Kristen V. Campana

Ms. Campana has experience in bankruptcy reorganizations and liquidations, work-outs and distressed debt purchases and sales, as well as second lien financings and other subordinated debt financings. She has represented debtors, debtor-in-possession lenders, pre-petition lenders, and unsecured creditors' committees, as well as other creditors in bankruptcy proceedings. Ms. Campana regularly advises clients on out-of-bankruptcy restructurings, including real estate workouts and provides general credit review analysis for lenders and potential debt purchasers.

She also has experience representing financial institutions and owner/developers in the financing of commercial real estate transactions in multi-tranche mezzanine financings in New York City and throughout the United States, including pre-development, construction, project, bridge, and working capital financing for apartment buildings, hotels and office buildings, including financings originating for securitization and/or sale in the capital markets.
    
Ms. Campana has represented U.S. energy companies in Latin American project finance transactions. Additionally, she has advised clients on international mergers and acquisitions, including a large United States bank in its divestiture of its Panamanian assets and a major motion picture company in its acquisition of an independent film company. She has also been an advisor to a large Japanese company in its U.S. dealings, including real estate, business trust, liquidation, and securities transactions.

Representative Matters

Bankruptcy, Restructuring and Distressed Debt:

Represented the unsecured creditors committees in the bankruptcies of two major automobile companies.

Represented the unsecured creditors committee in the bankruptcy of an international supply chain and packaging corporation.

Represented the unsecured creditors committee in the bankruptcy of a gaming and entertainment corporation.

Represented an international financial services group, as agent, in the restructuring of financing provided to a greeting card company, including debtor in possession term financing in the amount of $10 million, and the recapitalization of the debtors pursuant to a sale.

Represented a national fitness center as debtor in a Chapter 11 bankruptcy matter.

Represented a product wholesaler in (i) obtaining acquisition and working capital financing with a subsidiary of a major national bank, as agent, consisting of first lien revolving loans and term loans in the amount of $110 million, second lien term loans in the amount of $50 million, and third lien debt pursuant to notes and securities purchase agreement in amount equal to approximately $190 million; (ii) restructuring of the foregoing indebtedness, including the conversion of a portion of the indebtedness to equity of the borrower and adding an additional first lien term loan tranche; and (iii) obtaining debtor-in-possession financing including supplemental line advances of approximately $10 million.

Represented a capital investment company as secured noteholder in takeover of a steel production organization, including a $150 million exit credit facility, including mortgages, indenture collateral intercreditor agreement and intercreditor agreement with the union group.

Represented an art gallery and its affiliate in obtaining debtor in possession term loan financing from a multi-billion dollar asset management organization in the amount of $21 million, and exit financing consisting of $8.3 million revolving loan facility, the purchase of $26.9 of senior secured term notes and the issuance of warrants. 

Finance:

Represented an investment firm in a joint venture to provide a $260 million second lien secured loans to a renewable energy company, specializing in wind power, and its affiliates.

Represented a financial services corporation in obtaining $10 million in senior secured loans, as well as in obtaining $40 million in senior secured loans from an asset management firm.

Represented a global financial services provider in providing $1.5 billion in revolving loans in a syndicated facility to one of the largest rubber producers and certain affiliates, in addition to a  $200 million term loan.

Represented a leading provider of international seaborne crude oil transportation services in obtaining $900 million senior secured revolving syndicated credit facility with a leading financial services group in the Nordic and Baltic Sea region, as agent.

Represented an international ship company in obtaining $320 million senior secured revolving credit facility with a leading financial services group in the Nordic and Baltic Sea region, as agent.

Real Estate Finance:

Represented a German real estate and finance corporation in providing $50 million of mezzanine financing to a real estate development organization for the development of a luxury condominium project in New York City.
Represented an international financial services group in providing $660 million of mezzanine financing to an international builder for the financing of a building on Park Avenue, New York City.

Represented a residential and commercial real estate company in obtaining $74 million in mezzanine financing with an international financial institution, as agent for the development of the premises located on Park Avenue, New York City.

Represented a residential and commercial real estate company in obtaining $135 million in mezzanine financing with an international financial institution, as agent for the development of a residential building in New York City.

Represented a national hotel chain (i) in the assignment of $31.5 million of predevelopment mezzanine loans to a real estate finance company, and (ii) in obtaining approximately $44 million of construction and development mezzanine loans from the real estate finance company.

Represented a hotel company in obtaining $11.8 million in mezzanine loans from a financial institutions specializing in structured debt for the financing of the development of a New York City hotel. 

Publications and Speeches

"Account for Lien Priority and Avoidance Considerations in Bankruptcy," New York Law Journal, December 2012

Paying Our Own Way: The Privatization of the Chilean Social Security System and its Lesson for American Reform, 20, The University of Pennsylvania Journal of International Economic Law 385 (1999).