Keystone Tube Company (A.M. Castle)

Representation of A.M. Castle and its subsidiaries in connection with their prepackaged chapter 11 cases in the District of Delaware. A.M. Castle is a publicly traded specialty-metals distribution company serving customers on a global basis. A.M. Castle filed for bankruptcy in June 2017, confirmed a plan approximately six weeks later, and successfully emerged from bankruptcy on August 31, 2017. The plan preserved the going-concern value of the company and restructured approximately $300 million of prepetition multi-tranche secured debt. The firm was instrumental in the prebankruptcy negotiations with various lender and bondholder constituents that ultimately resulted in the plan and included a management incentive plan for key employees of the company.