Darren S. Klein
  1. Partner

Mr. Klein is a partner in Davis Polk’s Corporate Department, practicing in the Restructuring Group. He has substantial experience on a wide range of restructurings and bankruptcies, in and out of court.

Work Highlights

  • The agent and arranger in connection with an $800 million debtor-in-possession financing and agent for the approximately $2.8 billion pre-petition first lien credit facility in connection with Peabody Energy Corp.’s chapter 11 proceedings
  • Several oil and gas companies and significant creditor groups in connection with the companies’ out-of-court restructurings and chapter 11 cases
  • Delta Air Lines, Inc. in connection with a comprehensive and integrated global settlement to restructure Delta’s codeshare relationship with Republic Airways Holdings during Republic’s chapter 11 proceeding
  • The first-out debtor-in-possession financing lenders and pre-petition ABL lenders in connection with the chapter 11 proceeding of RadioShack
  • The Ad Hoc Group of Bondholders of Puerto Rico’s Government Development Bank in connection with Puerto Rico’s ongoing restructuring efforts
  • The note purchasers, exchanging noteholders and lenders in connection with a $400 million debt out-of-court recapitalization and subsequent chapter 11 proceedings of Venoco, Inc.
  • Investors in connection with bonds secured by Schahin II Finance Company (SPV) Limited and secured by the Sertão vessel
  • The agent for the $100 million debtor-in-possession financing for Verso Corporation
  • The agent for the approximately $3.9 billion pre-petition senior secured credit facility in the chapter 11 cases of Cengage Learning, Inc. and certain of its affiliates
  • Patriot Coal and its affiliates in connection with their chapter 11 cases
  • Pinnacle Airlines and its affiliates in connection with their chapter 11 cases
  • Joint administrators and liquidators of Lehman Brothers International (Europe) and its U.K. Lehman affiliates, including in connection with the tens of billions of dollars of claims that such companies have against Lehman’s U.S. entities

Recognition

  • IFLR1000 – "Highly Regarded," U.S.: Restructuring and Insolvency, 2018
  • Legal 500 U.S. – “Next Generation Lawyer,” Finance: Restructuring (including Bankruptcy), Corporate
  • Turnaround Atlas Awards – “Chapter 11 Restructuring Turnaround of the Year” (Verso Corporation reorganization), 2017
  • Annual Turnaround Awards – “Energy Deal of the Year (over $100 million to $500 million)” (chapter 11 reorganization of Venoco), 2017

Of Note

  • Chartered Financial Analyst
Memberships
  • Member, New York Society of Security Analysts
  • Member, American Bankruptcy Institute
  • NextGen Leadership Program, International Insolvency Institute
Articles
  • Co-Author, “Similar But Not the Same: Some Ways in Which Bonds and Loans Will Differ in a Restructuring,” The International Comparative Legal Guide to: Lending & Secured Finance, 2016 (Chapter 6)
  •  Co-Author, “COMI-Migration, Comity and Cooperation: Chapter 15 and Multi-Jurisdictional Restructurings,” International Insolvency Institute, Sixteenth Annual International Insolvency Conference, June 2016
  • Co-Author, “The Fiduciary Duties of Directors of Troubled Companies,” American Bankruptcy Institute Journal, February 2015
  • Co-Author, "Two New Cases Cast A Shadow Over Credit Bidding," New York Law Journal, June 2014

Professional History

  • Davis Polk since 2007
  • Partner, Davis Polk, 2016-present
  • NERA, Inc., 2000-2004

Bar Admissions

  • State of New York
  • U.S. District Court, Colorado
  • U.S. District Court, E.D. New York
  • U.S. District Court, S.D. New York

Education

  • A.B., Economics and Philosophy, University of Michigan, 1999
  • M.A., University of Michigan School of Business, 2000
  • J.D., Harvard Law School, 2007
    • Business Editor, Harvard Negotiation Law Review