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PES Holdings LLC (2018)

The firm was co-counsel to PES Holdings and eight of its subsidiaries, which filed prepackaged chapter 11 cases in January 2018 in the U.S. Bankruptcy Court for the District of Delaware. Headquartered in Philadelphia, PES owns and operates the largest oil refining complex on the U.S. Eastern seaboard. The refining complex, which spans 1,300 acres and has capacity to refine 335,000 barrels of crude oil per day, has been in continuous operation since the 1860s. PES successfully confirmed its prepackaged plan of reorganization in March 2018 with universal stakeholder support and commitments for over $260 million of new capital.