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...
View ArticleWestmoreland 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...
View ArticleHooper 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...
View ArticleColor 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...
View ArticleWestmoreland 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,...
View ArticleZohar 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...
View ArticleiHeartMedia – 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...
View ArticleRDX 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”}...
View ArticleBankruptcyData 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....
View ArticleClaire’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...
View ArticleNighthawk 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...
View ArticleAralez 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...
View ArticleElements 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...
View ArticleGenOn 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]....
View ArticleEXCO 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...
View ArticleCSH 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,...
View ArticleToys “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...
View ArticleSears 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...
View ArticleClaire’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...
View ArticlePoint.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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