David Hall is a Member in the firm’s business section.  Mr. Hall’s practice centers on commercial lending and corporate restructuring and turnaround.

Mr. Hall’s finance practice focuses on representing financial institutions and borrowers in various types of financing transactions, providing clients with key strategic advice, structuring financial transactions, and negotiating and documenting transaction agreements.

In the turnaround context, David works with clients to develop and implement restructuring strategies, both in and out of court, analyze financial and operational performance data, cash flow forecasts and capital structures, develop strategies to improve business operations, monetize business assets and reduce debt leverage.

Representative Transactions – Bankruptcy

  • Represented the City of Detroit in its historic chapter 9 bankruptcy proceedings, including negotiation and documentation of a first of its kind $120 million post-petition bond financing and the City’s successful tender offer of approximately $1.47 billion of Detroit Water and Sewerage Department revenue bonds
  • Represented RadioShack Corporation in connection with its $285 million debtor-in-possession credit facility
  • Represented American Apparel, Inc. in the negotiation and documentation of $90 million debtor-in-possession credit facility and $120 million exit facility in the company’s chapter 11 bankruptcy proceedings
  • Represented Jefferies & Company as administrative agent and lender in connection with New LightSquared LLC, $3.1 billion junior lien bankruptcy exit facility
  • Represented ad hoc committee of secured term loan lenders in connection with the chapter 11 cases of Southcross Holdings LP and its affiliated debtors, which resulted in the restructuring of approximately $566 million of secured term loan debt
  • Represented Alpha Natural Resources, Inc. in connection with a $692 million debtor-in-possession financing package to finance the company’s chapter 11 bankruptcy proceedings
  • Chrysler LLC, represented company in its chapter 11 proceedings as lead bankruptcy counsel
  • Penton Business Media Holdings, Inc., represented company in its chapter 11 bankruptcy proceedings
  • Represented Arabella Exploration, LLC and Arabella Operating, LLC in their chapter 11 proceedings, resulting in a successful sale of substantially all of the companies’ assets
  • Represented multi-location grocery store chain in connection with debt restructuring and asset liquidation
  • Multiple representations of strategic purchaser of substantially all assets of distress tool and die companies
  • Represented Swift Energy Company in its chapter 11 restructuring proceedings in negotiation and documentation of $75 million debtor-in-possession credit facility
  • Represented senior secured lender in the negotiation of $4 million exit facility in the chapter 11 case of NewZoom, Inc.
  • Represented Bank of America in connection with Allen’s, Inc., $119 million debtor-in-possession credit facility
  • Georgia Gulf Corporation, debt-for-equity exchange of 92% of the aggregate outstanding principal amount of $736 million owing in respect of senior notes
  • Boscov’s Department Stores, represented company in its chapter 11 bankruptcy proceedings
  • Advised Wachovia Bank, N.A. in connection with the $35 million revolving credit facility with a $1 million sublimit for letters of credit for a construction equipment distributor
  • Meridian Automotive Systems, represented company in its chapter 11 proceedings as lead bankruptcy counsel
  • Federal-Mogul Corporation, represented company in its chapter 11 proceedings as lead

Representative Transactions – Finance

  • Represented large Midwest-based automotive supplier and its domestic and Mexican subsidiaries in connection with senior secured term and revolving syndicated credit facility
  • Represented one of the largest independent, value-added manufacturers and suppliers of automotive stamped and fine-blanked components in the United States and its domestic subsidiaries in negotiation and documentation of multi-lender $97 million term and revolving credit facility
  • Represented CIBC Bank USA, as administrative agent and lender, in connection with senior secured revolving and term loan credit facility to large high volume precision machining company in connection with sale to private equity buyer
  • Represented participant lender in bank group funding an $81 million sale of stock of a Midwest large equipment manufacturer to an ESOP
  • Represented provider of bulk fuel delivery and fueling logistics solutions for the oil and gas industry in connection with a multi-million dollar senior secured term and revolving facility
  • Represented a leading Canadian manufacturer and supplier of door and hardware solutions and its affiliates in connection with senior secured Canadian term and revolving facility with Bank of Montreal
  • Represented barging company and its affiliates in connection with its senior secured revolving credit facility with PNC Bank
  • Represented a leading arts and craft wholesale distributer in the negotiation and documentation of an approximately $40 million term and revolving credit facility
  • Represented a large, independently operated, fully integrated lumber and building materials company with operations in the Midwest and its related affiliates in connection with $34 million senior secured revolving debt facility
  • Represented one of the leading suppliers of heat exchange and diesel emissions products to the heavy duty and industrial aftermarket and its related affiliates in connection with a multi-million dollar term and revolver credit agreement
  • Represented a third generation tooling, stamping and finishing supply company and its affiliates in connection with term loan and revolving credit facility
  • Represented privately held spinal implant company and related affiliates in connection with senior secured term and revolver credit facility and subordinated mezzanine credit facility
  • Represented domestic manufacturer of washers and small stampings and its related affiliated entities in negotiation and documentation of term loans, revolver loan and equipment lines of credit
  • Represented maker of specialty candy products and its related affiliates in the negotiation and documentation of senior and mezzanine financing in connection with acquisition by private equity sponsor of all equity interests in borrowers
  • Represented global medical technology companies dedicated to cardiorespiratory health solutions in negotiation and documentation of senior secured and mezzanine financing
  • Represented leading distributor of doors, frames, finished hardware and construction specialty products in Western Canada and the Pacific Northwest in connection with senior secured Canadian term and revolving facility with Bank of Montreal
  • Represented foundry company and its affiliates in connection with a senior secured term and revolving facility, and subsequent upsizing of facility to facilitate add-on acquisition
  • Represented tool and die company and its related subsidiaries in connection with senior and mezzanine financing to fund working capital and business needs

Publications

  • Marking the Boundaries of Secured and Undersecured in Multi-Debtor Chapter 11 Cases: Collecting Postpetition Interest Under 506(b) of the Bankruptcy Code, Pratt’s Journal of Bankruptcy Law, June 2014
  • Unitranche Financing Facilities: Simpler or More Confused? Pratt’s Journal of Bankruptcy Law, September 2013
  • Illinois Institute for Continuing Legal Education, 2013 Bankruptcy Handbook — Chapter 11 Plan, Confirmation, and Cramdown, April 2013
  • Fourth Circuit Takes a Stance: Applying the Absolute Priority Rule in Individual Chapter 11 Cases, Pratt’s Journal of Bankruptcy Law, January 2013
  • Illinois Institute for Continuing Legal Education, 2011 Bankruptcy Handbook — Chapter 11 Plan, Confirmation, and Cramdown, April 2011
  • Secured Lender Rights in 363 Sales and Related Issues of Lender Consent, American Bankruptcy Institute Law Review, 2010
  • Delaware Bankruptcy Court Overrules Objection of Lone Dissenting Syndicate Lender to Collateral Agent’s Credit Bid, April 2009

Speaking Engagements

Mr. Hall regularly speaks and publishes on commercial lending and corporate restructuring and turnaround.

  • 29th Annual Federal Bar Association Bankruptcy Seminar 2017 – Advanced Issues in Chapter 11 (panel including Hon. Phillip J. Shefferly, Patrick M. O’Keefe, Paul R. Hage)
  • NAFER 2018 International Conference – Introduction of US Receivership to BVI Professionals with a Focus on Comparison to Bankruptcy (panel including Greg Hays, Warren E. Gluck, Sean Fitzgerald)
  • NAFER 2018 Offshore Insolvency and Asset Recovery Conference – Comparison of Offshore Insolvency and Restructuring Options to Chapter 11 (panel including Joe Grekin, Jennifer Colegate, Allen Wilen)

David is a member of the Economic Club of Grand Rapids, the West Michigan chapters of the Turnaround Management Association and Association for Corporate Growth (Programming Committee), the American Bankruptcy Institute, the National Association of Bond Lawyers, NAFER (International Committee), the Turnaround Management Association, and the Chicago Bar Association.

Mr. Hall is also an adjunct faculty member at The John Marshall Law School and enjoys volunteering with the East Grand Rapids Schools Foundation, West Michigan Trails & Greenways Coalition, and the West Michigan Land Conservancy (Land Protection Committee).