FULLBEAUTY Brands Holdings Corp.’s $1.2 Billion Chapter 11 Restructuring

Paul, Weiss advised an ad hoc group of prepetition second lien lenders in connection with the chapter 11 cases of FULLBEAUTY Brands Holdings Corp. and certain affiliates.

FULLBEAUTY Brands, Inc. provides plus-size products for women and men. The Company, led by Emilie Arel, offers boots, sweaters, yoga pants, sportswear, career clothing, special occasion apparel, outerwear, intimate apparel, fragrance, accessories, lingerie, and swimsuits for women; apparel, underwear, and shoes for men; and bedding, bath, window, cooking, dining, entertaining, and beautiful home accents.

Paul, Weiss advised the group on all aspects of the company’s reorganization, which restructured more than $1.2 billion of prepetition debt through a prepackaged plan of reorganization that was approved by the United States Bankruptcy Court for the Southern District of New York less than 24 hours after the company filed for chapter 11 protection, setting the record for the fastest chapter 11 case ever.

The Paul, Weiss team included bankruptcy partners Paul Basta (Picture) and Elizabeth McColm; corporate partners Lawrence Wee and David Huntington and counsel Austin Witt; litigation partner Walter Rieman; and tax partner Scott Sontag.

Involved fees earner: Paul Basta – Paul Weiss Rifkind Wharton & Garrison; David Huntington – Paul Weiss Rifkind Wharton & Garrison; Elizabeth McColm – Paul Weiss Rifkind Wharton & Garrison; Walter Rieman – Paul Weiss Rifkind Wharton & Garrison; Scott Sontag – Paul Weiss Rifkind Wharton & Garrison; Lawrence Wee – Paul Weiss Rifkind Wharton & Garrison; Austin Witt – Paul Weiss Rifkind Wharton & Garrison;

Law Firms: Paul Weiss Rifkind Wharton & Garrison;

Clients: FULLBEAUTY Brands Holdings Corp. – ad hoc group of prepetition second lien lenders ;

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Author: Ambrogio Visconti