Aerospace Holdings Committee Hires Drinker Biddle as Counsel

The Official Committee of Unsecured Creditors of Aerospace Holdings, Inc., and its debtor-affiliates seeks authorization from the US Bankruptcy Court for the District of Delaware to retain Drinker Biddle & Reath LLP as its counsel.

Professional services Drinker Biddle will render are:

(a) attend the meetings of the Committee;
(b) review financial and operational information furnished by the Debtors to the Committee;
(c) investigate and determine the value of unencumbered assets;
(d) analyze and negotiate the budget and the terms of the debtor-in-possession financing;
(e) assist in the efforts to sell assets or equity of the Debtors in a manner that maximizes the value for creditors;
(f) review and provide due diligence on the proposed sale of substantially all of the Debtors’ assets, and negotiate with the proposed purchaser and the Debtors’ DIP Lender for a recovery for holders of general unsecured claims;
(g) review and analyze chapter 11 plan issues and pursue confirmation of a plan or plans as may be appropriate to provide distributable value to the holders of general unsecured claims;
(h) review and investigate the liens of purported secured parties;
(i) review and investigate prepetition transactions in which the Debtors and/or their insiders were involved;
(j) confer with the Debtors’ management, counsel and financial advisors;
(k) review the Debtors’ schedules, statements of financial affairs and business plan;
(l) advise the Committee as to the ramifications regarding all of the Debtors’ activities and motions before this Court;
(m) file appropriate pleadings on behalf of the Committee;
(n) review and analyze the Debtors’ financial professionals’ work product and report to the Committee on that analysis;
(o) provide the Committee with legal advice in relation to the chapter 11 cases;
(p) prepare various applications and memoranda of law submitted to the Court for consideration; and
(q) perform such other legal services for the Committee as may be necessary or proper in these proceedings.

The current hourly rates of the Drinker Biddle professionals are:

Robert K. Malone Partner $800
Steven K. Kortanek Partner $750
Andrew J. Flame Partner $680
Patrick A. Jackson Associate $565
Joseph N. Argentina, Jr. Associate $450
Ravi Vohra Associate $390
Tamara L. Stoner Paralegal $350

Steven K. Kortanek, attorney at law and a partner at the law firm of Drinker Biddle & Reath LLP, attests that Drinker Biddle does not have an interest adverse to the Debtors’ estates and is a “disinterested person,” as that term is defined in section 101(14) of the Bankruptcy Code, as modified by section 1103(b) of the Bankruptcy Code.

The Firm can be reached through:

Steven K. Kortanek, Esq.
Patrick A. Jackson, Esq.
DRINKER BIDDLE & REATH LLP
222 Delaware Ave., Suite 1410
Wilmington, DE 19801-1621
Telephone: (302) 467-4200
Facsimile: (302) 467-4201
Email: steven.kortanek@dbr.com
patrick.jackson@dbr.com

– and –

Robert K. Malone, Esq.
Ravi Vohra, Esq.
DRINKER BIDDLE & REATH LLP
600 Campus Drive
Florham Park, NJ 07932-1047
Tel: (973) 549-7000
Fax: (973) 360-9831
E-mail: robert.malone@dbr.com
ravi.vohra@dbr.com

About Aerospace Holdings

Aerospace Holdings, Inc., designs and manufactures a wide variety of products, including machined parts, fabricated components, and tooling for the commercial aerospace and defense markets. The company encompasses a full spectrum of precision manufacturing capabilities for any scale, from individual prototypes to large lot production.

The Debtor sought Chapter 11 protection (Bankr. D. Del. Case No. 17-10635) on March 27, 2017. The petition was signed by Matthew Sedigh, chief restructuring officer. The Debtor estimated assets in the range of $10 million to $50 million and $50 million to $100 million in debt.

The Debtor tapped Dennis A. Meloro, Esq., and Nancy A. Mitchell, Esq., at Greenberg Traurig, LLP, as counsel.

An Official Committee of Unsecured Creditors has been appointed in the Chapter 11 case.