Cenveo – Seeks Authority for Exit ABL Facility of $175 Million and Exit Term...
August 14, 2018 – Cenveo requested authority to enter into commitment letters, and related fee letters, pertaining to the provision of exit financing, notably (i) for a fully underwritten $175 million...
View ArticleRM Holdco – Seeks Approval of Prepetition KEIP and KERP, Files Related Seal...
August 15, 2018 – RM Holdco has requested Court authority to honor obligations under (i) a prepetition, non-insider Key Employee Incentive Plan (the “KEIP”), and to further extend the KEIP to certain...
View ArticleCenveo – Announces that its Chapter 11 Plan Has Been Confirmed
August 16, 2018 – Cenveo announced in a press release that the U.S. Bankruptcy Court for the Southern District of New York has confirmed its Plan of Reorganization (the “Plan”), paving the way for the...
View ArticleGibson Brands – June M.O.R. Reports Operating Income of $2.9 Million,...
August 16, 2018 – Gibson Brands filed with the U.S. Bankruptcy Court a monthly operating report for June 2018 [Docket No. 612]. For the month, the consolidated Debtors reported operating income of $2.9...
View ArticleSamuels Jewelers – U.S. Trustee Appoints Unsecured Creditors Committee
August 16, 2018 – The U.S. Trustee assigned to the Samuels Jewelers case appointed the following members to the Official Committee of Unsecured Creditors [Docket No. 108]: (i) Emily Warth of Asurion...
View ArticleClaire’s Stores – Debtors Respond to Oaktree Motion, Battle with Apollo...
August 16, 2018 – Claire’s Stores filed an objection [Docket No. 784] to Oaktree Capital Management’s (“Oaktree”) July 19, 2018 motion seeking court authority to prosecute and settle claims on behalf...
View ArticleClaire’s Stores – Ad Hoc First Lien Group Objects to Oaktree Motion, Urges...
August 16, 2018 – Claire’s Stores’ Ad Hoc First Lien Group filed an objection [Docket No. 786] to Oaktree Capital Management’s (“Oaktree”) July 19, 2018 motion seeking court authority to prosecute and...
View ArticleScottish Annuity & Life Insurance Company – Court Approves $63.5 million...
August 22, 2018 – The Court hearing the Scottish Annuity & Life Insurance Company case approved the stipulation by and among (i) Scottish Annuity & Life Insurance Company (Cayman), (ii)...
View ArticleEnduro Resource Partners – Court Approves Settlement Agreement, Mutual...
August 22, 2018 – The Court hearing the Enduro Resource Partners case approved a settlement agreement between (i) Enduro Operating and (ii) Echo Production, Talus, Twin Montana, Cimarron River...
View ArticleToys “R” Us – Court Confirms Technically Modified Plan of Propco II Plan Debtors
August 22, 2018 – Toys “R” Us Property Company II, LLC and Giraffe Junior Holdings, LLC (collectively, the “Propco II Plan Debtors”) filed an Amended Joint Chapter 11 Plan of Reorganization of Toys “R”...
View ArticleVER Technologies HoldCo – Plan Becomes Effective, Debtor Becomes Wholly Owned...
August 21, 18 – VER Technologies HoldCo’s Fourth Amended Joint Chapter 11 Plan of Reorganization [Docket No. 661] became effective and the Company emerged from Chapter 11 protection [Docket 749]. The...
View ArticleColor Spot Nurseries Emerges from Chapter 11
August 21, 2018 – Color Spot Nurseries, Inc. (“Color Spot”), a leading grower and distributor of quality live plants in the western and southwestern United States, announced its emergence from Chapter...
View ArticlePacific Drilling – Court Grants Authority for $1.5 billion in Exit Financing
August 23, 2018 – The Court hearing the Pacific Drilling case has authorized the Debtors to enter into an exit financing commitment letter and related agreements [Docket No. 518]. As previously...
View ArticleOrianna Health Systems – Unsecured Creditors Committee Launches Assault on...
August 23, 2018 – Orianna Health Systems’ Unsecured Creditors Committee filed with the Court an objection to the Omega proofs of claims filed by OHI Asset RO [Docket No. 852]. The objection asserts,...
View ArticlePoint.360 – Medley Capital Objects to Third Exclusivity Extension for...
August 23, 2018 – Creditors Medley Capital Corporation & Medley Opportunity Fund II filed with the Court an objection to the Debtor’s motion to extend the exclusivity period for filing a Chapter 11...
View ArticleiHeartMedia – Files Amended Plan and Disclosure Statement
August 23, 2018 – iHeartMedia filed with the Court a Second Amended Joint Plan of Reorganization [Docket No. 1301] and a related Disclosure Statement [Docket No. 1304]. The Disclosure Statement notes,...
View ArticleCenveo – Court Approves Exit ABL Facility of $175 Million and Exit Term...
August 23, 2018 – The Court hearing the Cenveo case approved the Debtor’s motion [Docket No. 691] to enter into commitment letters, and related fee letters, pertaining to the provision of exit...
View ArticleFirestar Diamond – Examiner’s Report Details “Numerous Indicia of Fraud”
August 25, 2018 – Firestar Diamond’s Examiner filed with the Court a report on the case [Docket No. 394]. The reports “Executive Summary” notes in part, “The Debtors are in the business of selling...
View ArticleAppvion – Court Declares Liquidation Plan Effective
August 25, 2018 – Appvion’s Second Amended Joint Combined Disclosure Statement and Plans of Liquidation became effective [Docket No. 999]. The Court had previously confirmed the plan on August 14, 2018...
View ArticleRex Energy – Cancels Auction, PennEnergy Resources Purchases Assets for...
August 25, 2018 – Rex Energy filed with the U.S. Bankruptcy Court a notice announcing the cancellation of its auction with respect to a sale of the Debtors’ Assets and selected the bid submitted by...
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