Sundance Energy’ Emergence from Chapter 11 Process

Latham & Watkins LLP represented Sundance Energy Inc., while Haynes and Boone, LLP represented the administrative agent for the senior secured lenders in the transaction.

Sundance Energy Inc. and its affiliates (Sundance), an onshore independent oil and natural gas company focused on the development of large, repeatable resource plays in North America, has successfully completed its financial restructuring and implemented its prepackaged plan of reorganization (Prepackaged Plan), which was confirmed by the US Bankruptcy Court for the Southern District of Texas on April 19, 2021. Sundance has emerged from Chapter 11 protection in a strengthened financial position having eliminated over US$250 million of funded debt obligations. Unsecured trade creditors will be paid in full in accordance with the Prepackaged Plan. 

Latham & Watkins LLP represented Sundance Energy Inc. in the transaction with a team led by New York restructuring and special situations partner David Hammerman (Picture), Houston corporate partner David Miller and New York restructuring and special situations counsel Annemarie Reilly. The restructuring and special situations team included New York partner Keith Simon and New York associates Jeffrey Mispagel, Misha Ross, and Brian Rosen, Chicago associates Jonathan Gordon and Gabe Pugel and Washington, D.C. associate Mohini Rarrick. The corporate team included Houston partner John Greer and Houston associates Madeleine Neet, Ricardo Alvarado, and Matt Cannon. The finance team was led by Houston partner Pamela Kellet and Houston counsel Bryce Kaufman, with Houston associates Brian Flynn and Whitley Johnson. Advice was also provided on tax matters by Houston partners Bryant Lee and Jim Cole, with Houston associates Michael Rowe, Dominick Constantino, and Chelsea Muñoz-Patchen; on environmental matters by Los Angeles counsel Joshua Marnitz, with Washington, D.C. associate Jacqueline Yap; on benefits and compensation matters by Los Angeles partner Michelle Carpenter; on hedging and derivatives matters by New York partner Yvette Valdez, with New York associates Ashley Weeks and Adam Fovent; and on oil and gas matters by Houston partner Mike King, with Houston associate Alice Parker; and on litigation matters by Los Angeles partner Michael Reiss, with Century City associate Robert Allen.

The Haynes and Boone team included Austin Elam, Matt Rountree, Frasher Murphy, Eli Columbus, and Rich Kanowitz, along with Reem Abdelrazik, Roy Schwartz and Tom Zavala. 

Involved fees earner: Robert Allen – Latham & Watkins; Ricardo Raul Alvarado – Latham & Watkins; Matthew Cannon – Latham & Watkins; Michelle Carpenter – Latham & Watkins; Jim Cole – Latham & Watkins; Dominick Constantino – Latham & Watkins; Brian Flynn – Latham & Watkins; Adam Fovent – Latham & Watkins; Jonathan Gordon – Latham & Watkins; John Greer – Latham & Watkins; David Hammerman – Latham & Watkins; Whitley Johnson – Latham & Watkins; Bryce Kaufman – Latham & Watkins; Pamela Kellet – Latham & Watkins; Michael King – Latham & Watkins; Bryant Lee – Latham & Watkins; Joshua Marnitz – Latham & Watkins; David Miller – Latham & Watkins; Jeffrey Mispagel – Latham & Watkins; Chelsea Marie Muñoz-Patchen – Latham & Watkins; Madeleine Neet – Latham & Watkins; Alice Parker – Latham & Watkins; Gabe Pugel – Latham & Watkins; Annemarie Reilly – Latham & Watkins; Brian Sandlow Rosen – Latham & Watkins; Michael Rowe – Latham & Watkins; Keith Simon – Latham & Watkins; Yvette Valdez – Latham & Watkins; Ashley Weeks – Latham & Watkins; Jacqueline Yap – Latham & Watkins; Michael Reiss – Macfarlanes LLP; Misha Ross – White & Case;

Law Firms: Latham & Watkins; Macfarlanes LLP; White & Case;

Clients: Sundance Energy;

Author: Martina Bellini