Akin Gump Guides Hycroft Mining through Restructuring and Out of Bankruptcy
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(New York) – Hycroft Mining Corporation (previously known as Allied Nevada Gold Corp.) has completed its financial restructuring and emerged from Chapter 11 bankruptcy protection, with Akin Gump serving as its legal advisor. With the support of Hycroft Mining’s debt holders and creditors, the company’s plan of reorganization was approved by the United States Bankruptcy Court for the District of Delaware on October 8.
As a result of the financial restructuring, Hycroft Mining has eliminated approximately $447.7 million of debt from its balance sheet.
Ira Dizengoff and Philip Dublin, partners in Akin Gump’s financial restructuring practice, and corporate partner Dan Fisher, led the team representing the company.
Founded in 1945, Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.
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