Manny Grillo represents secured and unsecured creditors, Chapter 11 debtors and borrowers, as well as both sellers and purchasers in distressed mergers and acquisitions. His practice encompasses both out-of-court debt restructurings and the reorganization and liquidation of financially distressed businesses under Chapter 11 of the Bankruptcy Code.
Mr. Grillo regularly advises banks, hedge funds, sponsors and other financial institutions regarding insolvency and restructuring matters in complex financings and securitizations. He negotiates distressed financing transactions including debtor in possession loans on behalf of both lenders and borrowers and litigates contested confirmation and financing matters as well as avoidance actions and lender liability claims.
Prior to joining Baker Botts, Mr. Grillo was a partner at Goodwin Procter. Before that, he was a partner at Torys LLP and Salans/Christy & Viener in New York City. He began his career as an Honors Program Attorney in the Office of the United States Trustee for the Southern District of New York of the U.S. Department of Justice.
Mr. Grillo is a member of the American Bankruptcy Institute and the Turnaround Management Association.
- A troubled cooperative bank in the restructuring of more than $500 million of its debt
- An investment fund holding debt secured by life settlement assets in a troubled hedge fund’s Chapter 11 cases
- An ad-hoc committee of second lien creditors in the restructuring of more than $500 million of secured debt of one of the largest independent futures brokerage and clearing firms
- The DIP Lender and bidder in the section 363 sale for Grubb & Ellis one of the nation’s largest real estate brokerage firms
- The controlling mezzanine lender in its foreclosure on a portfolio of hospitality assets with a value in excess $1.5 billion
- The sponsor of a portfolio of hospitality assets concentrated in the southeastern United States in the restructuring of $600 million of debt
- Mezzanine and mortgage lenders for both commercial and multifamily residential properties and lenders to Native American gaming facilities
- A top wireless device service and distribution company and its parent with revenues that exceeded $2 billion prior to bankruptcy in their Chapter 11 cases, the sale of their assets and confirmation of their Chapter 11 plan
- Junior capital lenders to troubled borrowers in prepackaged bankruptcy cases and periodically in their exercise of remedies
- Individual creditors and ad hoc groups of creditors in some of the country’s largest bankruptcy cases, including Lehman Brothers Holdings Inc., Northwest Airlines, Delphi Corporation and Silicon Graphics, Inc.
- The DIP Lenders in in the NextWave Telecom cases in which he negotiated the DIP loan equity kicker that provided the DIP lender with a premium payable in reorganized NextWave securities at confirmation after NextWave’s litigation with the FCC in the United States Supreme Court
Publications, Speeches & Presentations
Supreme Court Refuses to Allow End Run Around the Absolute Priority Rule in Structured Dismissals of Chapter 11 CasesFirm Thought Leadership
Energy Mergers and Acquisitions Maintain Momentum; Oil and Gas Markets Begin to Climb Back; Will Uncertainty Cloud the Outlook for 2017?Firm Thought Leadership
Second Circuit Court of Appeals Reverses Marblegate Decision and Limits the Rights of Holdouts to Use TIA Section 316(b) to Thwart Out-of-Court RestructuringsFirm Thought Leadership
Baker Botts Corporate Series: "Has the Nightmare Ended?" A Real Time Update on the State of the Energy Finance Market
With energy prices appearing to be lower for longer, Baker Botts and Jefferies will share insights from the finance and restructuring markets and highlight some of the latest developments and trends.
Debtwire will be hosting its highly anticipated Distressed Energy Forum in Houston on Wednesday, November 2, 2016.
Baker Botts Financial Restructuring Partner Emanuel C. Grillo will speak on the topic of “Operating in a Low Oil-Price Environment."