February 08, 2024 | 1 minute read

HOUSTONBracewell LLP was among the law firms, financial advisors and investment bankers recognized for their role in British cinema operator Cineworld Group plc’s Chapter 11 restructuring, which was named one of Turnarounds & Workouts’ Successful Restructurings of 2023.

Bracewell represented Barclays Bank plc in the $1.94 billion debtor in possession financing of borrower Cineworld and its affiliate debtors. This international case is significant because of the financing package used to bridge the company to a multi-billion-dollar balance sheet restructuring facilitated through the Chapter 11 process.

Partners Mark E. Dendinger and William A. (Trey) Wood III led the Bracewell team, which included counsel Jonathan Lozano and associate Robert Grattan.

Published by Beard Group, Inc., Turnarounds & Workouts is a monthly newsletter that monitors distressed businesses in the United States and Canada.