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CarbonLite Holdings

The firm was debtors’ counsel to CarbonLite Holdings LLC and its affiliates, which filed for chapter 11 bankruptcy protection in Delaware in March 2021. CarbonLite, one of the world’s leading plastic recycling companies, filed amid the COVID-19 pandemic and the resulting production slowdowns, reduced prices, and delays in opening a new, state-of-the-art facility. In May and June 2021, the firm successfully shepherded four individual sales of each of the debtors’ facilities (two in California, one in Texas, and one in Pennsylvania) that garnered a total of $220 million in proceeds to benefit CarbonLite’s creditors. In September 2021, CarbonLite’s bankruptcy plan was confirmed and went effective.