Paul Hastings Advised an Ad Hoc Group of Term Lenders and DIP Lenders in the Restructuring of The Container Store

Paul Hastings LLP advised an ad hoc group of term and DIP lenders in connection with the successful reorganization of The Container Store Group, Inc., the nation’s leading retailer of organizing solutions, custom spaces and in-home services.

Through the confirmed plan, The Container Store restructured over $300 million in liabilities, including by refinancing its asset-backed lending facility and significantly reducing previous long-term debt obligations. The ad hoc group advised by Paul Hastings LLP also injected $40 million in new capital into The Container Store, which will emerge as a private company under the ownership of its lenders.

Financial Restructuring co-chair Jayme Goldstein and of counsel Isaac Sasson led the Paul Hastings team, which also included partners Sal Perrotto, Charles Persons, Zach Cochran and Matthew Schwartz, of counsel Gary Silber and Joanne Lau, attorney Liz Loonam, and associates William Reily, Tess Sadler, Christine Geils, Yana Gontcharova, Kenneth Bagdasar, Schlea Thomas, Leonie Koch and Tori Simon.

About Paul Hastings

With widely recognized elite teams in finance, mergers & acquisitions, private equity, restructuring and special situations, litigation, employment, and real estate, Paul Hastings is a premier law firm providing intellectual capital and superior execution globally to the world’s leading investment banks, asset managers, and corporations.