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LBI Media – Seeks Authorization to Obtain $38 million in DIP Financing, $10...

November 21, 2018 – LBI Media filed a motion to obtain debtor-in-possession (“DIP”) financing including in respect of interim borrowings of up to $10 million [Docket No. 12]. The motion states, “The...

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Sears Holdings – Files Global Bidding Procedures Process Letter

November 27, 2018 – Sears Holdings filed a global bidding procedures process letter outlining terms and guidelines in respect of the submissions of indicative bids for a number of its key business...

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Sears Holdings Corporation – Seeks Approval for $350 million in Junior DIP...

November 25, 2018 – Sears Holdings requested Court authority for a $350 million, multiple draw, junior debtor-in-possession (“DIP”) term loan (the “Junior DIP Financing”) [Docket No. 872]. The Debtors’...

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AG&E Holdings – Files Amended Chapter 11 Plan and Disclosure Statement,...

November 20, 2018 – AG&E Holdings filed a Second Amended Chapter 11 Plan and related Disclosure Statement [Docket Nos. 75 and 76]. The Disclosure Statement was subsequently approved by the Court...

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EXCO Resources – Files Plan Supplement, Exhibits Include Forms of New...

November 26, 2018 – EXCO Resources filed with the Court a supplement to its Amended Plan Supplement [Docket No. 1315]. The supplement contains the following documents:  Exhibit A – Form of New...

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RMH Franchise – Seeks Authority for Stalking Horse APA with ACON Equity...

November 27, 2018 – RMH Franchise Holdings requested Court authority to (i) enter into a stalking horse asset purchase agreement (the “Stalking Horse APA”) with ACON Equity Partners III, LP (“ACON” or...

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Aegean Marine Petroleum – Creditors Committee Objects to Sale Motion as...

November 27, 2018 – The Debtors’ Official Committee of Unsecured Creditors (“the Committee”) filed an objection [Docket No. 112] to the approval of the Debtors’s sale motion [Docket No. 59]. The...

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LBI Media – Court Approves $10 million of Interim DIP Financing

November 27, 2018 – The court hearing the LBI Media case approved the Debtors’ request for interim debtor-in-possession (“DIP”) financing [Docket No. 86].  As previously reported in respect of the...

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Welded Construction – Unsecured Creditors Object to Issuance of Final DIP...

November 27, 2018 – The Debtors’ Official Committee of Unsecured Creditors (the “Committee”) objected to the Debtors’ motion to obtain final debtor-in-possession (“DIP”) financing. The objection...

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Elements Behavioral Health – Files Amended Chapter 11 Combined Plan and...

November 27, 2018 – Elements Behavioral Health filed an Amended Chapter 11 Combined Plan and Disclosure Statement [Docket No. 589]. The Plan explains, “The Combined Plan and Disclosure Statement is a...

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Republic Metals Corporation – Unsecured Creditors Object to Debtors Use of...

November 27, 2018 – The Debtors’ Official Committee of Unsecured Creditors (the “Committee”) objected [Docket No. 193] to the Debtors’ use of cash collateral. The objection asserts, “The Debtors seek...

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Fairway Energy – Seeks Authorization for $20 million in DIP Financing, $6...

November 27, 2018 – The Debtors requested Court authority to enter into debtor-in-possession (“DIP”) financing arrangements which would provide interim access of up to $6 million [Docket No. 8]. The...

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Gastar Exploration – Court Authorizes $383 million in DIP Financing

November 28, 2018 – The Court hearing the Gastar Exploration case approved the Debtors’ debtor-in-possession (“DIP”) financing motion which will allow it to access up to $383 million in DIP financing...

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Gastar Exploration – Files Prepackaged Chapter 11, Ares to Hold 100% of...

October 31, 2018 – Gastar Exploration (OTCQB: GSTC) and one affiliated Debtor (together, the “Company” or “Gastar”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern...

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Commenwealth of Puerto Rico – Court Approves COFINA’s Disclosure Statement

November 29, 2018 – The Court hearing the Commonwealth of Puerto Rico case approved [Docket No. 4382] the Disclosure Statement of The Puerto Rico Sales Tax Financing Corporation (“COFINA” or the...

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NORDAM Group – Court Approves $340 million in Exit Financing from J.P. Morgan...

November 29, 2018 – The Court hearing the NORDAM Group case approved the Debtors’ exit financing motion and also approved a related motion requesting confidential treatment of portions of exit...

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Mission Coal Company – Seeks Approval of KEIP and KERP

November 28, 2018 – Mission Coal Company requested Court approval of a Key Employee Incentive Plan (the “KEIP”) and Key Employee Retention Plan (the “KERP”) [Docket No. 354]. The motions states, “The...

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Sears Holdings Corporation– Seeks Authority for Sale of 13 Stores and Related...

November 29, 2018 – The Debtors requested Court authority (i) for the sale of thirteen  parcels of non-residential real property (the “Real Property,” comprised of 12 K-Mart stores and 1 Sears store)...

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Sears Holdings – Unsecured Creditors Objects to DIP Financing,...

November 26, 2018 – The Debtors’ Committee of Unsecured Creditors (the “Committee”) objected to the Debtors’ DIP financing motion [Docket No. 872]. The objection [Docket No. 884] states, “[The...

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Oak Point Partners, LLC acquires remnant assets of Joseph Walker & Company,...

September 10, 2018 – Oak Point Partners acquired the remnant assets of Joseph Walker & Company, Inc. Bankruptcy Estate (Joseph Walker) in October 2018. On March 18, 2010, Joseph Walker filed a...

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