AMF Bowling

O’Melveny represented an ad hoc group of second lien lenders consisting of Cerberus and JP Morgan in the chapter 11 of AMF Bowling. We succeeded in derailing a proposed plan, supported by the debtors and an ad hoc group of first lien lenders, which would have handed the company to the first lien lenders, and in persuading the court not to approve certain provisions contained in proposed DIP financing and bid procedures that would have effectively locked in that plan. Instead, we achieved confirmation of a plan of reorganization sponsored by our clients, which the court confirmed in June 2013.