EPISODE · Jan 14, 2026 · 13 MIN
ConvergeOne ruling: What it means for excluded lenders and the future of RSAs
from Debtwired!
Proskauer’s Global Co-Chair of Restructuring, David Hillman, joins Debtwire reporter Ayse Kelce to discuss the recent ConvergeOne ruling where excluded lenders secured a victory in the US District Court for the Southern District of Texas. In this episode, Hillman, who represented the minority lender group, breaks down how the bankruptcy plan was overturned due to an exclusive backstopping opportunity granted to majority lenders—ultimately violating the equal treatment requirement. Hillman shares his perspective on what this decision could mean for the future of liability management exercises, restructuring support agreements and creditor negotiations.
Embed this episode
What this episode covers
Proskauer’s David Hillman joins Debtwire’s Ayse Kelce to unpack the recent ConvergeOne court ruling that overturned a bankruptcy plan favoring majority lenders. Hillman, who represented the minority lender group, explains how the court’s decision—centered on unequal treatment through an exclusive backstop deal—could reshape the landscape for future liability management exercises, restructuring support agreements, and creditor negotiations.
NOW PLAYING
ConvergeOne ruling: What it means for excluded lenders and the future of RSAs
No transcript for this episode yet
Similar Episodes
No similar episodes found.
Similar Podcasts
No similar podcasts found.