Lucas T. Charleston

Primary Focus & Experience

Mr. Charleston has nearly two decades of experience advising lenders, ad hoc creditor groups, borrowers and sponsors on a broad range of debt financing transactions, including direct and syndicated financing transactions, liability management transactions, stressed, distressed, rescue and other special situations financings, and in-court and out-of-court restructurings across a range of industries, including aviation, gaming, retail, media, telecommunications, pharmaceuticals, manufacturing, technology, energy, security and healthcare. 

Representative Work*

Liability Management and Special Situations

• Represented ad hoc group of lenders to GoHealth in connection with a superpriority financing.
• Represented lenders to Logix Fiber Networks in connection with a recapitalization transaction.
• Represented ad hoc group of creditors to United Site Services in connection with a superpriority financing and exchange transactions.
• Represented lender to DispatchHealth in connection with a recapitalization transaction.
• Represented ad hoc group of lenders to Spartech in connection with an out-of-court restructuring and recapitalization transaction.
• Represented ad hoc group of creditors to Bausch Healthcare in connection with refinancing and exchange transactions.
• Represented noteholder to Klöckner Pentaplast in connection with an exchange transaction.
• Represented lenders to Fellers in connection with an out-of-court restructuring and recapitalization transaction.
• Represented ad hoc group of lenders to Arrivia in connection with an out-of-court restructuring and recapitalization transaction.
• Represented ad hoc group of noteholders to Hovnanian Enterprises in connection with multiple exchange transactions.
• Represented third-party lender to Alkegen in connection with a priming financing and exchange transaction.
• Represented lender to SI Group in connection with an exchange transaction.
• Represented GTT Communications in connection with a superpriority financing.
• Represented ad hoc group of lenders to 21st Century Oncology in connection with a priming financing.

In-Court Restructurings

• Represented ad hoc groups of creditors in the chapter 11 case of Spirit Airlines and the subsequent chapter 11 case of Spirit Aviation Holdings and multiple debtor-in-possession financings.  
• Represented ad hoc group of lenders in the chapter 11 case of GoHealth and debtor-in-possession financing.
• Represented ad hoc group of lenders in the chapter 11 case of United Site Services and debtor-in-possession financing.
• Represented ad hoc group of noteholders in the Companies’ Creditors Arrangement Act filing by Baffinland Iron Mines.
• Represented affiliated creditor in the chapter 11 case of GOL Airlines.
• Represented ad hoc group of lenders in the McDermott UK Restructuring Plan.
• Represented ad hoc group of lenders in the chapter 11 case of Mobileum.
• Represented GTT Communications in connection with its chapter 11 case, debtor-in-possession financing and exit financing.
• Represented Apollo Capital Management in connection with debtor-in-possession financing for Scandinavian Airlines.
• Represented ad hoc group of lenders in the chapter 11 case of Caesars Entertainment Operating Company.
• Represented ad hoc group of lenders in the chapter 11 case of 21st Century Oncology.

Private Credit and Direct Lending

• Represented Apollo Global Funding, as lender, in connection with numerous direct lending transactions across multiple industries.
• Represented CEC Brands, as borrower, in connection with various credit facilities.
• Represented Eldridge Capital Management, as lender, in connection with numerous direct lending transactions across multiple industries.
• Represented Fortress Credit Corp., as lender, in connection with numerous direct lending transactions across multiple industries.
• Represented Francisco Partners, as lender, in connection with numerous direct lending transactions in the technology industry.
• Represented Kennedy Lewis Investment Management, as lender, in connection with numerous direct lending transactions across multiple industries.
• Represented Monarch Alternative Capital, as lender, in connection with numerous direct lending transactions across multiple industries.
• Represented New Spartech Holdings, as borrower, in connection with an asset-based revolving credit facility.
• Represented Platinum Credit, as lender, in connection with numerous direct lending transactions across multiple industries.
• Represented Quintillion Networks, as borrower, in connection with a term loan facility.
• Represented Vista Credit Partners, as lender, in connection with numerous direct lending in the technology industry.

*Matters completed prior to joining Milbank.

Recognition & Accomplishments

Mr. Charleston earned his J.D. from New York Law School, magna cum laude, and his B.A. from Monmouth University, magna cum laude.