Sponsored Event | May.02.2018St. Regis Hotel, Houston
On May 2, 2018, Orrick will sponsor Marine Money’s 8th Annual Houston Offshore Finance Forum, where partner Bill Haft will discuss the most significant aspects of the Ocean Rig transaction. The forum is dedicated to business opportunities between shipowners and the international capital markets, covering topics on the latest deals structures, pricing, and financing techniques used as well as details on the lenders, principals, and investors involved.
Complex as any recapitalization of a multinational corporation could be, the Ocean Rig restructuring set a number of precedents and showed the path for future transactions with a number of groundbreaking features. Ocean Rig's $3.7 billion restructuring made headlines, not only for its size but for a structure implemented via a number of interconnected Cayman schemes of arrangement which were recognized by a U.S. Bankruptcy Court. Notwithstanding the support from the overwhelming majority of creditors, the implementation was hotly contested in both the United States and Cayman.
CLE Credits Available: N
Bill Haft is a corporate finance lawyer and partner in Orrick’s global Banking & Finance group. He has a broad practice counseling international financial institutions and corporations in credit and capital markets transactions; bank, structured and asset finance; project finance; securities regulation and commercial law; mergers and acquisitions; joint ventures and restructurings.
Bill regularly counsels clients in connection with cross-border matters, including maritime, energy and infrastructure transactions.
Reflecting feedback from his clients, Bill was recently named to BTI’s “Client Service All-Stars,” an exclusive recognition for lawyers who demonstrate superior client service. Described by an IFLR1000 client commentator as “extremely responsive” with a “deep spectrum of knowledge,” in Banking and Finance, Bill is also consistently recognized as a leading international lawyer by Chambers Global for his “experience working with French and other European clients on capital markets transactions.”
Bill has particular experience in the maritime sector having advised on numerous complex international shipping and offshore corporate and capital markets transactions and restructurings on behalf of a cross section of banks, arrangers, investors, owners and operators.
Before joining Orrick, Bill practiced with two other international law firms in New York and Paris.