Kenneth E. Noble

Partner

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Practices
Industries
Education
  • University of Illinois College of Law, JD, summa cum laude
  • Northern Illinois University, BS
Admissions
  • New York
  • U.S. Supreme Court
  • U.S. Court of Appeals for the 6th Circuit
  • U.S. Court of Appeals for the 7th Circuit
  • U.S. District Court for the Northern District of Illinois
  • U.S. District Court for the Eastern District of Michigan
  • U.S. District Court for the Southern District of New York

Kenneth Noble is an attorney who focuses his bankruptcy, restructuring and creditors' rights practice on representing foreign and domestic banks, financial institutions, funds and other creditor groups in connection with middle-market and large cap out-of-court workouts and bankruptcy proceedings. His restructuring practice is industry agnostic, often concentrating in specific sectors based on macro- and micro-economic trends. He is a sought-after lecturer on complex and emerging bankruptcy and restructuring issues.

In the News

Ken Noble
vCard
T: +1 212 548 7005F: +1 212 715 23091345 Avenue of the Americas
7th Floor
New York, NY 10105-0106
Healthcare

Represented the administrative agent under a $225 million letter of credit reimbursement agreement in connection with the restructuring of Mirabella Tower at South Waterfront, a premier continuing care retirement center.

Represented the administrative agent under a $165 million credit facility in connection with out-of-court sale and restructuring of Allion Healthcare, a specialty pharmacy and disease management company.

Represented the administrative agent under a $50 million credit facility in connection with the out-of-court restructuring of Loving Care, a leading provider of home health services.

Represented the administrative agent under a $50 million credit facility in connection with a stock foreclosure and out-of-court restructuring of Vision Twenty-One, which was a publicly owned vision healthcare company.

Education

Represented the administrative agent under a $125 million credit facility in connection with a pre-packaged Chapter 11 restructuring of Penn Foster, a for-profit provider of accredited online high school, career and college programs.

Represented the administrative agent under a $80 million credit facility in connection with the out-of-court restructuring of Education Dynamics, LLC, a provider of marketing support and enrollment services to post-secondary education.

Represented the administrative agent under a $30 million credit facility in connection with the out-of-court restructuring and exit of Glenwood Academy, a nonprofit school.

Municipal

Represented the holder of $65 billion of bonds in connection with the city of Detroit's Chapter 9 case.

Represented city of East St. Louis in connection with Chapter 9 analysis and out-of-court restructuring negotiations.

Retail

Represented the administrative agent under a $125 million credit facility in connection with the out-of-court restructuring of Empire Carpets, a home improvement and home furnishing company specializing in installed carpet, flooring and window treatments.

Represented the lender in a $50 million credit facility in connection with the out-of-court restructuring of Young America Corporation's consumer promotion fulfillment services.

Represented the administrative agent under a $750 million credit facility in connection with a Chapter 11 proceeding involving Spiegel, a leading international general merchandise and specialty retailer and its affiliates.

Represented the Official Bank Creditors' Committee of Handy Andy Home Improvement Centers, Inc., a major regional hardware company.

Represented the Official Unsecured Creditors' Committee of Highland Superstores, Inc., a major electronics retailer.

Represented the holder of $65 billion of bonds in connection with the city of Detroit's Chapter 9 case.

International

Represented the administrative agent under a $150 million credit facility in connection with Chapter 11 bankruptcy proceedings and related litigation of Morgan Creek International regarding international distribution rights to a major motion picture library.

Represented the administrative agent under a $100 million credit facility in connection with Hill International, Inc.'s out-of-court restructuring of project management and construction claims services.

Represented the administrative agent under a $120 million credit facility in connection with the out-of-court exchange offer and recapitalization of Weigh-Tronix, a leading international manufacturer, marketer and servicer of industrial and food retail weighing systems and its domestic and foreign subsidiaries.

Manufacturing

Represented the administrative agent under a $150 million credit facility in connection with out-of-court restructuring of Gibson Guitar Corporation, which manufactures a premier line of instruments under various brands.

Represented the administrative agent under a $140 million credit facility in connection with the out-of-court restructuring of PDM Bridge, LLC, a steel fabricator of complex bridge structures.

Represented the administrative agent under a $300 million (Cdn.) credit facility in connection with pending Chapter 11 proceedings involving Slater Steel, one of the largest specialty steel processors in North America and its affiliates.

Represented the administrative agent under a $60 million credit facility in connection with an out-of-court restructuring of Beacon Industries, an international manufacturer of metalworking and metal fabrication equipment.

Represented the administrative agent under a $55 million credit facility in connection with an out-of-court restructuring of Monona Wire and its domestic and foreign subsidiaries, which manufacture electrical wire harnesses and related subassemblies.

Represented the administrative agent under a $68 million credit facility in connection with an out-of-court liquidation of FlexTek, a sheet metal fabrication and stamping manufacturer.

Real Estate

Represented the administrative agent under a $650 million credit facility in connection with out-of-court restructuring of Rockwood Ocean, LLC, which owned and operated a portfolio of full-service hotels on the East Coast.

Represented a steering committee member under a $566 million credit in connection with Chapter 11 proceedings involving Sea Island Company, which owned and operated a luxury resort and golf vacation destination.

Represented the lender under a $265 million loan, lease and construction facilities in connection with equity enforcement and out-of-court restructuring for Muvico Theaters, a chain of premium, mega-plex motion picture theaters.

Represented the lender under a $250 million lease financing in connection with Chapter 11 bankruptcy proceedings of AMF Bowling Centers, the largest domestic bowling chain.

Gaming

Represented the lender under a $750 million bilateral credit facility in connection with the out-of-court restructuring of M Resort Spa Casino Las Vegas, a luxury boutique hotel and casino. As a result of the successful outcome of this matter, Mr. Noble was recognized as a finalist for the 2011 ACG Art of the Deal Award.

Represented the administrative agent under a $250 million credit facility in connection with the out-of-court restructuring of MS Gaming, which owned and operated the Edgewater and Colorado Belle gaming resorts.

Represented a steering committee member in connection with the out-of-court restructuring of a $7 billion credit facility to MGM Resorts International, the second-largest gaming company in the world.

Represented a steering committee member under a $900 million credit facility in connection with Chapter 11 proceedings involving Station Casinos, an owner and operator of 18 casinos and resorts.

Represented a steering committee member under a $900 million credit facility in connection with Chapter 11 proceedings and litigation relating to the construction and sale of the Fontainebleau Resort hotel, condo and casino development.

Telecommunications

Represented the administrative agent under a $2 billion credit facility in connection with Chapter 11 proceedings involving Adelphia Communications Corporation, the sixth-largest provider of cable television services in North America and its affiliates.

Represented the administrative agent under a $133 million credit facility in connection with workout negotiations and confirmation of a pre-arranged Chapter 11 plan of reorganization of Metrocall, the second-largest provider of paging and related wireless messaging in North America.

Represented the administrative agent under a $310 million credit facility in connection with a Chapter 11 sale pursuant to a plan of reorganization of Benedek Broadcasting, an owner and operator of various television stations.

Represented the administrative agent under a $120 million credit facility in connection with a stock foreclosure and out-of-court liquidation of Duro Communications, a provider of dial-up Internet access.

Represented the administrative agent under a $200 million credit facility in connection with restructuring negotiations and the subsequent Chapter 7 liquidation of TSR Wireless, the fourth-largest provider of paging and other wireless messaging and related services in North America.

Represented the Official Unsecured Creditors' Committee of Old UGC, Inc., with $1.5 billion in public bonds outstanding, and the owner of Chile's largest multi-channel television and high-speed Internet provider, as well as Australia's second-largest subscription television operator.

Represented the Official Unsecured Creditors' Committee of Midcom Communications, a major provider of telecommunications services.

Other

Represented the lender under a $25 million credit facility in connection with out-of-court restructuring of Six Sigma Qualtec, a provider of quality control services.

Selected for inclusion in The Best Lawyers in America guide, Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law, 2013-2017

Named to “New York Super Lawyers,” Thomson Reuters, 2011-2016

Selected for inclusion in Who's Who in America, Marquis Who’s Who, 2015

Selected for inclusion in Who's Who in American Law, Marquis Who’s Who, 2009-2015

Selected for inclusion in Who's Who in the World, Marquis Who’s Who, 2009-2011

Turnaround Atlas, Pre-Packaged Restructuring of the Year, Middle Markets, 2014

Art of the Deal Award, Finalist, 2011

Author, "Midstream Gathering Agreements Rejected in Sabine Oil & Gas Bankruptcy," Holland & Knight Alert; LexisNexis, March 10, 2016
Co-author, "Municipal Bankruptcies: An Overview and Recent History of Chapter 9 of the Bankruptcy Code," Pratt's Journal of Bankruptcy Law, July/August 2013
Author, "Lender Liability," Norton Bankruptcy Law and Practice, Third Edition, 2008–2009
Co-author, "Bankruptcy: A Survival Guide for Lenders," American Bankruptcy Institute, Second Edition, 2008
Co-author, "Standing to Surcharge the Secured Creditor: Policy, Plain Meaning and Payment Under Section 506 (c) of the Bankruptcy Code," Journal of Bankruptcy Law and Practice, West Group, March/April 1996
Panelist and Moderator, "Structuring Agreements Among Lenders in Unitranche Loan Facilities and Overcoming Bankruptcy-Related Risks," Strafford CLE, December 15, 2016
Panelist and Moderator, "Illuminating Developments in Intercreditor Dynamics: The Impact of Energy Future Holdings Corp.," Loan Syndications and Trading Association Webcast, May 24, 2016
Panelist and Moderator, "Intercreditor Arrangements – How Do They Hold Up In Bankruptcy?," LSTA and LMA Joint Conference, May 19, 2016
Panelist, "Restructuring Unitranche Loan Facilities," Strafford CLE Webinar, March 24, 2016
Panelist, "Structuring New Money Investments in Workout," Chicago, Illinois, February 2015
Speaker, "Recent Bankruptcy Developments and Lessons Learned," New York, New York, July 2014
Panelist, "A Brave New World? Exploring Chapter 9 Debt Relief for Detroit and Other Municipalities,", Webinar, March 2014
Speaker, "Intercreditor Agreements and Bankruptcy," Greenwich, Connecticut, February 2014
Speaker, "Coercive Loan Restructurings – Tools and Trends," Chicago, Illinois, September 2013
Panelist, "Comparison of Mezzanine and Second Lien Debt," Nashville, Tennessee, September 2013
Panelist and Moderator, "Negotiating Second Lien Intercreditor Agreements," Chicago, Illinois, June 2013