Paul Weiss, Akin Gump Handling Houghton Mifflin's Debt Restructuring

Houghton Mifflin Harcourt, the Boston-based publisher of educational materials, announced earlier this week that it had secured $650 million from new institutional investors. The deal will help HMH's parent, New York-based holding company Education Media & Publishing Group, restructure $4 billion of its $7 billion in debt. Paul, Weiss, Rifkind, Wharton & Garrison bankruptcy and reorganization chair Alan Kornberg and deputy chair Jeffrey Saferstein led a team from the firm advising Houghton Mifflin on the restructuring. (Kornberg and Saferstein did not immediately respond to requests for comment.)

Paul Weiss, Akin Gump Handling Houghton Mifflin's Debt Restructuring amlawdaily.typepad.com Fri, Feb 26, 2010