Kramer Levin is pleased to announce that New York-based partners Daniel M. Eggermann and Rachael Ringer have been named co-heads of the firm’s Distressed Investing practice.

“Danny and Rachael have a strong track record in leading complex and large-scale bankruptcies and restructurings involving distressed investments, including LATAM Airlines Group, Diamond Sports Group and Caesars Entertainment Operating Co., and are ideally suited to continue growing this vibrant practice,” said Kenneth H. Eckstein and Amy Caton, co-chairs of Kramer Levin’s Bankruptcy and Restructuring department.

Mr. Eggermann represents significant parties, including distressed investors, bank debt holder and bondholder groups, creditors’ committees, independent directors, and other parties in interest, in complex Chapter 11 bankruptcy cases, out-of-court restructurings and other distressed situations.

“With borrowers facing a wall of debt maturities against a backdrop of relatively high interest rates, we are seeing increased demand for advice on a broad range of distressed and restructuring-related investments and financings, and our team is well-positioned to help them navigate this complex and fast-moving market,” said Mr. Eggermann.

Ms. Ringer handles high-stakes and complex bankruptcy matters on behalf of creditors’ committees, bondholders and ad hoc groups, shareholders and companies and regularly advises clients in connection with investments in distressed credits with complex capital structures. She has advised on many notable bankruptcies and restructurings across a diverse range of industries, including health care, retail, financial services, oil and gas services, biopharmaceuticals, and mass torts.

“The depth and breadth of our restructuring bench — combined with our strength and continued growth in finance and litigation — have driven the growth of our Distressed Investing practice. Our ability to collaborate across disciplines to provide strategic advice and a comprehensive approach to restructuring is key to our success,” said Ms. Ringer.

The promotions of Mr. Eggermann and Ms. Ringer follow the firm’s announcement last week that Ms. Caton has been promoted to co-chair of the firm’s Bankruptcy and Restructuring practice and will co-lead the group along with Mr. Eckstein. Thomas Moers Mayer will step down from his co-chair position and will continue as a senior partner in Kramer Levin’s Bankruptcy and Restructuring department.

Kramer Levin’s Distressed Investing practice represents banks, hedge funds and other financial institutions in all types and stages of distressed investing. The team routinely advises clients at the pre-workout, pre-petition and post-petition phases as well as on distressed debt acquisitions, loan-to-own strategies and distressed asset sales, both in and out of court.

The firm’s Distressed Investing practice is complemented by its Special Situations practice and strong Bankruptcy Litigation and Investigations and Financial Services Litigation groups, both of which experienced significant growth when Kramer Levin combined with Washington, DC, litigation boutique Robbins, Russell, Englert, Orseck & Untereiner LLP in 2022.

About Kramer Levin Naftalis & Frankel LLP

Kramer Levin provides its clients with proactive, creative and pragmatic solutions that address today’s most challenging legal issues. The firm is headquartered in New York with offices in Silicon Valley, Washington, DC, and Paris and fosters a strong culture of involvement in public and community service. For more information, visit www.kramerlevin.com.

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