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Rick Antonoff is a partner in the Finance, Restructuring, and Bankruptcy group of Blank Rome LLP. He represents secured and unsecured creditors, official and ad-hoc committees, investors, and other parties in bankruptcy proceedings, out-of-court restructuring, commercial litigation, financing, and distressed mergers and acquisitions.
Mr. Antonoff has extensive experience advising clients on insolvency issues arising in structured finance and derivatives transactions as well as cross-border restructuring. He advises banks, bondholders, lessors, and other contract counterparties as creditors prosecuting claims and defending avoidance actions in bankruptcy cases and exercising default remedies, including UCC and real property foreclosures.
He represents strategic and financial investors acquiring assets of financially distressed businesses, swap and repurchase counterparties, and DIP financers. Additionally, he has significant experience in complex restructuring, inter-creditor issues, netting, and setoff.
Mr. Antonoff appears in court proceedings throughout the U.S. and is frequently invited to speak at legal education seminars and provide commentary for print and broadcast media.
Mr. Antonoff is ranked in Super Lawyers for Business Bankruptcy.
- Holders of $2.13 billion senior notes and $1.23 billion senior notes issued by affiliates of Odebrecht Oil & Gas secured by vessels, charters and related contract rights.
- Holders of $500 million senior unsecured notes issued by Tidewater Inc. in negotiating grants of liens and security interests in connection with amending financial covenants.
- A group of multi-strategy investment funds as “first out” lenders in a $285 million unitranche DIP financing facility in the RadioShack Chapter 11 case and related litigation.
- Foreign representative of Daebo International Shipping in a Chapter 15 case ancillary to a Korean insolvency proceeding seeking to vacate U.S. maritime attachments.
- Commerzbank AG as the largest private creditor and member of creditors committee in Arcapita Bank Chapter 11 case.
- UBS AG as a member of the bank steering committees in restructuring the monoline insurance companies Ambac, FGIC, and MBIA.
- Syncora Capital Assurance Inc. as an insurer of bonds backed by ticket sales revenue in the Los Angeles Dodgers Chapter 11 case.
- Siemens Hearing Instruments as secured lender and buyer in acquiring the hearing aid distribution business of Chapter 11 debtor HearUSA.
- UBS Securities LLC as the controlling holder of CMBS trust certificates in the Extended Stay Hotels Chapter 11 case.
- UBS AG as the controlling holder of CDO securities in the GSC Group Chapter 11 case.
- Credit Suisse AG as a creditor in the Chapter 15 case of BTA Bank of Kazakhstan.
- Member of a syndicated lending group in a restructuring loan to a seafood company secured by fisheries equipment and vessel mortgages.
- Agent bank in a restructuring loan to an importer and wholesaler of brand-name juniors knit apparel.
- Multinational healthcare company in submitting a competitive bid to acquire the assets of the surgical imaging company IMRIS, Inc., in its Chapter 11 bankruptcy case.
- Foreign representative of Sherson Group, Inc. in a Chapter 15 case ancillary to an insolvency proceeding under Canadian law to protect its rights under trademark licensing agreements.
COMMUNITY SERVICE & AFFILIATIONS
Mr. Antonoff is a member of the New York City Bar Association, Bankruptcy and Corporate Reorganization Committee, and Chair of the Subcommittee on Maritime Law and Bankruptcy; the American Bar Association, Business Law Section; and the American Bankruptcy Institute. He recently served as a board member and secretary of New York Junior Tennis & Learning, the largest tennis and education-themed not-for-profit community organization in the U.S.
Mr. Antonoff supervises Blank Rome’s pro bono program assisting individuals seeking to discharge student loans in bankruptcy and is a volunteer for Election Protection answering hotline telephone calls from voters during the 2016 election.