Ron D'Aversa Offers Insights on Restructuring Trends in Energy Sector

The Deal

Ron D’Aversa, chair of Orrick’s Restructuring Group in New York, recently spoke with The Deal regarding the economic downturn currently affecting the energy sector, particularly the coal industry, and the restructuring trends that could affect energy companies in the upcoming months. The article coincides with the release of The Deal's third-quarter Out-of-Court Restructuring League Tables, in which Orrick is ranked sixth among counsel to distressed companies.
According to Ron, if oil prices stay low, lenders to energy companies will take a less generous approach to borrowing base redetermin​ations in the spring than they have this fall, which will spur more restructurings and distressed M&A.