Adam H. Friedman

A partner in the Bankruptcy & Financial Restructuring Group, Adam H. Friedman represents clients in corporate and real estate restructurings and Chapter 11 cases.

Adam regularly represents clients in all aspects of bankruptcy and insolvency proceedings, reorganization transactions, and financing transactions across the capital structure. Adam also advises clients on strategies to navigate financial distress and market uncertainty and regularly assists investors looking to capitalize on opportunities being created by special situations and market disruption.

Adam is also a leader in Olshan’s Loan Restructuring and Distressed Real Estate Group and represents clients in connection with commercial, CMBS and mezzanine loan restructurings and litigation. Adam has substantial experience in both out-of-court and in-court restructuring matters for clients based in the United States and abroad. He also counsels parties with respect to fiduciary duties, director and officer liability, liability management, fraudulent conveyance and similar issues related to corporate transactions and insolvency proceedings.

Adam is a member of the American Bankruptcy Institute, and is on the Board of Editors of The Bankruptcy Strategist, a leading bankruptcy law publication.

Professional & Community Affiliations

American Bankruptcy Institute

New York State Bar Association

Globalaw

Debtor Representations

• Town Sports International, LLC (New York Sports Clubs)
• Leading Bitcoin mining operator in out of court restructuring with lenders and bondholders
• Largest franchisee of metro area national restaurant brand in successful out-of-court COVID restructuring with lenders, franchisor, multiple landlords and bridge financing
• Novation Companies, Inc., NovaStar Mortgage, LLC and affiliates . (Winner of the M&A Advisor 2017 Distressed M&A Deal of the Year)
• F&H Acquisition Corp and its affiliates , the owners of the Fox and Hound, Bailey’s Sports Grille and Chammps restaurant chains
• Jennifer Convertibles, Inc.
• Madison 92nd Street Associates, LLC, the owner of a 226-room Courtyard Marriott hotel in Manhattan, in its Chapter 11 case in connection with the sale of the hotel and confirmation of a Chapter 11 plan.
• 56 Milbank LLC, owner/builder of luxury townhouses located in Greenwich, Connecticut, in chapter 11 case.
• Represented public gaming company with negotiations and out-of-court restructuring of bond debt.

Bondholder and Lender Representations

• Represent bondholders in: Sears Holdings Corp., Toys R Us, J. Crew, Caesars Entertainment, Helios & Matheson, Gulfmark Offshore, Rand Logistics, Inc., SunEdison Inc; Endeavor Oil; Magnum Hunter Resources; Sabine Oil & Gas; MBIA; Tronox, Inc.; ESP Resources; Foamex Inc., University General Hospital Systems; UGHS Senior Living Inc.
• Step One Credit Agreement Lenders in Tribune Company Chapter 11 proceedings.
• DIP Lender and purchaser of assets in Scoobeez Inc.
• DIP Lender and purchaser of assets in Delivery Agent, Inc. et al.
• DIP lender and purchaser of assets in Retail Pro, Inc.
• DIP lender and purchaser of assets in Badanco Enterprises, Inc.
• Tranche B DIP Lenders in Global Capacity Group, Inc.
• Second Lien Lenders in chapter 11 cases of Sportco Holdings, Inc., et al. in their chapter 11 cases
• Second lien lenders in New Century Transportation, Inc./ Western Freightways, Inc.

Distressed Investing/Distressed Real Estate

• Ad Hoc Committee of Preferred Shareholders of Washington Prime Group Inc. and affiliates (Winner of 14th Annual Turnaround Atlas Awards Chapter 11 Restructuring of the Year).
• Acorn Street Capital in connection with chapter 11 exit financing of THG Hotel
• Surrey Realty Associates, LLC, the ground lessor, in the bankruptcy proceedings of premier Upper East Side NYC hotel,  The Surrey Hotel.
• Purchaser of 100-104 Fifth Avenue from the bankruptcy estate of Rock US Holdings Inc.
• Purchaser of Nashville, TN commercial building from the bankruptcy estate of Gibson Brands, Inc.
• Bristol Investment Fund, Ltd., as purchaser of of  Sugarfina, Inc. and affiliates, in their chapter 11 cases.
• Perry Ellis International, Inc. as purchaser of real estate assets in the chapter 11 case of  Fred’s Inc.
• Team Greene LLC, the senior secured lender by assignment of senior mortgage loan, in connection with the acquisition out of bankruptcy of a 92,000 s.f. mix-use residential and commercial building in Brooklyn, New York. 
• Represented shopping center owner/borrower in connection with a large CMBS loan restructuring and loan sale transaction between client, rescue finance partner and the special servicer.
• Represented investors in pre-packaged Chapter 11 case of Isologen, Inc., which restructured approximately $90 million of debts and issued registration exempt "equity for debt" securities under the Plan.
• Represented purchaser of a $60 million real estate loan against hotel debtor in bankruptcy and foreclosure proceedings.

Official Creditor’s Committee

• Official Committee of Musicland Holding Corp.
• Official Committee of KB Toys Inc.
• Official Committee of Unsecured Creditors of Vermillion, Inc.
• Official Committee of Unsecured Creditors of Nova Biosource Fuels, Inc., et al.
• Official Committee of Unsecured Creditors of Accentia Biopharmaceuticals, Inc., et al.

Press Releases