources, a U.S./Canadian natural gas enterprise.
• 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 financing.
• Pegasus Solutions, Inc.:  Representing the holders of senior notes of Pegasus Solutions in connection with a debt for debt and equity exchange in an out-of-court restructuring.
• ST Paper:  Representing Goldman Sachs in connection with the restructuring of $70 million of credit facilities to ST Paper, a Wisconsin-based paper products enterprise.
• Real Mex Restaurants:  Representing Farallon Capital Management in connection with the issuance and restructuring of $250 million of second lien debt and notes by Real Mex Restaurants.
• Education Media Publishing Group:  Representing Credit Suisse in connection with the restructuring of $1,300 billion debt of Education Media Publishing.
• General Growth Properties:  Representing a consortium of financial institutions in connection with providing $400 million of debtor-in-possession financing to General Growth Properties.
• Cadence Innovation:  Representing Cadence Innovation in its $125 million revolving and term facility.
• Performance Transportation Systems:  Representing Credit Suisse in connection with the restructuring of autohauler, Performance Transportation Systems.
• Cerberus Capital:  Representing Bear Stearns Corporate Lending as lead arranger for $500 million credit facility to Cerberus Capital Management.
• Ainsworth Lumber:  Representing creditors in connection with the cross-border restructuring of Ainsworth Lumber, a U.S./Canadian forest product company.
• 280 Park Avenue:  Representing Credit Suisse in connection with $1 billion of the CMBS financing of 280 Park Avenue.
• C-BASS:  Representing Farallon Capital Management in connection with debt holdings in Credit-Based Asset Servicing and Securitization LLC.
• Severstal North America, Inc.:  Representing Citicorp USA, Inc. in connection with its $275 million credit facilities to Severstal North America.