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Mattress Firm – Receives Interim Approval for DIP Financing of $250 million,...

October 9, 2018 – The Court hearing the Mattress Firm case approved on an interim basis the Debtors’ debtor-in-possession (“DIP”) financing [Docket No. 184] in respect of which Barclays Bank PLC is to...

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Westmoreland Coal Company – Seeks Approval for $110 million of DIP Financing,...

October 9, 2018 – Westmoreland Coal Company requested Court approval for debtor-in-possession (“DIP”) financing [Docket No. 17] in respect of which Wilmington Savings Fund Society, FSB is to serve as...

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Hooper Holmes – Amendment to Amended and Restated Asset Purchase Agreement...

October 8, 2018 –  Hooper Holmes filed a notice stating that, absent the receipt of any qualified bids other than that of the stalking horse bidder (the “Stalking Horse Bidder”), its planned auction...

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Color Spot Nurseries – Further Amends Combined Plan & Disclosure Statement

October 9, 2018 – Color Spot Nurseries filed a further amended Combined Plan of Liquidation & Disclosure Statement [Docket Nos. 410 and 411]. The Court documents explain, “Because the Plan is a...

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Westmoreland Coal Company – Receives Interim Approval for DIP Financing of...

October 10, 2018 – The Court hearing the Westmoreland Coal Company case has approved the Debtors request to obtain interim debtor-in-possession (“DIP”) financing [Docket No. 92].  The order states,...

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Zohar III – U.S. Trustee Objects to Lynn Tilton’s Request to Omit Portfolio...

October 10, 2018 – The U.S. Trustee assigned to the Zohar III case filed an objection [Docket No. 472] to Lynn Tilton’s motion for a protective order in respect of the financial statements of portfolio...

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iHeartMedia – Files Amended Plan and Disclosure Supplement, Reflects...

October 10, 2018 – iHeartMedia filed with the Court a Fifth Amended Joint Plan of Reorganization [Docket No. 1605] and a related Disclosure Supplement [Docket No. 1606]. The Disclosure Supplement...

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RDX Technologies – Court Grants Creditors Summary Judgement, Denies...

October 10, 2018 – The Court hearing the RDX Technologies case issued an order granting Creditors CWT Canada II, GEM Holdco and Resource Recovery Corporation (together, the “Objecting Creditors”}...

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BankruptcyData Begins Special Coverage of Sears Rescue Efforts

On September 23, 2018, ESL Partners, L.P. (the eponymously named investment vehicle of Edward S Lampert, “Mr Lampert”) delivered a proposal (the “ESL Proposal”) to the Board of Sears Holdings, Inc....

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Claire’s Stores – Oaktree Capital Management Objects to RSA Plan, “Step in...

September 14, 2018 – Oaktree Capital Management filed with the Court an objection [Docket No. 989] to the confirmation of the Debtors’ Modified Second Amended Joint Chapter 11 Plan of Reorganization...

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Nighthawk Energy – Files Amended Plan of Liquidation and Disclosure...

October 11, 2018 – Nighthawk Energy filed with the Court an Amended Plan of Liquidation [Docket No. 215] and a related Disclosure Statement [Docket No. 216]. The Disclosure Statement notes, “The Plan...

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Aralez Pharmaceuticals US – Court Approves Bidding Procedures, Bid...

October 11, 2018 – The Court hearing the Aralez Pharmaceuticals US case authorized the Debtors’ proposed (i) bidding and sale procedures related to the separate sales of (a) the Debtors’ VIMOVO...

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Elements Behavioral Health – Seeks Approval for Additional DIP Financing,...

October 11, 2018 – Elements Behavioral Health requested Court approval for supplemental debtor-in-possession (“DIP”) financing and continued access to cash collateral [Docket No. 503]. The financing...

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GenOn Energy – Seeks Modification of Third Amended Joint Plan and Cash...

October 11, 2018 – GenOn Energy filed a motion seeking to modify its (a) Third Amended Joint Plan of Reorganization and  (b) proposed cash incentive plan (the “Cash Incentive Plan”) [Docket No. 1858]....

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EXCO Resources – BHP Seeks Segregation, Final Adjudication of $9.3 million in...

October 10, 2018 – BHP Billiton Petroleum (KCS Resources) (f/k/a KCS Resources) and BHP Billiton Petroleum Properties (together. “BHP”) filed with the Court a motion for adequate protection against the...

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CSH Winddown, Inc. (f/k/a Color Spot Nurseries) – Further Amends Combined...

October 9, 2018 – CSH Winddown, Inc. (f/k/a Color Spot Nurseries) filed a further amended Combined Plan of Liquidation & Disclosure Statement [Docket Nos. 410 and 411]. The Court documents explain,...

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Toys “R” Us – Seeks Auction of Shared Services Business, Term B Lenders to...

October 9, 2018 – Toys “R” Us requested Court authority for bidding procedures in respect of the sale of its shared services business (the “Shared Services Business”) [Docket No. 5199]. Central to the...

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Sears Holding – Files Chapter 11, Announces Board and Management Changes,...

October 15, 2108 – Sears Holding (“Sears” or the “Company”) and 42 affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of New York, lead case...

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Claire’s Stores – Court Declares Reorganization Plan Effective

October 12, 2018 – Claire’s Stores Third Amended Joint Chapter 11 Plan of Reorganization was declared effective [Docket No. 1079]. The Plan was previously confirmed by the Court on September 21, 2018...

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Point.360 – Files First Amended Plan and Disclosure Statement, Including Key...

October 12, 2018 – Point.360 filed with the Court a First Amended Chapter 11 Plan [Docket No. 368] and a related Disclosure Statement [Docket No. 369]. The Disclosure Statement attaches the following...

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