Results

• Representative Cases
• Significant Cases
• National Presence

Keystone Tube Company (A.M. Castle)

The firm represented 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.