Clay Roberts is Of Counsel on the firm’s Business Reorganization Team in Miami. Clay focuses his practice on commercial bankruptcy and restructuring matters, insolvency-related disputes, workouts, and distressed M&A. Clay has served as counsel to debtors, creditor committees, investors, bondholders, and asset purchasers in complex Chapter 11 cases. Clay also has experience in corporate transactions and mergers & acquisitions. He currently serves as the Co-Chair for the Chapter 11 Subcommittee in the American Bar Association's Business Law Section.
Representative Matters 
- Counsel to an international bank, as administrative agent, under a $2.8 billion credit facility with Mallinckrodt plc, a global pharmaceutical company and its affiliates.
- Counsel to an ad hoc group of holders of $475 million of unsecured bonds in the Chapter 11 restructuring of iHeartMedia, the largest owner and operator of radio stations in the United States.
- Counsel to the seller in a $78 million sale of a privately-held wholesale supply business that specializes in the distribution of replacement OEM and after-market keyless entry remotes, keys, and hardware to a portfolio company of a private equity firm.
- Counsel to an investment management firm in the out-of-court restructuring of Affinion Group Holdings, Inc., a leading customer engagement and loyalty marketing company.
- Counsel to a leading international provider of airport ground services and air cargo handling, on its comprehensive restructuring and recapitalization, resulting in a de-levered and strengthened balance sheet.
- Counsel to a global asset management firm, the largest holder of second lien notes, in the Chapter 11 restructuring of Claire’s Stores, Inc.
- Counsel to an ad hoc group of consenting cross-over holders of unsecured bonds and secured term loans in the Chapter 11 restructuring of Acosta, Inc.
- Counsel to an energy company in its $9.45 billion all-cash acquisition of Energy Future Holdings Corp., resulting in the creation of the largest utility holding company in the United States.
Community Activities / Associations
- American Bar Association
- Chapter 11 Subcommittee of the ABA Business Bankruptcy Committee, Co-Chair (2014 – Present)
- American Bankruptcy Institute, Member (2013 – Present)
- Dade County Bar Association, Member (2015 – Present)
Awards & Honors
- American Bar Association, Section of Business Law’s Business Bankruptcy Committee, Kathryn R. Heidt Memorial Award, 2022
- Florida Super Lawyers, Rising Star (2019 - 2024)
- The Best Lawyers in America, Ones to Watch, Bankruptcy and Creditor Debtor Rights - Insolvency and Reorganization Law, (2022 – 2023)
Prior Affiliations
- Bilzin Sumberg Baena Price & Axelrod LLP
- White & Case LLP
- Genovese Joblove & Battista, P.A. (n/k/a Venable LLP)
- Judicial Law Clerk, Honorable Laurel M. Isicoff, United States Bankruptcy Court for the Southern District of Florida