Nicole Stephansen is a counsel at Skadden, Arps, Slate, Meagher & Flom (UK) LLP. Ms Stephansen represents a diverse range of stakeholders – including companies, boards of directors, debt and equity investors, buy-side and distressed investors and creditor committees – in a wide range of complex cross-border transactions. She has broad experience helping clients navigate various insolvency and reorganisation processes around the globe, including in the United States and United Kingdom. She also has represented investors in negotiating and implementing a number of direct lending and special situations financings.
Ms Stephansen’s clients have included a lead bank providing financing to the administrators of NMC Health Group; a group of revolving credit facility lenders in the financial restructuring of debt held by PGS; distressed companies in the context of the covid-19 pandemic; a substantial holder of existing bonds issued by a windfarm service provider; a group of noteholders in the restructuring of a German energy business; a global alternative asset manager in its multi-jurisdictional special situations platform; a group of senior noteholders and the lead new money investors in Abengoa SA; prospective independent executive directors in Noble Group Limited; acquisition of Casual Dining Group by KKR and Pemberton and subsequent liquidity and governance issues; an ad hoc committee of unsecured bondholders in the restructuring of Norske Skog; Apollo in respect of a payment-in-kind financing; a group of second lien lenders in relation to the restructuring of Bridon International and the related merger with Bakaert Ropes Group; distressed investors in relation to bankruptcy of Brazilian oil exploration company OGX; the lead creditor in the restructuring of ATU; and the debtors in the Lyondell Chemical Company Chapter 11 case.