We are advising an ad hoc group of second-lien lenders in connection with ConvergeOne’s chapter 11 proceedings 

Davis Polk is advising an ad hoc group of second-lien lenders in connection with the chapter 11 restructuring of ConvergeOne Holdings, Inc. and certain of its subsidiaries (collectively, “ConvergeOne”). On April 3, 2024, ConvergeOne and creditors holding approximately 81% of its first-lien debt and 81% of its second-lien term loan debt, including the members of the second-lien ad hoc group, entered into a restructuring support agreement (RSA). On April 4, 2024, ConvergeOne filed for chapter 11 in the U.S. Bankruptcy Court for the Southern District of Texas with a prepackaged plan of reorganization reflecting the terms of the restructuring contemplated by the RSA.

ConvergeOne is a leading global information technology services company that provides connected human experiences by working with its channel partners, delivering IT services, and developing and commercializing its own technology products. The company designs, implements and supports thousands of state-of-the-art IT solutions across its core technology markets: pure and hybrid cloud solutions, business applications, customer experiences, contact center design and enablement, modern workplace infrastructure, cybersecurity and enterprise networking.

The Davis Polk restructuring team includes partner Adam L. Shpeen and associates Abraham Bane and Jack Kim. The finance team includes partner Christian Fischer and associate David Waldman. The corporate team includes counsel Jacob S. Kleinman. Counsel Tracy L. Matlock and associate Eytan de Gunzburg are providing tax advice. All members of the Davis Polk team are based in the New York office.

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