Cumulus Media Bankruptcy Objections Filed
Multiple parties–including U.S. Bank National Association, the SEC and Escambia Trade Center–filed with the U.S. Bankruptcy Court separate objections to Cumulus Media’s First Amended Plan. The SEC...
View ArticleBI-Lo, Winn-Dixie Bankrupt–Again
Southeastern Grocers (a/k/a Winn-Dixie, BI-LO and Harveys Supermarkets) and more than 25 affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware,...
View ArticleEzra Bankruptcy Extension Approved
The U.S. Bankruptcy Court approved Ezra Holdings’ motion to extend the exclusive period during which the Company can file a Chapter 11 plan and solicit acceptances thereof through and including March...
View ArticleCenveo Bankruptcy Examiner Named
The U.S. Trustee assigned to the Cenveo case filed with the U.S. Bankruptcy Court a motion for appointment of a Chapter 11 examiner. The order states, “Pursuant to the Order Appointing An Examiner...
View ArticleCobalt Bankruptcy Objections Filed
Multiple parties–including the SEC, A2D Technologies, Consorcio Western Geco 176-99, TGS Canada, TGS-NOPEC Geophysical, WesternGeco Seismic Holdings, Anadarko Petroleum and Nexen Petroleum–filed with...
View ArticleRemington Bankruptcy Hearing Scheduled
The U.S. Bankruptcy Court issued a revised order scheduling a combined hearing to consider both Remington Outdoor Company’s Disclosure Statement and Joint Prepackaged Chapter 11 Plan of Reorganization...
View ArticleCOPSync Bankruptcy Extension Approval Sought
COPSync filed with the U.S. Bankruptcy Court a motion to extend the exclusive period during which the Company can file a Chapter 11 plan and solicit acceptances thereof through and including April 29,...
View ArticleRemington Interim Financing Approved
The U.S. Bankruptcy Court issued an interim order approving Remington Outdoor Company’s post-petition secured financing motion. As previously reported, “The D.I.P. Term Facility is a senior secured...
View ArticleRentech Bankruptcy Objection Filed
Westchester Surplus Lines Insurance Company, ACE American Insurance Company, Federal Insurance Company and Executive Risk Indemnity (collectively, “Chubb Companies”) filed with the U.S. Bankruptcy...
View ArticleOrion Bankruptcy Financing Approved
The U.S. Bankruptcy Court issued an interim order approving Orion Healthcorp’s motion to obtain credit, under Section 364(b) Rule 4001(c) or (d). As previously reported, “By this Motion, the Debtors...
View ArticleCumulus Bankruptcy Objections Filed
Cumulus Media’s official committee of unsecured creditors and the ad hoc cross-holder committee filed with the U.S. Bankruptcy Court separate objections to the Company’s First Amended Joint Plan of...
View ArticleBreitburn Energy Bankruptcy Financing Amended
The U.S. Bankruptcy Court approved Breitburn Energy Partners’ motion for an eighth amendment to the Company’s post-petition financing arrangements. As previously reported, “Pursuant to this Motion, the...
View ArticleReal Industry DS Approved
The U.S. Bankruptcy Court approved Real Industry’s Disclosure Statement and scheduled a May 1, 2018 hearing to consider the Revised Plan of Reorganization. Plan objections are due by April 26, 2018. As...
View ArticleCobalt International Energy Objections Filed
Cobalt International Energy’s official committee of unsecured creditors, the ad hoc committee of unsecured noteholders and Whitton Petroleum Services filed with the U.S. Bankruptcy Court separate...
View ArticleOrion Healthcorp Bankruptcy Complaint Filed
Orion HealthCorp filed with the U.S. Bankruptcy Court a complaint against multiple defendants for avoidance of fraudulent transfers, constructive trust and injunctive relief. The complaint alleges,...
View ArticleQuality Sleep Solutions Bankrupt
Privately-held Quality Sleep Solutions, Inc. (D/B/A The Rio Rancho Sleep Center, The Santa Fe Sleep Center, The Las Lunas Sleep Center, The Las Cruces Sleep Center, The Los Alamos Sleep Center, The...
View ArticleTesla, Inc. Downgraded
On March 27, 2018, Moody’s Investors Service downgraded Tesla, Inc.’s corporate family rating to B3 from B2, probability of default rating to B3-PD from B2-PD and its unsecured notes rating to Caa1...
View ArticleDel Monte Downgraded
On March 23, 2018, S&P Global Ratings lowered its corporate credit rating on Del Monte Foods, Inc. to CCC- from CCC+, its $710 million first-lien term loan due 2021 to CCC- from CCC+ and its $260...
View ArticleAppvion Bankruptcy Extension Sought
Appvion filed with the U.S. Bankruptcy Court a motion to extend the exclusive period for the filing a Chapter 11 plan and solicitation of acceptances thereof through and including May 29, 2018 and July...
View ArticleWalking Company Bankruptcy Objection Filed
Walking Company Holdings’ official committee of unsecured creditors filed with the U.S. Bankruptcy Court an objection to Debtors’ financing motion. The objection asserts, “While the Debtors champion...
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