People
Sara Coelho
Biography
Sara provides comprehensive finance advice in financial restructuring and lending in private credit, direct lending, and specialty finance transactions.
Sara’s financial restructuring practice focuses on restructuring and debtor-creditor rights. She represents companies, creditors and creditor groups, acquirers, equity owners and other investors in a wide range of matters, including financing arrangements, risk mitigation and planning, acquisitions of distressed or reorganized companies, liability management transactions, chapter 11 and out-of-court restructurings, cross-border insolvencies, resolution planning, and other matters.
Sara’s finance experience includes acting for creditors and agents on a variety of private credit, direct lending and special situation financings, for both acquisition, capital refinancing and liquidity management-related purposes, across a range of sectors, as well as DIP financings and exit financings. Sara’s combination of experience gives perspective into the needs of borrowers and lenders alike, and a unique ability to craft credit solutions to meet a wide range of financial and operational needs of individual businesses.
Practice areas
- Finance
- Restructuring insolvency and capital solutions
Sectors
- Financial institutions
- Energy
- Infrastructure and transport
- Capital solutions
- Private capital
Selected experience
- Bank of America, as Administrative Agent and Lead Arranger, in connection with Bank of America arranging the acquisition financing for MedImpact Healthcare Systems’ acquisition of Rite Aid’s “Elixir” PBM business in a Section 363 asset sale as part of Rite Aid's Ch. 11 cases in the District of New Jersey.
- Greenidge Generation Holdings—a bitcoin mining and power generation company—in the restructuring of its debt and business, including the transfer of a significant portion of its mining rigs to NYDIG, its equipment lender, in exchange for significant debt reduction, a new financing agreement, and 5-year hosting arrangements with NYDIG.
- Citibank N.A. as agent on a $1.75 billion DIP facility in Chapter 11 cases of Weatherford International plc—an Oil & Gas Services company—in the United States Bankruptcy Court for the Southern District of Texas.
- Chapter 15 debtor in Inversora Eléctrica de Buenos Aires’s US insolvency proceeding, implemented in parallel with Acuerdo Preventivo Extrajudicial (APE) proceeding in Argentina.
- Ad hoc group of noteholders in Newmont Goldcorp's consent solicitation and indenture amendment.
- Ad hoc group of counterparties holding approximately 2,000 MWh in long-term power purchase agreements in PG&E’s Chapter 11 cases in the United States Bankruptcy Court for the Northern District of California.
- Nuclear power plant construction contract counterparties in Westinghouse’s Chapter 11 cases.
- Major creditor in the first phase of Puerto Rico restructuring, including the first phase of the Puerto Rico Electric Power Authority (PREPA) restructuring (previous firm experience).
- GE Capital as plan sponsor in Chapter 11 case of Homer City, a power plant in Pennsylvania, and in related asset purchase transactions (previous firm experience).
- Bank of America N.A. as administrative and collateral agent under a secured credit facility totaling over $1 billion in Toys “R” Us’ Chapter 11 cases.
Education
- Bachelor of Arts, University of Pennsylvania, 2000 J.D., Cornell University, 2006
Admissions
- New York State (Second Dept)-NY-State - Bar Admitted, 2008