Jacob Lang

Associate

Jacob Lang works with financial institutions and companies in a range of complex financial transactions, with a concentration on corporate restructurings and bankruptcies. He has experience advising financial institutions as debtor-in-possession lenders, as well as litigating on their behalf as the need arises. Jacob also advises insurance providers and other creditor-side companies throughout the bankruptcy process.

Representative Engagements

  • PNC Bank, National Association as the Administrative Agent for a DIP Financing arrangement totaling $550 million provided to Big Lots, Inc. and its subsidiaries in its Chapter 11 case in the U.S. Bankruptcy Court for the District of Delaware.
  • Represent insurers in numerous bankruptcy cases, including mass tort bankruptcy cases, throughout United States relating to collateral and premium disputes and procedures for resolving coverage disputes. Cases include: Boy Scouts of America, Endo International, plc., and Cineworld Group, plc.
  • Represent debtor-in-possession and first-lien lenders and agents in connection with a number of Chapter 11 bankruptcies in various sectors. Cases include: Tuesday Morning, Core Scientific, Inc., and AeroCision Parent, LLC.

Education & Credentials

Boston College Law School
JD, 2021, cum laude
Salve Regina University
BA, 2018, magna cum laude

Admissions

Massachusetts

Clerkships

Chief Judge Frank J. Santoro
U.S. Bankruptcy Court, Eastern District of Virginia

Jacob's Insights

Announcements 09.17.2024

Choate Represents PNC Bank as Administrative Agent for DIP Financing to Big Lots

Choate represented PNC Bank, National Association, as administrative agent in connection with a syndicated Senior Secured Superpriority Debtor-In-Possession Asset-Based Revolving Credit Facility (the "ABL DIP Facility") of up to $550M to Big Lots, Inc. and certain of its subsidiaries.

Announcements 03.21.2024

Finance and Restructuring Team Receives Two M&A Advisor Turnaround Awards

Choate's Finance & Restructuring team has been recognized in The M&A Advisor’s 18th Annual Turnaround Awards for the "Consumer Discretionary Deal of the Year (Under $100MM)" and the "Restructuring of the Year ($500MM to $1B)."

Announcements 12.27.2023

Choate Represents Bank of America in Precedent-Setting Credit Facilities for Rite Aid Corporation

Representing Bank of America in connection with debtor-in-possession financings for Rite Aid Corporation and its subsidiaries, Choate secured final court approval for the largest ever retail and consumer product sector debtor-in-possession financing on December 22, 2023.