Sealing The Deal: Weil Saves Foxwoods With New Debt Tool

Law360, New York (August 23, 2013, 4:13 PM EDT) -- Four years after kicking off negotiations, attorneys from Weil Gotshal & Manges LLP found a way to keep Foxwoods Resort Casino's operator out messy bankruptcy proceedings by devising a brand-new restructuring tool that met specific federal standards limiting traditional options for tribal operations.

The Weil team, led by corporate partner Andrew Yoon, represented the Mashantucket Pequot Tribal Nation, which needed to restructure $2.3 billion in debt obligations to more than 100 creditors spread across five classes, some secured and some not.

Almost a half-decade into discussions,...
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