Winter Harbor LLC


Manufacturer Selects Section 363 Bankruptcy Sale


HusseyCopper is a fully integrated manufacturer of flat-rolled and fabricated copper products, with $425 million in annual revenue. Their products are supplied to the electrical, architectural and corrosion/bio-resistant markets. Their products include: construction copper sheet, transformer winding, copper tape, copper strip, sheet, and plate, as well as copper-nickel sheet and plate.

Our Role

  • Monitored operational performance and directed short-term operational strategy.

  • Managed day-to-day financial affairs to maximize liquidity.

  • Led discussions and negotiations with the Company’s lenders and attempted to arrange take-out financing.

  • Prepared the Company for a bankruptcy filing and managed it through a bankruptcy process including arranging DIP financing.

  • Led a successful asset-sale process in bankruptcy.

  • Successfully defended a creditor lead effort to substantively consolidate the Debtors’ six estates.

  • Allocated purchase price to four of the Debtors’ estates, and quantified valid inter-company claims.

  • Administered the Debtors’ estate to a final conclusion.

Engagement Outcome

HusseyCopper operations were sold in a Section 363 bankruptcy asset sale. Claims were resolved through negotiation and court rulings, and proceeds were distributed to creditors and equity holders. HusseyCopper operations remain active and in business.