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Mattress Firm – Court Approves Modified Chapter 11 Plan

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November 16, 2018 – Mattress Firm filed with the Court an amended Modified Joint Prepackaged Chapter 11 Plan [Docket No. 904] blacklined to show changes from a version of the Plan filed on November 13, 2018 [Docket No. 866]. Also on November 16, 2018, the Court approved the Debtors’ Plan [Docket No. 909]. 

The amended Plan does not include any changes as to the treatment of claims or classes.

The following is a summary of classes, claims and voting rights:

 
  • Class 1 (“Other Priority Claims“) is unimpaired, presumed to accept and not entitled to vote on the Plan.
  • Class 2 (“Other Secured Claims“) is unimpaired, presumed to accept and not entitled to vote on the Plan.
  • Class 3 (“Prepetition ABL Claims“) is unimpaired, presumed to accept and not entitled to vote on the Plan.
  • Class 4 (“Prepetition Term Loan Claims“) is unimpaired, presumed to accept and not entitled to vote on the Plan.
  • Class 5 (“General Unsecured Claims“) is unimpaired, presumed to accept and not entitled to vote on the Plan.
  • Class 6 (“Intercompany Claims“) is unimpaired, presumed to accept and not entitled to vote on the Plan.
  • Class 7 (“Interests in MF Holdco“) is unimpaired, presumed to accept and not entitled to vote on the Plan.
  • Class 8 (“Intercompany Interests“) is unimpaired, presumed to accept and not entitled to vote on the Plan.

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The post Mattress Firm – Court Approves Modified Chapter 11 Plan appeared first on Daily Bankrupt Company Updates | Bankrupt Company News.


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