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Soham D. Naik

Naik, Soham D.

Associate

P 212.508.6171
F 212.938.3871
soham.naik@bgllp.com

Assistant

Myra Carvalho
212.508.6100 x6508

Soham Naik is an associate in the Business & Regulatory Section at Bracewell & Giuliani.  He maintains a dual finance and financial restructuring practice, with an emphasis on secured transactions, leveraged finance, first and second lien arrangements, restructuring, bankruptcy, creditor's rights and distressed mergers and acquisitions. Soham has been involved in the negotiation and documentation of numerous leveraged loan transactions, including "rescue", "DIP" and "exit" financings, as well as loan workouts and out-of-court restructurings.  His practice also focuses on bankruptcy matters, including approval of DIP financing, negotiation of adequate protection arrangements, section 363 asset sales, prosecution of avoidance actions and fraudulent transfer law, plan confirmation and bankruptcy litigation related to the foregoing. Soham's clients include individual funds and banks, agented bank groups, noteholders, committees of creditors, ad hoc groups of creditors, investors, acquirors, borrowers/debtors and other entities.

Prior to joining Bracewell in August of 2008, Soham's practice included the representation of debtors and official creditors' committees in numerous chapter 11 cases, including the representation of debtors in the chapter 11 cases of Sea Containers, Le Nature's and Solutia  and the representation of official creditors' committees in the chapter 11 cases of Winn-Dixie Stores, Inc. and RCN Corporation.

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Recent Engagements

Represented an ad hoc group of second lien noteholders in connection with the chapter 11 cases and cross-border restructuring of Trico Marine Services and its subsidiaries.

Represented certain "Step One" Lenders in Tribune Co.'s chapter 11 cases in connection with the formulation and documentation of the Step One Lenders' disclosure statement and plan of reorganization, as well as the Step One Lenders' opposition to other competing plans.

Represented a significant equity holder of reorganized Crescent Resources LLC in connection with the negotiation and documentation of first and second lien exit financing contemplated under Crescent's plan of reorganization.

Represented the Agent under a senior secured credit facility for Innovative Brands, LLC, as owner of the Pert Plus hair care and Sure deodorant businesses, in a successful out-of-court restructuring that lead to the sale of the business and the repayment in full, in cash of the loans under the Credit Agreement.

Represented the Lender under a debtor-in-possession Credit Agreement for the Archangel Diamond Corporation ("ADC") and an exit facility for the ADC Liquidating Trust to be used to finance significant litigation claims.

Represented the Official Committee of Unsecured Creditors in the chapter 11 cases of Erickson Retirement Homes, with a focus on finance issues and finance-related litigation.

Represented an ad hoc group of Unisys Corporation bondholders in a successful out-of-court restructuring in which the bondholders received new secured notes at favorable pricing terms in exchange for their old unsecured notes.

Represented an ad hoc group of Bowater bondholders in connection with negotiations regarding an out-of-court restructuring of the multi-national newsprint and paper manufacturer and marketer.

Represented a major bondholder and DIP lender in Spectrum Brands' chapter 11 cases.

Represent funds on a regular basis in connection with analysis of new investments and the purchase of significant debt and equity interests in distressed and/or highly leveraged issuers.

Education

J.D., New York University School of Law, 2003
B.A., with high honors, The University of Texas at Austin, 2000

Bar Admissions

New York

Court Admissions

U.S. District Court for the Southern and Eastern Districts of New York

Affiliations

American Bankruptcy Institute