The Deal Pipeline Mentions Chair and Partner James S. Carr as Counsel to Official Committee of Unsecured Creditors in GTAT Chapter 11 Reorganization
March 10, 2016

The Deal Pipeline article," GT Advanced Technologies Set to Emerge from Court Protection," discusses a reorganization plan for GTAT, which will allow the sapphire equipment manufacturer to leave Chapter 11 bankruptcy, was recently approved. The latest version of the plan puts GTAT’s exit lender in control of the reorganized business and centers on an $80 million exit facility provided by nine lenders, which will fund creditor payments.

Firm chair and partner James S. Carr represents GTAT’s official committee of unsecured creditors, which comprises of Elmet Technologies Inc., Fidelity Financial Trust: Fidelity Convertibles Securities Investment Fund, Manz AG, Meyer Burger AG, Sanmina Corp. (SANM), SGL Carbon LLC and US Bank NA.