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 regularly represents private equity and investment funds, borrowers, issuers, creditors and distressed investors in a wide range of transactions, special situations and distressed debt investments, including acquisition financings and restructuring transactions.

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 regularly recognized  as a leading restructuring lawyer in Super Lawyers and was recently recognized in Global M&A Network’s list of Top 100 Restructuring Professionals, an annual award that features industry leading consultants, investment bankers, and lawyers from the restructuring, distressed M&A, and insolvency communities and is “the world’s most prestigious award honoring the best value-creating transactions, outstanding firms, professionals, and leaders from the global restructuring, insolvency, and distressed investing communities." 

Adam is a member of the American Bankruptcy Institute, is on the Bankruptcy & Restructuring Advisory Board of Thomson Reuters Practical Law, and is an Editor 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).
• Representing VS 125, LLC, in multi-faceted commercial foreclosure dispute and restructuring involving senior and mezzanine loans in New York State Supreme Court concerning luxury residential real estate development located at 125 Greenwich Street in Manhattan.
• Bristol Investment Fund, Ltd., as purchaser of Sugarfina, Inc. and affiliates, in their chapter 11 cases.
• Acorn Street Capital in connection with chapter 11 exit financing of THG Hotel LLC.
• Surrey Realty Associates, LLC, the ground lessor, in the bankruptcy proceedings of The Surrey Hotel, premier Upper East Side NYC 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.
• 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. 
• Shopping center owner/borrower in connection with a large CMBS loan restructuring and A/B note restructuring transaction between client, rescue finance partner and the special servicer.
• Hotel Owner ins CMBS litigation against special servicer and ultimate restructuring transactions with rescue investor.  
• Purchaser of a $60 million real estate loan against Miami hotel debtor in bankruptcy and foreclosure proceedings.
• Investors in pre-packaged Chapter 11 case of Isologen, Inc., which restructured approximately $90 million of debts and issued SEC registration exempt "equity for debt" securities under the Plan.

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