James Ktsanes

  • 330 North Wabash Avenue, Suite 2800
  • Chicago, IL 60611
  • USA
Profile Experience

James Ktsanes advises creditors and debtors in workouts and bankruptcies, as well as buyers of distressed assets.

Mr. Ktsanes represents secured lenders, noteholder groups, asset purchasers, and corporate debtors in all aspects of out-of-court restructurings, bankruptcies, and special situations. In advising clients, Mr. Ktsanes draws on significant knowledge of the banking industry and experience with a wide variety of financing arrangements. In addition to traditional amendments, workouts, and bankruptcies, Mr. Ktsanes has advised clients in connection with:

  • Strict foreclosures
  • Assignments for the benefit of creditors
  • Uniform Commercial Code (UCC) sales
  • Exchange offers
  • Priming credit facilities
  • Comprehensive restructuring amendments with only “required lender” support
  • Utilization of available covenant baskets in connection with creative restructurings and liquidity injections

Mr. Ktsanes’ representative work includes representing:

  • American Energy Permian Basin in connection with its out-of-court restructuring of US$2.2 billion of funded debt
  • Antares Capital in the debtor-in-possession financing in connection with the chapter 11 filing of Bar Louie
  • Antares Capital, as secured lender, in connection with numerous workouts and bankruptcies
  • A steering group of subordinated lenders in connection with Affinion Group Holdings’ exchange offer
  • An ad hoc noteholder group in Community Choice Financial’s exchange offer
  • Bank of America in the Key Energy bankruptcy
  • Goldman Sachs as the exit lender in the Peabody Energy bankruptcy and ABL lender in the Murray Energy bankruptcy
  • NXT in connection with several confidential workouts
  • Royal Bank of Canada, as first lien agent, in the chapter 11 cases of Vantage Drilling
  • The Catalyst Capital Group in its DIP financing and acquisition of Advantage Rent-A-Car in chapter 11
  • Tree Line in the debtor-in-possession financing in connection with Lariat Partner’s acquisition of Willowood USA
  • Z Capital Partners in its acquisition under §363 of the Canyon Ranch Hotel & Spa, Miami
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