Brookstone – Seeks DIP Financing of $30 Million from Prepetition Lenders
August 2, 2018 – Brookstone has requested Court authority to obtain postpetition secured financing from its prepetition ABL Lenders in an aggregate principal amount of up to $30 million. Wells Fargo...
View ArticleBrookstone, Inc. Chapter 11 Petition Filed
August 2, 2018 – Brookstone, Inc. (“Brookstone”) and nine affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 18-11781....
View ArticleRM Holdco LLC (Real Mex Restaurants) Chapter 11 Petition Filed
August 5, 2018 – Privately-Held RM Holdco LLC and its subsidiaries, including Real Mex Restaurants, announced that it has executed an Asset Purchase Agreement with an affiliate of Z Capital Group, LLC....
View ArticleBrookstone – Court Approves Store Closing Sales Agreement and Closing Plan
August 3, 2018 – The Court hearing the Brookstone case has issued an order (i) authorizing the Debtors to assume the closing store agreement, (ii) authorizing and approving the store closing sales free...
View ArticleLockwood International – Taxing Entities File Objection to Sale Motion
August 3, 2018 – Sheldon Independent School District, Brazoria County Tax Office, Klein Independent School District and Waller County Tax Office filed with the Court an objection to Lockwood...
View ArticleFirstEnergy Solutions – Asset Sale Procedures Approved
August 3, 2018 – The Court hearing the FirstEnergy Solutions’ case has approved the Debtors’ Sale Motion [Docket No. 1098]. As previously reported [Docket No. 908], “After extensive deliberations with...
View ArticleA’GACI – Plan Effective
August 3, 2018 – A’GACI’s Second Amended Plan of Reorganization became effective, and the Company emerged from Chapter 11 protection [Docket No. 507]. The Court hearing the A’GACI case had previously...
View ArticleSamuels Jewelers, Inc. – Chapter 11 Petition Filed
August 7, 2018 – Samuels Jewelers, Inc. filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, case number 18-11818. The Company, a jewelry chain with about 130...
View ArticlePES Holdings – Second Amended Joint Prepackaged Plan of Reorganization...
August 7, 2018 – PES Holdings’ Technically Modified Second Amended Joint Prepackaged Plan of Reorganization and New Intermediation Facility became effective and the Company emerged from Chapter 11...
View ArticleRM Holdco – Court Approves Interim DIP Financing of $1.6 Million
August 7, 2018 – The Court hearing the RM Holdco case has authorized (i) the Debtors’ request for interim debtor-in-possession (“DIP”) financing of up to $1.6 million (this a reduction from the $3...
View ArticleHeritage Home Group – Seeks Approval of KEIP and KERP; Files Related Seal Motion
August 6, 2018 – Heritage Home Group filed with the Court redacted versions of its Key Employee Incentive Plan (KEIP) and Key Employee Retention Plan (KERP) [Docket No. 77]. The motion notes, “The KEIP...
View ArticleJ&M Sales, Inc. (National Stores, Inc.) Chapter 11 Petition Filed
August 6, 2018 – J&M Sales, Inc (National Stores, Inc.) and nine affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number...
View ArticleThe Rockport Company – Seeks Amendment to Case Caption to Reflect New...
August 8, 2018 – The Rockport Company requested Court approval to amend its case caption from “The Rockport Company” to “The Relay Company” [Docket No. 442]. The motion explains, “Section 8.17 of the...
View ArticleTintri – Receives KERP Approval
August 8, 2018 – Tintri received Court approval for its key employee retention program (the “KERP”) for certain non-insider employees [Docket No. 152]. As previously reported [Docket No. 11], “The KERP...
View ArticleJ & M Sales – Court Approves $57 Million of Interim DIP Financing
August 8, 2018 – J & M Sales received interim Court authority for $57 million of post-petition Debtor in Possession (“DIP”) financing [Docket No. 17]. The interim order authorizes the Debtors,...
View ArticleToys “R” Us – Court Approves Settlement Agreement with Key Stakeholders
August 8, 2018 – The Court hearing the Toys “R” Us case has approved a comprehensive settlement agreement amongst certain Toys “R” Us Debtors and key stakeholders (“the Settlement Agreement”) [Docket...
View ArticleBrookstone – Approval of Bid Procedures and Sale Sought
August 8, 2018 – Brookstone filed with the U.S. Bankruptcy Court a motion [Docket No. 100] seeking (a) an order approving of procedures relating to the sale of its assets (including bidding procedures,...
View ArticleActiveCare – Unsecured Creditors Object to Financing Motion
August 9, 2018 – ActiveCare’s official committee of unsecured creditors filed an objection [Docket No. 103] to the Debtor’s financing motion [Docket No.9] citing concerns over a number of provisions...
View ArticleSamuels Jewelers – Court Approves Interim DIP Financing of $4 Million
August 9, 2018 – The Court hearing the Samuels Jewelers case has authorized the Debtors request for interim debtor-in-possession (“DIP”) financing of up to $4 million. Wells Fargo and GBFC will serve...
View ArticleWeinstein Company Holdings – Seeks Court Approval of Settlement Agreement
August 9, 2018 – Weinstein Company Holdings filed with the Court a settlement agreement by and among (a) The Weinstein Company LLC (“TWC”) and The Weinstein Company Holding Debtors (“TWC Holdings”...
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