June 21, 2016
ACC Claims Holdings exchanges Class A and Class B interests in connection with the chapter 11 case of Adelphia Communications.
On June 9, ACC Claims Holdings, LLC, an affiliate of Willkie client Solus Alternative Asset Management, announced the closing of its exchange offer of its Class A and Class B Interests to certain eligible holders in exchange for their outstanding ACC Senior Notes Claims (Class ACC 3), ACC Trade Claims (Class ACC 4) and ACC Other Unsecured Claims (Class ACC 5) allowed under the Plan of Reorganization, against Adelphia Communications Corporation.
ACC Claims Holdings, LLC is a Delaware limited liability company formed on November 18, 2015. ACC Claims Holdings, LLC exists solely for the purpose of liquidating the ACC Claims and distributing the proceeds to the holders of its Class A and Class B Interests.
The Willkie deal team was led by partner Mark Getachew, and included partners Joseph Minias, James Silk and David Katz; and associates Hania Masud, Stephen Forster and James Hahn.
