Alice Belisle Eaton

Eaton is a Fellow in the American College of Bankruptcy and a member of the National Bankruptcy Conference, a non-partisan organization comprised of leading bankruptcy scholars, judges and practitioners formed to act as a resource for Congress on bankruptcy legislation. Eaton frequently participates in industry events and is regularly honored by leading organizations. She serves as co-chair of Practising Law Institute’s annual restructuring symposium, “Recent Developments in Distressed Debt, Restructurings and Workouts.” Her Justice, a nonprofit organization that provides free legal help to women living in poverty in New York City, honored Alice at their 2025 annual benefit for her commitment to advancing justice. Futures and Options, a nonprofit dedicated to empowering NYC’s youth to acquire transferable professional skills, named Alice the 2024 Dream Big Award honoree. Since 2018, Eaton has also served as a member of the Complex Case Committee for the U.S. Bankruptcy Court for the Southern District of Texas, which is tasked with reviewing and recommending changes to the existing procedures for complex bankruptcy cases.

Eaton’s representative experience includes:

• iRobot in connection with its comprehensive prepackaged chapter 11 restructuring whereby the Company will deleverage is balance by equitizing approximately $265 million of debt held by the Company’s sole secured lender and primary supplier, Shenzhen PICEA Robotics and Santrum Hong Kong (collectively known as Picea), enabling the Company to implement a going-concern restructuring and execute on its business plan upon emergence from chapter 11
• An ad hoc group of noteholders and lenders to Bausch Health in the company’s offer to exchange its outstanding senior secured notes due 2028 for up to $1.6 billion aggregate principal amount of new senior secured notes due 2032
• An ad hoc group of debtor-in-possession lenders in the chapter 11 cases of Sunnova Energy, a leading provider of clean energy services in the United States, which offers solar energy systems, energy storage and additional sustainable home solutions
• Rite Aid Corporation, a full-service pharmacy company providing a broad range of services, including retail pharmacy, PBM, and mail order, across 17 states, in the company’s successful chapter 11 plan of reorganization
• Revlon, a leading global beauty company, and certain of its subsidiaries in (a) their chapter 11 cases in the U.S. Bankruptcy Court for the Southern District of New York and (b) a prior out-of-court exchange offer
• An ad hoc group of DIP lenders and unsecured noteholders in the chapter 11 restructuring of Western Global Airlines, an independent provider of commercial, long-haul air cargo transportation services
• An ad hoc group of first lien, second lien, and unsecured lenders in the chapter 11 restructuring of Endo Pharmaceuticals, a specialty pharmaceutical company. The group comprised approximately of $3.2 billion, nearly forty percent, of the company’s funded debt
• An ad hoc group of crossholders of Talen Energy Supply, LLC, one of the largest competitive power generation companies in North America that owns the Susquehanna Nuclear Plant, in connection with the chapter 11 cases filed by the company and its affiliates in the U.S. Bankruptcy Court for the Southern District of Texas
• An ad hoc group of secured and unsecured creditors of Bausch Health, a multinational healthcare company, in connection with the company’s proposed spin-off of its eyecare business and potential transactions with respect to the company’s funded debt
• An ad hoc committee of noteholders of Neiman Marcus, one of the world’s largest omni-channel luxury fashion retailers, in (a) the company’s prearranged chapter 11 case and (b) a recapitalization transaction involving the exchange of unsecured notes into a new series of third lien notes and preferred equity in MyTheresa, a German luxury online retailer, and the issuance of new second lien notes
• Foresight Energy, a leading producer of thermal coal based in the Illinois basin, in (a) its prearranged chapter 11 case that reduced over $1 billion of its funded indebtedness and (b) an out-of-court restructuring of approximately $2 billion of secured and unsecured debt and a follow-on refinancing of more than $1.3 billion of outstanding indebtedness
• The ad hoc group of secured noteholders of LSC Communications, a Chicago-based provider of traditional and digital print products, in the chapter 11 cases of LSC and 21 affiliates
• An ad hoc group of holders of securities issued by Exide Technologies, a manufacturer of automotive and industrial batteries, in a “credit bid” asset sale of the company’s international operations in more than 80 countries as part of the company’s chapter 11 liquidation. The chapter 11 process also involved a mediated settlement of the company’s environmental obligations with dozens of federal, state and local environmental agencies
• The holder of preferred equity interests in a working interest owner of oil and gas assets in the restructuring of its affiliates in the chapter 11 cases of Mesquite Energy, Inc. (f/k/a Sanchez Energy), an oil and gas exploration and production company
• The IMAGINE Group, a leading provider of visual print communications and experiential marketing solutions, in its recapitalization transaction, which involved a $550 million deleveraging and a $100 million new money investment
• An ad hoc committee of unsecured noteholders of McDermott International, a fully integrated provider of technology, engineering and construction solutions to the energy industry
• An ad hoc committee of noteholders of Mallinckrodt, a leading global biopharmaceutical company, in (a) Mallinckrodt’s chapter 11 cases and (b) a prior out-of-court exchange of $495 million of senior unsecured debt for new first lien senior secured notes, on a par-for-par basis
• Barrow Street Capital in restructuring its equity investment in Gulf Coast Healthcare, a Florida healthcare and nursing home provider, pursuant to a chapter 11 plan of liquidation in the District of Delaware
• An ad hoc committee of noteholders in the chapter 11 restructuring of Whiting Petroleum, one of the largest independent exploration and production companies in the U.S. with over $3.4 billion in funded debt obligations
• An ad hoc group of unsecured noteholders in the prearranged chapter 11 restructuring of Extraction Oil & Gas, one of the largest oil and gas exploration and production companies in the Rocky Mountain region, with approximately $1.7 billion of funded debt obligations
• The term loan lenders of TOMS Shoes, a maker of casual footwear with a unique gifting mission, in the company’s out-of-court restructuring which resulted in the term loan lenders owning 100 percent of the equity of TOMS on account of (a) the conversion of $300 million of secured term debt into equity and takeback debt in TOMS and (b) a new money investment
• Northwest Fiber in its $1.4 billion purchase, under section 363 of the Bankruptcy Code, of equity interests in certain subsidiaries of telecommunications provider Frontier Communications operating in Washington, Oregon, Idaho and Montana