Hornblower Emerges From Chapter 11

Paul, Weiss represented Hornblower Group, a global leader in world-class experiences and transportation, in its successful emergence from chapter 11. Under the approved restructuring plan, the company's majority ownership transitioned to funds managed by Strategic Value Partners, LLC, and its affiliates, while Crestview Partners retained a significant minority position in Hornblower. Crestview also obtained sole ownership of Journey Beyond, a stand-alone operating unit of Hornblower and the leading experiential travel provider in Australia. Hornblower emerged from bankruptcy on July 5, having reduced its total debt by approximately $720 million and substantially increased its liquidity.

The Paul, Weiss team included restructuring partners Jacob Adlerstein, Paul Basta and Kyle Kimpler, and counsel Sarah Harnett; litigation partners Gregory Laufer, Andrew Ehrlich and Lewis Clayton, and counsel Robert Kravitz and Jonathan Hurwitz; tax partner Matthew Jordan and counsel Patrick Karsnitz; corporate partners Megan Spelman, David Tarr, David Huntington, Neil Goldman and Robert Zochowski, and counsel Adam Longenbach and Lyudmila Bondarenko; intellectual property partner Claudine Meredith-Goujon; executive compensation partner Lawrence Witdorchic and counsel Lisa Krausz Eisenberg; antitrust counsel Yuni Sobel and Todd Hahn; and real estate counsel Ida Nowaid.