Samuel A. Khalil is a partner in the New York office of Milbank and a member of the firm’s Financial Restructuring Group.
Primary Focus & Experience
Mr. Khalil represents debtors and creditors in chapter 11 reorganization cases and out-of-court workouts both in the US and internationally. He also regularly represents private equity funds and hedge funds acquiring control positions in financially distressed companies, whether through a chapter 11 process or otherwise. He has extensive experience negotiating reorganization plans, structuring high risk “rescue financings” and chapter 11 “DIP” and “Exit” financings, and representing acquirors and sellers of financially distressed companies. His engagements have ranged across a wide array of industries, including energy, shipping, chemicals, paper, airline, financial services, automotive, pharmaceuticals, satellite, restaurant, consumer goods and real estate.
Mr. Khalil’s representations have included, among others: Pacific Gas & Electric Corporation (counsel to official committee of unsecured creditors); Windstream Holdings, Inc. (ad hoc committee of unsecured noteholders); Transworld Systems Inc. (counsel to company); Natural Resource Partners (counsel to an ad hoc committee of unsecured creditors); Vanguard Natural Resources (counsel to an ad hoc committee of unsecured noteholders); W&T Offshore (counsel to certain holders of debt in connection with out-of-court restructuring); Samson Resources (counsel to KKR as sponsor); Penn Virginia (counsel to unofficial committee of bondholders); Energy XXI (counsel to an ad hoc committee of second lien noteholders); Ultra Petroleum (counsel to an ad hoc committee of unsecured creditors); Midstates Petroleum (counsel to exchanging noteholders); Molycorp Inc. (counsel to secured lenders); Momentive Performance Materials (counsel to an ad hoc group of second lien debtholders); Genco Shipping & Trading Limited (counsel to agent for secured lenders); Overseas Shipholding Group (counsel to agent for revolving credit facility lenders); NewPage Corporation (counsel to indenture trustee for first lien noteholders); Southern Air Holdings, Inc. (counsel to DIP agent); Lyondell Chemical Company (counsel to an ad hoc committee of senior secured lenders); General Motors Corp. (counsel to indenture trustees with respect to leveraged lease financing arrangements); Calpine Corp. (counsel to an ad hoc committee of convertible noteholders); Nebraska Book Company (counsel to an ad hoc committee of noteholders); Visteon Corp. (counsel to unsecured noteholders as rights offering backstoppers); International Architectural Group (counsel to first lien agent); VICORP Restaurants, Inc. (counsel to the official committee of unsecured creditors); Sea Launch Company, L.L.C. (counsel to the official committee of unsecured creditors); Satélites Mexicanos, S.A. de C.V. (as chapter 11 debtor in possession); Tower Automotive, Inc. (counsel to second lien agent); aaiPharma Inc. (counsel to an ad hoc committee of secured noteholders); and Enron Corp. (counsel to the official committee of unsecured creditors).
Recognition & Accomplishments
Mr. Khalil is recognized by Chambers USA, IFLR1000, and Legal 500. Legal 500 also named him a Next Generation Lawyer in 2017, 2018 and 2019. In 2015, Mr. Khalil was named an Outstanding Young Restructuring Lawyer by Turnarounds & Workouts. He is also a co-author of the chapter “Trends in DIP Financing in the Aftermath of the Credit Crisis of 2008-2009” in Collier Guide to Chapter 11 (2010).
Mr. Khalil received his J.D., cum laude, from Hofstra University, where he served as an associate editor of the Hofstra Law Review.
- Hofstra Law, J.D.
- Hofstra University, B.A.
- New York