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New York
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Jill Frizzley
Counsel

Education
University of Toronto, Law School, LL.B.
University of Alberta, BSc (Honors), with distinction

Practice
Jill Frizzley, counsel in the Bankruptcy & Reorganization Group, regularly represents debtors, creditors, investors and acquirers of assets in Chapter 11 cases and out-of-court restructurings domestically and in cross-border contexts. Her clients have included upper middle market distressed companies across various industry sectors, large institutional bank lenders and distressed funds. She also has represented various parties in connection with the purchase and sale of assets in non-distressed matters. Ms. Frizzley joined the firm in 2000 and is a founding co-chair of the firm’s women’s affinity group.

Experience
  • Provo Craft & Novelty, Inc. in its out-of-court recapitalization
  • Cinram International, one of world’s largest providers of pre-recorded multimedia products, in its out-of-court restructuring
  • Citibank, secured agent in connection with the Chapter 11 cases of Capmark Financial Group
  • Peter M. Brant and affiliates, as equity owners and management, in connection with Chapter 11 and CCAA (Canada) cases of White Birch Paper Company/Bear Island Paper Company
  • Francisco Partners, as equity sponsor, in prepackaged Chapter 11 of Electrical Components International
  • American Axle & Manufacturing in its out-of-court restructuring
  • Lead arrangers and Agent in connection with the restructuring of Capmark Financial Group
  • Delphi Corporation, as special bankruptcy counsel, in its Chapter 11
  • Citibank, N.A., as administrative agent for the $400 million senior secured superpriority debtor in possession financing for Chemtura Corporation and its domestic subsidiaries
  • Silver Point Finance, LLC, as agent for first and second lien credit facilities in loan-to-own strategy in the Chapter 11 case of GBGH, LLC (US holding company of UK power project companies)
  • Citibank, N.A. in connection with the restructuring of the $32 billion third-party asset-backed commercial paper market in Canada
  • Pope & Talbot and 14 other affiliates in their U.S. Chapter 11 cases and sale of substantially all the assets of their lumber business
  • Remy International, Inc. and 26 other affiliates in their prepackaged Chapter 11 recapitalization
  • DaimlerChrysler AG in its disposition of an 80.10% interest in DaimlerChrysler Holding LLC to an affiliate of Cerberus Capital Management, L.P.
  • Assisted plan facilitator in section 304 ancillary proceeding of Multicanal, S.A.
  • Special Committee of Board of Directors of BioVeris Corporation with respect to asset sales to related third party (CEO) in connection with merger with Roche
  • Merrill Lynch Global Private Equity in its acquisition of Grupo Convermex S.A. de C.V. from J.P. Morgan Securities Inc.
  • BASF AG in its acquisition of Engelhard Corporation
  • Private equity firm in connection with potential acquisition of multi-billion dollar claim of quasi governmental agency in major Chapter 11 case
  • Cablevision as proposed bidder for substantially all of the assets of Adelphia Communications
  • Spiegel Inc., Eddie Bauer, Inc. and Newport News, Inc. and 17 other affiliates, major U.S. and international retail and catalog merchants, in their Chapter 11 reorganizations and sale of substantially all the assets of Spiegel and Newport News
  • HypoVereinsbank, as senior secured lender, in connection with the Chapter 11 case of a major New York hotel
  • Versatel Telecom International, N.V., a provider of local access broadband services in The Netherlands, Belgium and Germany, in its prenegotiated restructuring and Chapter 11 case, and joint Dutch proceeding (surseance)
  • Global TeleSystems, Inc., the leading broadband services provider in Europe, in its prenegotiated restructuring and Chapter 11 cases, its joint Dutch proceeding (surseance) and acquisition by KPNQwest N.V.
  • Institutional lender steering committee and bank group in Owens Corning Chapter 11 cases
  • Globenet Communications Ltd. in its debt and operational restructurings prior to eventual sale and Chapter 11 filing


Selected Professional & Business Activities
  • Member, American Bankruptcy Institute
  • Member, International Women’s Insolvency & Restructuring Confederation
  • Member, Turnaround Management Association
  • Member, American Bar Association


Publications
  • Sosnick, F., Frizzley, J. and Britton, R., “Developments in Distressed Lending: Postpetition Principal Payments As Adequate Protection” 28(1) The Bankruptcy Strategist (2010)
  • Torkin, M., Frizzley, J. and Culbert, C., “Emerging Trends in the Enforceability of Bankruptcy Waivers in Second Lien Financing Transactions” 4(28) Bloomberg Law Reports-Bankruptcy Law 1 (2010)
  • Rappaport, L., Frizzley, J. and Kemnitz, C., “Positive Visibility: Shearman & Sterling Program Focuses on Taking Ownership Over One’s Career” 7(1) New York Law Journal Magazine (2008)
  • Kelly, L. and Frizzley, J., “Limitations on States’ Sovereign Immunity in Bankruptcy: Impact of the Supreme Court’s Katz Decision” 3(4) International Corporate Rescue 236 (2006)


Bar Admissions/Qualifications
New York


Courts
United States District Court for the Southern District of New York
United States District Court for the Eastern District of New York