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Andrew G. Dietderich

Partner

Andrew G. Dietderich

Partner
New York +1-212-558-3830+1-212-558-3830 +1-212-558-3588+1-212-558-3588
[email protected]

Andy Dietderich is a partner in the General Practice Group and co-head of the Firm’s Global Finance & Restructuring Group. Andy has experience in substantially all areas of corporate legal practice, including M&A, securities, leveraged finance, joint ventures, intellectual property and litigation. His current practice focuses on the use of Chapter 11 to resolve balance sheet concerns, and has three primary elements:

  • helping companies avoid insolvency proceedings by advance planning and liability management transactions
  • executing Chapter 11 solutions where no alternative is feasible
  • resolving complex insolvency-related disputes

In Chapter 11, Andy has pioneered the use of state-of-the-art transactional solutions for clients, including in the successful reorganization of Eastman Kodak Company, the purchase of Chrysler by Fiat, the separation of the TerraForm companies from SunEdison, and the design of the stand-alone plan for General Growth Properties. Outside of Chapter 11, Andy has helped clients avoid or shorten dozens of insolvencies, and regularly represents corporations, funds and family officers in special situation investments of all types.

Andy joined the Firm in 1996 and was elected partner in 2003. He is a graduate and active alumnus of Harvard Law School (J.D. magna cum laude 1995) and Harvard College (A.B. magna cum laude 1991).



SELECTED REPRESENTATIONS

Selected Restructuring Matters
  • White Star Petroleum LLC in connection with its Chapter 11 bankruptcy and other related matters, including Contango Oil & Gas Company's asset purchase agreement to acquire the assets of White Star and certain affiliates for a total purchase price of $132.5 million
  • Philips in the bankruptcy of Gibson Brands Inc. (“Mid-Size Company Transaction of the Year,” TMA 2019)
  • Ascent Resources Marcellus in its Chapter 11 case
  • Terraform Power and Terraform Global with respect to the bankruptcy of SunEdison (largest restructuring of the year; Standout: “Managing Complexity and Scale,” Financial Times 2017)
  • Quality Care Properties in its bankruptcy acquisition of HCR ManorCare
  • The steering committee of bank lenders in the global reorganization of Abengoa in Chapter 11 and Spanish homologation proceedings (“Restructuring Deal of the Year,” IFLR Europe 2018; “Legal Advisor of the Year,” Institute of Financial Turnaround 2017)
  • California Resources Corporation in its liability management activities
  • American Energy Partners in its liability management activities
  • Eastman Kodak Company in its Chapter 11 reorganization
  • The official committee of creditors of Energy Future Holdings (largest operating Chapter 11 case ever filed in Delaware and the largest M&A transaction, by cash consideration, completed in a Chapter 11 proceeding)
  • Pershing Square and Fairholme Capital Management as sponsors of the reorganization of General Growth Properties
  • Fiat and New Chrysler in the purchase and reorganization of the business of Chrysler
  • Primorsk International Shipping in its Chapter 11 case
  • Pacific Drilling in its liability management activities
  • MF Global in its attempted rescue sale
  • The PMI Group in its attempted out-of-court restructuring and corporate counsel during its Chapter 11 case
  • The Board of Directors of CIT Group in its analysis of restructuring alternatives and corporate counsel during its Chapter 11 case (the largest prepackaged bankruptcy plan in history and “Restructuring Deal of the Year,” Investment Dealers’ Digest 2009)
  • Ares Management and Teachers’ Private Capital, the owners of Serta, as plan sponsors in the acquisition of Simmons
  • RR Donnelley in its bid to acquire substantially all of the assets of Quebecor World in bankruptcy
  • Giants Stadium and Canary Wharf in the resolution of their claims against Lehman Brothers affiliates
  • Various other restructuring-related matters, including proprietary investments for merchant banking operations and the reorganization of troubled U.S.-subsidiaries of certain foreign multinationals
Selected Special Situation and Other Matters
  • Fairholme Capital Management in its investment in The St. Joe Company and related proxy contest
  • Allianz S.A. and Pershing Square in their respective rescue capital investments in The Hartford and Borders Group Inc.
  • Various buyers and sellers in negotiated M&A transactions, including the LBO of Bell Canada Inc. (Canada), the LBO of GMACCH (U.S.), and strategic investments in Telefónica S.A. (Argentina), Globo.com (Brazil) and Gener (Chile)
  • Buyers, sellers, lenders and hedge providers in acquisition financings of all types, including the LBO financings for Harrah’s, Hertz, Neiman Marcus, Transmontaigne, Berry Plastics, Natural Gas Partners, Northeast Utilities and Equity Office Properties
  • Lenders, sponsors or project companies in large project financings, including the new Meadowlands Stadium for the New York Giants (U.S.); the Alaska natural gas pipeline (U.S. and Canada); the Bulyanhulu gold mine (Tanzania); the Intersur toll road (Peru); the Veladero gold mine (Argentina); the Merey Sweeny coker project (U.S.); the Cantarell nitrogen injection project (Mexico); the Camisea pipeline (Peru); the EVM and Cabiunas financings (Brazil); and the El Abra copper mine (Chile)
  • Providers and users of rate, currency, commodity and weather derivatives in the context of acquisition financings or restructurings, including JPMorgan, HSBC, J. Aron, Barclays, Merrill Lynch and numerous industrial companies
  • Goldman Sachs, JPMorgan, Barclays, HSBC and other financial institutions in proprietary structured investments in financial assets and various private merchant banking investments

Recent Recognitions
  • Chambers USA: America's Leading Lawyers for Business – recognized in Bankruptcy/Restructuring (2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019)
  • Chambers Global: The World’s Leading Lawyers for Business – recognized in Bankruptcy/Restructuring (2013, 2014, 2015, 2016, 2017, 2018)
  • Law360 MVP – Bankruptcy (2011 for General Growth Partners, 2013 for Kodak, 2017 for SunEdison)
  • Turnarounds & Workouts – recognized as an Outstanding Restructuring Lawyer (2010, 2011, 2014, 2015)
  • The Legal 500 United States – recognized in Global Offerings (2008, 2009, 2010) and Corporate Restructuring (2011, 2012, 2013, 2014, 2015, 2017, 2018)
  • IFLR1000 Highly Regarded (2014, 2015, 2016, 2017, 2018)
  • New York Super Lawyers (2012, 2013, 2014, 2015, 2016, 2017)
  • Euromoney’s Guide to the World’s Leading Project Finance Lawyers (2006, 2007)
  • Lawdragon 3000: Leading Lawyers in America (2009-2010)
  • The Lawdragon 500: Leading Lawyers in America – “The 500 Better Than the Best” (finalist, 2007)
  • The Best Lawyers in America (2015, 2016, 2017, 2018)