Arsenal Energy Holdings LLC

Representation of an investor in Arsenal Energy Holdings and its debtor affiliates in their chapter 11 case in the District of Delaware. Arsenal Energy is engaged in the acquisition and development of natural gas resources in the Appalachian Basin. The debtors commenced bankruptcy as part of a comprehensive recapitalization transaction through a prepackaged plan of reorganization converting subordinated notes totaling more than $860 million into equity and favorably dealing with the investor’s claims and interests. The plan was confirmed and became effective just ten days after the petition date.

Nine months after the first chapter 11 case, Arsenal commenced a second chapter 11 to further deleverage their balance sheet through another prepackaged plan providing for new equity interests to be issued to the creditor/lender. The firm steered its client through the process, resulting in a plan confirmed within less than 45 days.