Insights

Choate Represents Bank of America in Rite Aid Restructuring

Choate represented Bank of America, as agent for a syndicate of lenders, in connection with Rite Aid Corporation’s and its subsidiaries’ (“Rite Aid”) Chapter 11 restructuring proceedings, culminating in Rite Aid’s emergence from Chapter 11 on August 29, 2024 supported by a $2.55 billion asset-based credit facility led by Bank of America.

Choate Attorneys Recognized in Best Lawyers in America® 2025

The Best Lawyers in America® has recognized 44 Choate attorneys in its 2025 edition. Recognition in Best Lawyers® is based entirely on peer review and is widely regarded by both clients and legal professionals as a significant honor.

Choate Ranks Highly in 2024 Legal 500

The 2024 edition of The Legal 500 recognized 40 Choate attorneys in their respective fields and 10 practice areas.

Choate Lawyers and Practice Groups Recognized by Chambers 2024

The 2024 edition of Chambers USA Guide to America’s Leading Lawyers for Business recognized 34 Choate attorneys as leading counsel in their respective fields, with seven receiving Band 1 rankings.

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)."

First Eagle Alternative Credit Leads $88M Term Loan Facility to Dorel

Choate represented First Eagle Alternative Credit as administrative agent to a group of lenders in an $88M senior secured term loan credit facility to Dorel Industries Inc., a global manufacturer of juvenile products and home furnishings.

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.

Choate Attorneys Recognized in Best Lawyers in America® 2024

Best Lawyers in America® has recognized 43 Choate attorneys in its 2024 edition, including naming 4 partners as Lawyer of the Year in Boston for their respective practice areas.

Choate Represents Citizens Bank in Yellow Corp.’s Bankruptcy

Choate represents Citizens Bank in connection with the bankruptcy proceeding of U.S. trucking firm Yellow Corp., which filed for Chapter 11 bankruptcy protection in federal bankruptcy court in Delaware on Sunday August 6, 2023.