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Point.360 Bankruptcy Objection Filed

Medley Capital (MCC) and Medley Opportunity Fund II (MOF) filed with the U.S. Bankruptcy Court an objection to Point.360’s motion for an order extending the plan and disclosure statement filing...

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Premier Exhibitions Bankruptcy Settlement Approved

The U.S. Bankruptcy Court approved Premier Exhibitions’ settlement agreement with 417 Fifth Ave Real Estate. Creditor 417 Fifth Ave Real Estate, the landlord of the Company’s former New York exhibition...

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Toys “R” Us Bankruptcy Update Provided

Toys “R” Us (Canada) announced that it is unaffected by the recent Toys “R” Us motion seeking U.S. Bankruptcy Court approval to begin the process of conducting an orderly wind-down of its U.S....

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EV Energy Partners to File Prepack

On March 14, 2018, EV Energy Partners, L.P. and its subsidiaries announced that the Company entered into a restructuring support agreement with certain holders of approximately 70% of its 8% senior...

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Guitar Center Distressed Debt Exchange

On March 12, 2018, S&P Global Ratings lowered its corporate credit rating on Guitar Center Holdings, Inc. and its operating subsidiary and borrower Guitar Center Inc. to CC from CCC-. According to...

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Claire’s Stores Pre-Negotiated Bankruptcy

Claire’s Stores and 12 affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 18-10584. The Company, which retails specialty...

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Orion Healthcorp Bankruptcy

Orion Healthcorp and 20 affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Eastern District of New York, lead case number 18-71748. The Company, which provides...

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CFG Bankruptcy Objection Filed

China Fishery Group’s ad hoc committee of senior noteholders filed with the U.S. Bankruptcy Court an objection to the Company’s notice of sale of a non-debtor vessel. The committee asserts, “The Court...

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Real Industry Bankruptcy Extension Sought

Real Industry filed with the U.S. Bankruptcy Court a motion to extend the exclusive period during which the Debtors have the exclusive right to file a Chapter 11 plan and solicit acceptances thereof...

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Orexigen Therapeutics Bankruptcy Bid Procedures

Orexigen Therapeutics filed with the U.S. Bankruptcy Court a motion for an order approving bidding procedures and protections for the sale of substantially all assets of Debtor; approving procedures...

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Weinstein Company Bankrupt

Privately-held Weinstein Company Holdings and more than 50 affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 18-10601. The...

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Breitburn Energy Bankruptcy Financing Amended

Breitburn Energy Partners filed with the U.S. Bankruptcy Court a motion to approve an eighth amendment to the Company’s post-petition financing arrangements. The motion explains, “Pursuant to this...

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Cobalt International Energy Bankruptcy Extension Sought

Cobalt International Energy filed with the U.S. Bankruptcy Court a motion to extend the Company’s exclusive period to file a Chapter 11 plan and solicit acceptances thereof through and including August...

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GenOn Energy Bankruptcy Extension Sought

GenOn Energy filed with the U.S. Bankruptcy Court a second motion to extend exclusive period during which the Company can file a Chapter 11 plan and solicit acceptances thereof through and including...

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Claire’s Bankruptcy Financing Sought

Claire’s Stores filed with the U.S. Bankruptcy Court a motion for an order authorizing the Debtors to obtain post-petition financing, authorizing the use of cash collateral, granting adequate...

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Doors Close for Pere Marquette: Bankrupt

Privately-held Pere Marquette Hotel, LLC has filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Central District of Illinois, lead case number 18-80361. The Company is based in East...

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Weinstein 363 Sale Detailed

Weinstein Company Holdings filed with the U.S. Bankruptcy Court a motion for entry of orders approving bidding procedures for the sale of substantially all of the Debtors’ assets; approving stalking...

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Claire’s Bankruptcy Financing Approved

The U.S. Bankruptcy Court approved, on an interim basis, Claire’s Stores’ post-petition financing motion. As previously reported “The Debtors request for a $135 million DIP Financing facility,...

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Orion Bankruptcy Financing Approval Sought

Orion Healthcorp filed with the U.S. Bankruptcy Court a motion for authority to obtain credit, under Section 364(b), Rule 4001(c) or (d), in addition to motion to the Company’s motion to use cash...

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Seadrill Interest Rate Capped

The U.S. Bankruptcy Court approved Seadrill’s emergency motion for interest rate caps. As previously reported, “The Debtors’ capital structure is composed of twelve secured credit facilities (the ‘Bank...

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