Select debt restructuring and lease renegotiation transactions involving Seabury Group professionals :
Air Canada
Under the Companies' Creditors Arrangement Act (CCAA), which is similar to Chapter 11 of the U.S. bankruptcy code, restructured C$13 billion on-and off-balance sheet liabilities.
America West Airlines
Advised on restructuring of $710 million in lease obligations covering 83 aircraft, providing more than $350 million of NPV (net present value) savings as part of highly successful $1 billion liquidity program, including $425 million ATSB- (Air Transportation Stabilization Board) guaranteed facility.
US Airways
Served as exclusive investment banker and principal restructuring advisor in airline¹s Chapter 11 financial restructuring, including restructuring more than $8 billion of on-and off-balance sheet leases and public and private indebtedness, reduced NPV debt/lease obligations by $2.6 billion.
Continental Airlines
As sole financial advisor, arranged ³out-of-court² restructuring $525 million liquidity enhancement program involving sale of aircraft, rescheduling airframe and power plant orders, restructuring $1.2 billion of secured debt and lease obligations, sale of assets of System One Corporation, and issuance of $158.5 million of convertible secured debentures for forgiveness of more than $500 million of indebtedness.
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