Richard Newman

Managing Director
Co-leads A&M’s Unsecured Creditors’ Committee advisory practice
18+ years of restructuring experience
Advises unsecured creditors, senior lenders and healthy and distressed companies in leveraged recapitalizations and M&A
Chicago
@alvarezmarsal
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Rich Newman is a Managing Director with Alvarez & Marsal Restructuring & Turnaround in Chicago. He co-leads Alvarez & Marsal’s Unsecured Creditors’ Committee practice and provides financial advisory services to creditors, focusing on representing official committees of unsecured creditors in bankruptcy proceedings. 

With more than eighteen years of restructuring experience, Mr. Newman has advised unsecured creditor committees, healthy and distressed companies in leveraged recapitalizations, mergers and acquisitions, and support of interim management roles. He specializes in 363 sales, best interests test, liquidity management, business plan review, solvency, formulation of reorganization plans and litigation support

Mr. Newman’s Unsecured Creditor Committee assignments include Alto Maipo Delaware LLC, Avaya, Boomerang Tube, Boxed, Inc., Buccaneer Energy, Constar, Corsicana Bedding, LLC,, Endeavour, Getty Petroleum, Global Aviation, Hollander Sleep Products, Keywell LLC, Kodak, Mallinckrodt, PLC, LifeCare, NewPage, NORPAC Foods, Inc., NPC International, Inc., Orchids Paper, NORPAC Foods, Inc., Ryckman Creek Resources, LLC, Shiloh Industries, Inc., SunEdison, Synergy Pharmaceuticals, Takata, Tintri, Vice Group Holdings Inc., and Westinghouse

Mr. Newman has also worked on debtor financial advisory, bank advisory, and out-of-court deals, including Appleton Coated, Chesapeake Corporation, Detroit Public Schools, Dresser, Inc., Kimball Hill Homes, Severstal North America, Inc., Tronox Inc., Union Carbide and Visteon Corp.

Mr. Newman’s testimony experience includes (i) Orchids Paper Products Company Case No. 19-10729, (ii) TK Holdings Inc. (f/k/a Takata) Case No. 17-11375 and (iii) Deposition re: SGK Ventures, LLC (f/k/a Keywell, LLC) Case No. 13-37603.

Mr. Newman earned a bachelor’s degree in economics from George Washington University and an MBA from The University of Texas. He has passed all three levels of the CIRA exam and received the Kroll Zolfo Cooper/Randy Waits Award for excellence on the CIRA exam.

Insights By This Professional

A&M Managing Director Rich Newman and Director Conrad Ragan were recently featured in The Credit and Financial Management Review, where they explore the impact of LMEs on credit markets, including increased litigation, risks to creditors, and market distortions.
Andrea Gonzalez will serve in A&M's Unsecured Creditors’ Committee (UCC) Advisory practice to bolsters UCC Advisory practice’s ability to maximize value for clients amidst a turbulent economic environment.
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The ADA assesses the robustness of balance sheets and earnings of thousands of companies across 33 countries, identifying companies that are in financial distress, as well as those with weak balance sheet robustness or weak performance.
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