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PetroQuest Energy – Court Grants Authority for $50 million in Exit Financing

November 15, 2018 – The Court hearing the PetroQuest Energy case authorized the Debtors (i) to assume the $50,000,000 Exit Facility Commitment Letter, dated as of November 6, 2018 and (ii) pay related...

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Sears Holdings – Seeks Approval of KEIP for 18 Employees and KERP for 322...

November 15, 2018 – Sears Holdings requested Court approval of (i) a Key Employee Incentive Plan (the “KEIP”) for 18 employees and (ii) a Key Employee Retention Plan (the “KERP”) for 322 non-insiders...

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Sears Holdings – Unsecured Creditors Object to DIP Financing and Cash...

November 14, 2018 – Sears Holdings’ Official Committee of Unsecured Creditors filed an objection [Docket No. 740] to the Debtors’ debtor-in-possession (“DIP”) financing motion and cash management...

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Advanced Sports Enterprises, Inc. – Bicycle Manufacturer Files Chapter 11,...

November 16, 2018 – Advanced Sports Enterprises, Inc. (“ASE” or the “Company”) and four affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Middle District of North...

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Lucky Dragon Hotel & Casino – Snow Covered Capital Objects to Conversion of...

November 16, 2018 – Snow Covered Capital filed an objection [Docket No. 999] to the motion of the Debtors’ Official Committee of Unsecured Creditors to convert the Chapter 11 cases to a cases under...

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RMH Franchise Holdings – U.S. Trustee Files Objection, Enumerates Issues...

November 16, 2018 – The U.S. Trustee filed an objection [Docket No. 785] to the Debtors’ First Amended Joint Chapter 11 Plan. The U.S. Trustee asserts, “Significant issues have been raised by numerous...

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EXCO Resources – Seeks Emergency Approval of $1 billion in Exit Financing...

November 16, 2018 – EXCO Resources requested Court authority to enter into exit financing agreements, and incur and pay related fees, indemnities, and expenses [Docket No. 1273]. The exit financing...

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Mattress Firm – Court Approves Modified Chapter 11 Plan

November 16, 2018 – Mattress Firm filed with the Court an amended Modified Joint Prepackaged Chapter 11 Plan [Docket No. 904] blacklined to show changes from a version of the Plan filed on November 13,...

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Sears Holdings – Court Approves Bid Procedures for $60 million Sale of Sears...

November 16, 2018 – The Court hearing the Sears Holdings’ case issued an order (i) approving bidding procedures for the sale of Sears Home Improvement Business (the “SHIP Business”), (ii) approving...

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David’s Bridal, Inc. – Files Pre-packaged Chapter 11, expects to eliminate...

November 19, 2018 – David’s Bridal, Inc. and three affiliated Debtors (together, “David’s Bridal” or the “Company”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of...

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Oak Point Partners, LLC acquires remnant assets of the NWL Holdings, Inc....

August 25, 2016 – Oak Point Partners acquired the remnant assets of the NWL Holdings, Inc. (National Wholesale Liquidators) Bankruptcy Estate in August 2016. On November 10, 2008, National Wholesale...

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Sears Holdings – Gets Final Approval for Store Liquidation Sales Expected to...

November 19, 2018 – The Court hearing the Sears Holdings case approved the Debtors’ motion requesting authority to (i) implement procedures for store closing sales and (ii) assume a liquidation...

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Sears Holdings – Court Grants Sale of up to $900 million of Medium Term...

November 19, 2018 – The Court hearing the Sears Holdings’ case approved the Debtors’ sale of Medium Term Notes [Docket No. 826]. The order states in part, “The Debtors are authorized, but not directed,...

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iHeartMedia – Files Amended Plan Supplement, Attached Exhibits Include Key...

November 16, 2018 – iHeartMedia filed an Amended Plan Supplement [Docket No.1929] to the Debtors’ Modified Fifth Amended Joint Plan of Reorganization. The supplement contains the following documents:...

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Pacific Drilling S.A. – Plan Becomes Effective, Equitizes $1.85 billion in...

November 19, 2018 – Following an Extraordinary General Meeting of shareholders held to approve several matters necessary to implement the Debtors’ Plan, including a reverse stock split, amendments to...

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EXCO Resources – Court Gives Go Ahead for $1 billion Exit Financing...

November 19, 2018 – The Court hearing the EXCO Resources case issued an order approving the Debtors’ request to (i) enter into exit financing arrangements and (ii) incur and pay related fees,...

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GenOn Energy – Seeks Court Approval of Tax Settlement Which Reduces Stamp...

November 19, 2018 – GenOn Energy filed a stipulation by and between the Debtors, NRG Chalk Point LLC (“NRG Chalk Point”), and Prince George’s County, Maryland (the “County,”) [Docket No. 1997] that...

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David’s Bridal – Receives Interim Approval of DIP Financing, Including $125...

November 20, 2018 – The Court hearing the David’s Bridal case issued an interim order approving the Debtor’s proposed debtor-in-possession (“DIP”) financing [Docket No. 102] to be provided through Bank...

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FirstEnergy Solutions – Vermillion Power to Serve as Stalking Horse in Sale...

November 20, 2018 – FirstEnergy Solutions filed a sale motion which establishes (i) bidding procedures for the sale of Debtor FirstEnergy Generation LLC’s (“FG”) West Lorain Assets and (ii) a timetable...

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LBI Media, Inc. – Spanish Language Broadcaster Files Chapter 11, Executes RSA...

November 21, 2018 – Privately-held LBI Media, Inc. and 17 affiliated Debtors (together, “LBI Media” or the “Company”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of...

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