Michael J. Sage
Michael J. Sage, co-chair of the firm’s business restructuring and reorganization practice, represents ad hoc committees of bondholders, noteholders, term lenders and other creditors, official creditors’ committees, individual creditors, acquirers, and debtors in bankruptcy proceedings and out-of-court restructurings. Mr. Sage also has significant experience in the representation of financial institutions that have acquired substantial strategic positions in debt issued by troubled companies as well as the bankruptcies, out-of-court restructurings, and divestitures relating to such acquisitions.
Some examples of Mr. Sage’s representations include one or more parties of interest in connection with the following: Adelphia Communications, Advanced Glass Fiber Yarns, Advanced Lighting, Aleris, Alexander Gallo Holdings, Atrium, Broadview, Burke Industries, CIT Group, Classic Cable, Compass Aerospace, Constar International Holdings LLC, Dana Corporation, Desa Holdings, Formica, Galey & Lord, General Chemical, Hayes Lemmerz, High Voltage Engineering, Innkeepers, Interco, Intermet, International Wire, JF Shea, KV Pharmaceutical, Leiner Health, Loewen Group, Loral Space, Lyondell, Mirant, Mobile Energy, Momentive Performance Materials, MSR Resorts Golf Course, NextMedia, NSC/Pueblo, Pacific Aerospace, Panda Global Energy, PCA, Physiotherapy Associates, Pliant, Precision Partners, Railworks, Refco, Regal Cinemas, Satmex, Texas Petrochemical, TransTexas Gas, Tropical Sportswear, Vertrue, Viasystems Group, Visteon, Westpoint Stevens, Wilton Foods, Woods Equipment, WorldCom, Worldtex, and Ziff Davis.
Mr. Sage has been consistently recognized as a leading bankruptcy/restructuring attorney since 2006 in the legal directory Chambers USA, where he has been described as “a phenomenally intelligent attorney.” He has also been recognized as a leading corporate restructuring attorney by The Legal 500 (US), which noted in 2012 that he is “a master tactician” who is “appropriately aggressive while knowing when necessity compels conservatism.” Mr. Sage has also been listed in the K&A Restructuring Register’s “America’s Top 100 Restructuring Professionals” since 2006.
In 2014, he was part of the team awarded the 2014 Global Finance Deal of the Year Grand Prize by The American Lawyer. The team was recognized for its innovative representation of Standard Chartered Bank as secured creditor under two murabaha facilities totaling approximately $100 million, extended to Arcapita Bank B.S.C.(c.), a Bahraini Shari’ah –compliant investment bank whose Chapter 11 cases involving the restructuring of in excess of $1.3 billion in Shari’ah compliant debt were pending the Southern District of New York. This restructuring involved the first ever successful Chapter 11 restructuring of a Middle Eastern financial institution.