Logo for print Skip to main content
Toggle navigation MENU MORE

About Kurt

Kurt Mayr is proud to chair Bracewell's distinguished financial restructuring department, which is regularly lauded by international ranking organizations, he also serves as managing partner of the Connecticut office. He represents creditors, debtors, acquirers and other interested parties in transactions both out-of-court and under court supervision.

A significant portion of Kurt's practice involves representing creditors in complex restructurings, including senior bank lenders, ad hoc noteholder groups and official creditor committees. Kurt has represented creditor groups in ground breaking tribal gaming workouts, including Foxwoods and Mohegan Sun and the current restructuring of the debt obligations of the Commonwealth of Puerto Rico. 

Kurt has deep experience advising second lien investors on how to navigate the challenges of their intercreditor agreement to protect second lien rights and maximize recoveries. He regularly advises individual investment fund clients regarding restructuring/litigation strategies for distressed/special situation opportunities. Kurt has also successfully represented domestic and foreign debtors in highly contested and litigated restructuring proceedings.

Experience

Recent Notable Matters

Optim Energy LLC — Chapter 11 proceedings, including the $126 million sale in a bankruptcy auction of the 305 MW coal-fired Twin Oaks Plant to a unit of Blackstone Group LP and the confirmation of a plan of reorganization for its other operational power plants

First lien bank agent/DIP lender — major international bank as agent for first lien facility, DIP facility and exit financing in connection with the restructuring of more than $1.4 billion of debt in the Chapter 11 cases of Penn Virginia

Warren Resources second lien lender — second lien lender in connection with the restructuring of $550 million of debt in the Chapter 11 cases of Warren Resources and its subsidiaries

Ahern second lien noteholder group — Chapter 11 cases of Ahern Rentals and its subsidiaries

Foxwoods noteholder group — ground-breaking $2.2 billion restructuring of tribal-owned Foxwoods Casino

Investment funds — restructuring the debt of the Commonwealth of Puerto Rico and its agencies

Mohegan Sun noteholder group — three tranches of bonds in $1.5 billion recapitalization of tribal owned Mohegan Sun Casino

Trico Marine second lien noteholder group — holders of second lien notes issued by Trico in connection with Trico's Chapter 11 cases

CCS Medical second lien lenders — Chapter 11 cases of CCS Medical and its subsidiaries

Investment fund — proposed multibillion dollar out-of-court restructuring

Major international bank — restructuring of monoline insurer, SCA/Syncora

Major international bank — New York Yankees parking garage operations and financial restructuring

Vertis second lien noteholder group — pre-packaged Chapter 11 Case of Vertis and its subsidiaries

Abitibi Consolidated noteholder group — out-of-court restructuring of Abitibi Consolidated

Dura Automotive second lien lenders — Chapter 11 restructuring of Dura Automotive

Bowater noteholder group — out-of-court restructuring efforts and Chapter 11 cases of Bowater, Inc.

Major international bank — out-of-court restructuring of monoline insurer, CIFG and its affiliates

Unisys noteholder group — out-of-court recapitalization of Unysis

TOUSA second lien lenders — Chapter 11 cases of TOUSA and its subsidiaries

Tembec noteholder group — restructuring of Tembec Industries pursuant to Canadian law

Edelnor S.A. — as debtor in connection with its Chapter 11 prepackaged case

Multicanal S.A. — as petitioner with its request for recognition of its Argentine court-approved restructuring pursuant to section 304 of the Bankruptcy Code

Global Telesystems — as debtor in connection with its Chapter 11 prepackaged case

Publications and Speeches

"Crafty Mayr helps bondholders rebuild value," Hartford Business Journal, November 16, 2015.

"7 Rulings Hospitality Attys Are Thankful For In 2013," Law360, November 26, 2013.

"4 Hot Bargaining Zones In Tribal Casino Debt Deals," Law360, November 8, 2013.

"The Scope of Disclosure Under Rule 2019," Bankruptcy Law 360, February 2010.

"Ad Hoc Committee and the Misuse of Bankruptcy Rule 2019," Norton Journal of Bankruptcy Law and Practice, December 12, 2007.

"Bankruptcy Rule 2019: To Disclose or Not Disclose, That is the Question," The Bankruptcy Strategist, October 18, 2007.

"Bankruptcy Rule 2019 and the Unwarranted Attack on Hedge Funds," ABI Journal, September 2007.

"Back to Butner's Basic Rule - The Fundamental Flaw of Non-Debtor Substantive Consolidation," Norton Journal of Bankruptcy Law and Practice, February 2007.

Penelist "International Insolvency Forum Shopping Issues Under the U.S. Bankruptcy Code", 130th Annual Meeting of the New York State Bar Association, International Law and Practice Session, New York City, 2007.

"Chapter 15's First Major Case: It's Also Yukos Oil's Second U.S. Bankruptcy Case," The Bankruptcy Strategist, 3 Vol. 24 Law Journal Newsletters 2A, Dec 2006 - Jan 2007.

"Unlocking the Lockup: The Revival of Plan Support Agreements Under New § 1125(g) of the Bankruptcy Code," 15 Norton Journal of Bankruptcy Law and Practice 6, December 2006.

"Enforcing Prepackaged Restructurings of Foreign Debtors Under the U.S. Bankruptcy Code," 14 American Bankruptcy Institute Law Review 469, Winter 2006.

"Postpetition Plan Support Agreements: Delaware Bankruptcy Court Gives Approval," The Bankruptcy Strategist, September 2006.

"Using Chapter 15 to Overcome U.S. Securities Law Impediments to Effective Ancillary Relief in Cross-Border Reorganizations," 15 Norton Journal of Bankruptcy Law and Practice 367, August 2006.

"How the § 1145 Exemption Can Be Used to Facilitate the Issuance of New Securities in Cross-Border Restructurings," 1 Bloomberg Corporate Law Journal 3, Summer 2006.

"A Tale of Two Proceedings: 'Turnabout is Fair Play' in the Yukos U.S. Bankruptcy Cases," 24 Vol. XXV American Bankruptcy Institute Law Journal 6, July 2006.

Credentials

Education

Villanova University School of Law,
J.D.
1998
summa cum laude
University of Vermont,
Bachelor of Arts
1994

Bar Admissions

Connecticut
New York

Affiliations

INSOL International
American Bankruptcy Institute
New York Bar Association
International Insolvency Committee
International Insolvency Institute

News

News

Crafty Mayr helps bondholders rebuild value

November 16, 2015
Hartford Business Journal

Distressed Debt Buyers Look Overseas

February 23, 2012
Leveraged Finance News

Blogs

Noteworthy

Noteworthy

The Legal 500 United States
Corporate Restructuring, 2009, 2011, 2013 - 2017
Legal Media Group
Expert's Guide
Insolvency and Restructuring, 2012
Beard Group, Inc.
Turnaround & Workouts
Outstanding Young Restructuring Lawyer, 2008
Villanova University School of Law
Villanova Law Review
Honorable Walter K. Stapleton, U.S. Court of Appeals for the Third Circuit
Law Clerk