Practice Areas
Education
- B.A., Rhodes College, 1982, with honors; J. R. Hyde Scholar; Phi Beta Kappa
- J.D., Vanderbilt University, 1986; Elliott E. Cheatham Scholar; Board of Editors, Vanderbilt Law Review
Bar & Court Admissions
- North Carolina, 1986
David L. Eades
David Eades heads Moore & Van Allen's Bankruptcy and Restructuring team. Lenders, administrative agents, collateral agents and indenture trustees call on him to represent them in complex workouts and bankruptcy proceedings. David has successfully represented numerous clients in proceedings across the country and across a wide spectrum of industries.
Representative Matters
Bankruptcies
- Centennial Healthcare Corporation (N.D. Ga.): Representation of co-agent for syndicate of lenders with over $220 million of loan and synthetic lease exposure in bankruptcy involving multi-state nursing home company, including negotiation of confirmed liquidating chapter 11 plan.
- Crown Pacific L.P. (Ariz.): Representation of agent for syndicate of lenders with $200 million in exposure in negotiating confirmed creditors' plan for debtor timber company. Prepetition, negotiated major restructure involving significant additional collateral coverage, $78 million pay-down and resolution of difficult intercreditor issues with private placement note holders holding $250 million of senior debt.
- DBSI, Inc. (Del.): Representation of secured lender with over $66 million of secured claims against real property in five states.
- 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.
- Qimonda Richmond, LLC (Del.): Representation of indenture trustee for loan participants that extended over $150 million in leveraged lease equipment financing in connection with lease to semiconductor manufacturer.
- Silver State Helicopters, LLC (Nev.): Representation of lender with $30 million secured claim in complex chapter 7 bankruptcy of nationwide helicopter flight training school.
- Smith Mining & Materials, LLC (W.D. Ky.): Representation of senior secured lender with $14 million of exposure in chapter 11 case of multi-state mining company.
- Railworks Corporation (Md.): Representation of agent for lender syndicate holding $200 million in prepetition debt in rail contractor’s chapter 11 bankruptcy proceeding. Representation included the negotiation of complex five-facility DIP credit arrangements with debtor and its surety as well as plan of reorganization, which was confirmed.
- TransCare Corporation (S.D.N.Y.): Representation of senior secured lender with $65 million of prepetition exposure to Manhattan ambulance company in connection with confirmed prepackaged debt-for-equity chapter 11 plan.
- U.S. Airways Group, Inc. (II) (E.D. Va.): Representation of agent for syndicate of lenders, including Air Transportation Stabilization Board, under $1 billion prepetition credit facility in connection with all facets of debtors’ bankruptcy proceedings.
Workouts
- Consulting: Representation of agent for lender syndicate in successful restructuring, reducing $65 million exposure to full payoff of senior debt facility to Florida consulting company.
- Leasing: Representation of agent for syndicate of lenders with $100 million of exposure in workout and subsequent refinance of credit facility to California automated teller machine lessor.
- Manufacturing: Representation of agent for syndicate of lenders in workout and ultimate full payoff of $500 million exposure to Alabama manufacturing conglomerate.
- Municipal Finance: Representation of variable rate securities liquidity bank, auction rate securities broker-dealer and interest rate swap provider in connection with defaulted $3.2 billion Alabama county sewer bond issuance.
- Retail Marketing: Representation of administrative and collateral agent for syndicate of lenders in successful restructurings of New England marketing company involving $25 million new equity investment from sponsor and subsequent refinancing.
- Telecommunications: Representation of agent for syndicate of lenders that worked down $100 million exposure to Washington D.C. area telecommunications company to full payoff.
- Trucking: Representation of agent for loan syndicate in comprehensive restructure of $100 million in loans to Florida trucking company, involving the procurement of significant additional collateral coverage and the resolution of difficult intercreditor issues with private placement insurance company note holders.
- Wholesale Distributing: Representation of administrative and collateral agent for syndicate of lenders in workout culminating in consensual Article 9 sale of New York wholesale distributor's assets.
Of Note
- Member, Board of Directors, Charlotte's Urban Ministry Center
- Included in Best Lawyers in America for Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law and Bankruptcy Litigation, 1999 - 2012.
- Included in Business North Carolina's Legal Elite list, 2002 - 2012. His primary area of practice is Bankruptcy.
- Included in Chambers Partners USA in North Carolina - Bankruptcy/Restructuring, 2004 - 2011.
- Selected for inclusion to the North Carolina Super Lawyers list in 2006 - 2012. His primary area of practice is Bankruptcy & Creditor/Debtor Rights.
-
The International Who’s Who of Insolvency & Restructuring Lawyers for 2010 and 2011.
News
- Moore & Van Allen Receives Chambers’ Top Recognitions
- 2011 Legal Elite recognizes 21 MVA attorneys
- MVA attorneys honored by NC Super Lawyers
- Nineteen Moore & Van Allen Attorneys Recognized as Legal Elite
- Thirty-six Moore & Van Allen Attorneys Named to North Carolina Super Lawyers 2010
- Chambers USA Names Moore & Van Allen Top Industry Leaders
Professional Affiliations
- American Bankruptcy Institute
- North Carolina Bar Association: Bankruptcy Section Council
- Turnaround Management Association