Raniero D'Aversa

Partner
Restructuring

Raniero D’Aversa, Jr., a partner in the New York office, is chair of Orrick’s Restructuring Group. He has in-depth experience and is regarded as a leading practitioner representing clients involved in bankruptcies, out-of-court restructurings and creditors’ rights controversies. In those contexts, he provides comprehensive legal guidance to DIP lenders, secured lenders and bank groups, investment banks, hedge funds and other financial institution creditors.

Mr. D’Aversa’s counsel spans a broad spectrum of bankruptcy and restructuring related issues, including senior syndicated loan bankruptcies and workouts, DIP loans and out-of-court restructurings, bankruptcy litigation, acquisitions, derivatives, structured finance and distressed debt trading.

Samples of his most recent notable engagements include:

  • Recent Syndicated Loan Workouts: represented ABN Amro Bank NV, The Bank of Nova Scotia, Bank of America, Bank of Montreal, LaSalle Bank and Toronto-Dominion Bank as agents or lenders in workouts and bankruptcies involving syndicated senior loan facilities.
  • Recent Bankruptcy Cases: represented prepetition Agent and/or D-I-P Agent in the bankruptcy cases of: Quebecor, VICORP, Ritchie Risk-Linked Strategies, Sea Containers, New Century Financial, Desert Power, M. Fabrikant & Sons, Star Diamond Group, W.B. David, L.I.D. Group, Boyds Collection, Enesco Group, Inc., Malden Mills, Tokheim Corporation, The Loewen Group, Singer Sewing Company, Prime Succession I and Prime Succession II, AlphaStar Television Network, Global Information Technologies, Great Lakes, Inc., International Wireless Communications Holding and Enron.
  • Diamond and Precious Metal Bankruptcies: represented secured lenders in domestic and cross-border diamond and jewelry bankruptcy cases, including M. Fabrikant & Sons, L.I.D. Group, Star Diamond Group and W.B. David.
  • Structured Investment Restructurings: represented noteholders, liquidity providers and/or swap counterparties in restructurings of complex structured investment vehicles, commercial paper conduits and other structured products, including student loan asset backed trusts and CDOs.
  • Aviation Restructurings and Bankruptcies: represented agents, lenders and other financing parties in domestic leveraged leases, cross-border leases, EETCs, liquidity facilities and mortgage indentures in the US Air I, US Air II, United Airlines, Northwest Airlines, Delta Airlines, and Atlas Air bankruptcies, Citigroup in the purchase, sale and restructuring of claims, loans and/or leases relating to over 60 aircraft for American Airlines, Inc., and in the out-of-court restructurings of a major U.S. commercial airline and the nation’s largest domestic cargo carrier.
  • Project Finance Restructurings: represented agents in restructuring of project facility with Permaclear and Wellman, Inc. Represented project lenders in bankruptcies of Desert Power, Gen Holdings (PG&E National Energy group) and Ponderosa Pine Energy Partners. Represented swap issuers in restructurings of the Granite Ridge Energy, LLC, project facility and the Marianas Energy project facility.
  • Synthetic Lease Bankruptcies: represented synthetic lessors in Mariner Post-Acute Network and The Washington Group International bankruptcy cases.
  • Recent Restructurings: represented agents in restructurings of: leveraged to premium-financed life settlement portfolios; leveraged charged-off receivables portfolios; a US$350 million syndicated loan to a Mexican telecommunications provider; a US$100 million syndicated loan to a medical equipment supplier; loans to charged-off receivables portfolios; and syndicated loans to a domestic wireless provider, metals refinery and airline catering business. Represented lenders in peaceful possession and surrender of a diamond wholesaler. Represented significant lenders and derivative counterparties in recent restructurings of Xerox, Huntsman, Foster-Wheeler, NRG Energy and Dynegy.
  • Creditors’ Committees: represented the Official Committees of Unsecured Creditors in the Chapter 11 cases of Spectrum Information Technologies, Inc., Arbor Computers, Fulton Computer Products and Programming Ltd., Advanced Interlink and Alexander Doll Company, Inc.
Raniero D'Aversa
Admitted In
  • New York
Court Admissions
United States District Court
  • Eastern District of New York
  • Southern District of New York

Practices
Education
  • J.D., Journal of International Law & Politics, New York University School of Law, 1990
  • B.B.A., summa cum laude, Adelphi University, 1987
Honors
  • IFLR1000 Rankings, Leading Lawyer, United States – Restructuring & Insolvency

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