Moore & Van Allen Law Firm, Attorneys
Practice Areas
  • B.A., Yale University, 1994
  • J.D., Boston College, 1998, summa cum laude; Order of the Coif; Editorial Board, Boston College Law Review
  • Massachusetts, 1998
  • Connecticut, 1999
  • North Carolina, 1999
  • U.S. District Courts for the Eastern, Middle and Western Districts of North Carolina
100 North Tryon Street
Suite 4700
Charlotte, NC 28202-4003

Stephen E. Gruendel

Member
Overview
Representative Matters
News & Events
Professional Affiliations

Steve Gruendel regularly represents banks and other financial institutions in connection with bankruptcy and workout situations involving troubled credits.  His clients include national and regional financial institutions that are lenders at all levels of a distressed company’s capital structure – including senior secured lenders, second-lien lenders and subordinated lenders.  He often represents administrative agents and collateral agents for syndicated credit facilities in workouts and bankruptcies. 

He is also a certified mediator and has been trained to handle collaborative law cases.

Outside of his legal practice, Gruendel is an aspiring entrepreneur as a founder of Kinetic Heights, an indoor challenge center located in South Charlotte.

Of Note

  • Certified Mediator
  • Trained in Collaborative Practice
  • Included in Chambers Partners USA in North Carolina - Bankruptcy/Restructuring, 2011-2017
  • Included in Best Lawyers in America for Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law, 2009-2018
  • Hiring Member, Moore & Van Allen, 2010-2014
  • Member, Yale Club of Charlotte
  • Former law clerk to Hon. Edward F. Harrington, United States District Judge (D. Mass.)
  • Former varsity football player, Yale College

Representative Matters

Bankruptcies

  • In re Mooreseville Commons (W.D.N.C.): Representation of senior secured lender owed approximately $6 million in chapter 11 proceedings of a single asset real estate entity.
  • In re Kaveh Properties (W.D.N.C.): Representation of senior secured lender in connection with chapter 11 proceedings of real estate holding company.
  • In re Binder & Binder (S.D.N.Y.).  Prepetition mezzanine lender ($17 million) and post-petition DIP lender ($6 million) in connection with the Chapter 11 proceedings of a disability claim advocacy firm.  Representation included priming a prior DIP facility, terminating exclusivity and filing a creditor plan.
  • Capital Infrastructure (D. Del.):  Representation of senior secured lender owed approximately $15 million by satellite cable infrastructure company.
  • Mercedes Homes, Inc. (S.D. Fla.):  Representation of agent for lenders that extended over $155 million of senior secured financing to real estate developer that emerged from chapter 11 with a confirmed plan negotiated with, and supported by, senior lenders.
  • Hendricks Furniture Group, LLC (W.D.N.C.):  Representation of senior secured lender with approximately $28 million of exposure in connection with chapter 11 proceedings of North Carolina furniture retailer, resulting in consensual plan of reorganization.
  • Mesa Air Group, Inc. (S.D.N.Y.):  Representation of lessors for multiple aircraft in connection with regional airline’s chapter 11 proceedings.
  • Den-Mark Construction, Inc. (E.D.N.C.):  Representation of secured construction lender in connection with approximately $14 million of exposure to home builder in chapter 11 proceedings.
  • Silver State Helicopters (Nev.):  Representation of lender with $30 million secured claim in complex chapter 7 bankruptcy of nationwide helicopter flight training school.

Workouts

  • Healthcare:  Administrative agent for a senior secured credit facility in connection with out of court workout involving a pharmaceutical company and its cross border intellectual property licensor, which included the disposition of substantially all of the company’s assets pursuant to a cooperative secured party sale transaction under Article 9 of the Uniform Commercial Code.
  • Food & Beverage Services:  Administrative agent for a senior secured credit facility in connection with the orderly liquidation of a regional food vending company, which included the disposition of substantially all of the company’s assets pursuant to 11 simultaneously-conducted sales under Article 9 of the Uniform Commercial Code.
  • Real Estate Development: Representation of secured lender owed approximately $27 million by regional real estate developer.
  • Private Banking: Representation of lender owed $20 million by multiple private bank clients.
  • Retail: Representation of agent for secured lenders owed in excess of $150 million by baby products company.      
  • Retail: Representation of agent for secured lenders in connection with workout involving $140 million of exposure to home products company.
  • Telecommunications: Representation of senior secured lender in connection with a workout of approximately $22 million owed by an international communications services company.
  • Agriculture: Representation of secured lender owed approximately $55 million in connection with workout involving turkey and hog growers.
  • Pharmaceutical: Representation of agent for secured lenders in connection with $125 million in exposure to pharmaceutical company.
  • Building Products: Representation of agent for secured lender owed $70 million in connection with workout involving building products supplier.
  • Financial Services: Representation of unsecured lender owed approximately $12 million in connection with workout involving servicer of distressed debt.
  • Construction: Representation of senior secured lender owed approximately $70 million in connection with wind-down of commercial excavation company.
  • Natural Gas Services: Representation of agent for second lien lenders owed approximately $40 million in connection with workout involving Canadian natural gas services company.

Professional Affiliations

  • American Bankruptcy Institute
  • American Bar Association
  • North Carolina Bar Association