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Sandeep Qusba
 

Sandeep Qusba

Partner
 
425 Lexington Avenue
New York, NY 10017 
 
Email:
Fax: +1-212-455-2502

Sandy Qusba is the Head of the Firm’s Restructuring Practice. Across a wide range of sectors—including media, real estate, healthcare, energy, automotive, manufacturing and telecommunications—he has represented agent banks, steering committees, official and ad hoc committees, creditors, private equity sponsors, special committees of boards and portfolio companies in some of the largest Chapter 11 proceedings and out-of-court restructurings in recent years, including the syncreon Group, PG&E, Pyxus International, Patriot Coal, Ultra Petroleum, Gawker Media, Danaos, Paragon, LightSquared and Puerto Rico bankruptcy cases. After law school, Sandy served as a law clerk for Chief Judge Stephen Gerling of the U.S. Bankruptcy Court of the Northern District of New York. Sandy regularly speaks on topics related to the bankruptcy industry. Some of his past speaking engagements have included presentations at the PLI’s “Nuts and Bolts of Corporate Bankruptcy” program, South Asian Bar Association’s Annual Conference, the American Bankruptcy Institute’s Annual New York City Bankruptcy Conference, a roundtable event hosted by the American College of Bankruptcy and New York University School of Law and the JPMorgan Global High Yield & Leveraged Finance Conference. Recently named an “Outstanding Restructuring Lawyer” by Turnarounds & Workouts, Sandy has also been inducted as a Fellow of the American College of Bankruptcy.

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Work Highlights
  • Pyxus International, a public company with international operations, in its international reorganization and Chapter 11 restructuring, which eliminated or restructured over $2 billion of debt
  • Board of Directors of PG&E in connection with PG&E’s Chapter 11 proceeding and related matters
  • Centerbridge, GenNx360, the Wynchwood Trust and certain of their affiliates, as equityholders and the largest secured and unsecured creditors, in the global financial restructuring of syncreon Group—the first U.S.-based company to restructure its debt using English schemes of arrangement
  • Goldman Sachs Lending Partners and JPMorgan, as joint lead arrangers and joint bookrunners, in the $1.2 billion of debtor-in-possession financing for Avianca Holdings in connection with its Chapter 11 proceedings
  • JPMorgan, as administrative agent, under the company’s prepetition credit facility and $1.1 billion debtor-in-possession financing facility in California Resources’ Chapter 11 proceedings
  • Bond holders in Puerto Rico’s various debt restructurings
  • York Capital and Centerbridge in connection with Shelf Drilling’s balance sheet restructuring
Accolades
  • “Outstanding Restructuring Lawyer,” Turnarounds & Workouts (2020-2021)
  • Fellow of the American College of Bankruptcy (2017)
Education
  • Syracuse University College of Law, 1994 J.D.
    cum laude
  • Tufts University, 1991 B.A.
Admissions
  • New York 1994

Sandeep “Sandy” Qusba is the Head of the Restructuring Practice at Simpson Thacher. His practice focuses primarily on restructurings, bankruptcies, acquisition of distressed companies and bank financings. He has represented private equity sponsors, special committees of boards and portfolio companies, agent banks, steering committees, and official and ad hoc committees and creditors in some of the largest Chapter 11 proceedings and out-of-court restructurings in recent years across a wide range of sectors, among them media, real estate, healthcare, energy, automotive, manufacturing and telecommunications.

Sandy’s experience includes the representation of:

  • Pyxus International, a public company with international operations, in its international reorganization and Chapter 11 restructuring, which eliminated or restructured over $2 billion of debt
  • Board of Directors of PG&E in connection with PG&E’s Chapter 11 proceeding and related matters
  • Transaction Committee of Garrett Motion subsidiary ASASCO in connection with Garrett’s Chapter 11 proceeding
  • JPMorgan in connection with Hertz exit financing
  • JPMorgan in connection with acquisition financing of Athene’s purchase of Donlen from Hertz
  • Francisco Partners in connection with its rescue financing, acquisition and ultimate sale of YourPeople, Inc.
  • Centerbridge, GenNx360, the Wynchwood Trust and certain of their affiliates, as equityholders and the largest secured and unsecured creditors, in the global financial restructuring of syncreon Group B.V.
  • Goldman Sachs Lending Partners and JPMorgan, as joint lead arrangers and joint bookrunners, in the $1.2 billion of debtor-in-possession financing for Avianca Holdings in connection with its Chapter 11 proceedings
  • JPMorgan, as administrative agent, under the company’s prepetition credit facility and $1.1 billion debtor-in-possession financing facility in California Resources’ Chapter 11 proceedings
  • Tilden Park, as one of the leading bond holders, in the Puerto Rico's Sale Tax Financing Corporation (COFINA) restructuring
  • JPMorgan and Credit Suisse, as lead arrangers on Hexion's DIP and Exit Financings
  • Agent in connection with Weatherford's Exit Financings, as well as agent in the Chapter 11 restructuring of Patriot Coal
  • Wells Fargo, as agent on Legacy Reserve's Exit Facility
  • Blackstone in connection with discounted purchase of loans and the enforcement thereof, resulting in the ultimate ownership of a hotel chain
  • GSO Capital in connection with its discounted purchase of Velti Inc.'s prepetition secured debt, debtor in possession financing facility and stalking horse purchase
  • York Capital, Elliott Management and JVL as lenders in connection with Roan Resources' reorganization 
  • JPMorgan in LightSquared's Chapter 11 restructuring, including with respect to existing positions and new exit investments 

Sandy was recently named an “Outstanding Restructuring Lawyer” by Turnarounds & Workouts and has also been inducted as a Fellow of the American College of Bankruptcy.

Sandy regularly speaks on topics related to the bankruptcy industry. Some of his past speaking engagements have included presentations at the PLI’s “Nuts and Bolts of Corporate Bankruptcy” program, South Asian Bar Association's Annual Conference, the American Bankruptcy Institute's Annual New York City Bankruptcy Conference which Sandy has co-chaired since 2018, a roundtable event hosted by the American College of Bankruptcy and New York University School of Law and the JPMorgan Global High Yield & Leveraged Finance Conference. In addition, he has also been named by Chambers USA as one of the leading lawyers for restructuring/bankruptcy. Sandy received his B.A. from Tufts University in 1991 and his J.D., cum laude, from Syracuse University in 1994. He served as a law clerk for Chief Judge Stephen D. Gerling in the U.S. Bankruptcy Court of the Northern District of New York. 

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      Sandy Qusba Selected as a 2021 “Outstanding Restructuring Lawyer” by Turnarounds & Workouts