Oak Point Partners, LLC acquires remnant assets of Swets Information...
November 29, 2017 – Oak Point Partners acquired the remnant assets of Swets Information Services, Inc. Bankruptcy Estate (Swets) in November 2017. On November 21, 2014, Swets filed a voluntary petition...
View ArticlePromise Healthcare Group – Unsecured Creditors Object to Bidding Procedures...
November 29, 2018 – The Debtors’ Committee of Unsecured Creditors (the “Committee”) objected to the Debtors’ proposed bidding procedures [Docket No. 37], citing concerns over sale price transparency...
View ArticleEgalet Corporation – Files Amended Chapter 11 Plan and Disclosure Statement
November 29, 2018 – The Debtors filed an amended Chapter 11 Plan and Disclosure Statement and related exhibits [Docket Nos. 163, 164 and 165] with blacklined versions reflecting changes to versions...
View ArticleThe Relay Company (f/k/a The Rockport Company) – Unsecured Creditors Object...
December 03, 2018 – The Debtors’ Official Committee of Unsecured Creditors (the “Committee”) filed an objection [Docket No. 621] to the Debtors’ Combined Disclosure Statement and Chapter 11 Plan of...
View ArticleEXCO Resources – 1.75 Term Loan Lender Objects to Plan, Cites Classification...
December 03, 2018 – 1992 MSF International Ltd. and 1992 Tactical Credit Master Fund, L.P. (collectively, the “1992 Funds”) filed an objection to the confirmation of the Debtors’ Plan citing concerns...
View ArticleSenior Care Centers – Dallas-Based Healthcare Group Files Chapter 11, Intends...
December 4, 2018 – Senior Care Centers and 120 affiliated Debtors (together, “Senior Care”) or the “Company”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Northern District of...
View ArticleNine West Holdings – Seeks an Additional $22mn in DIP Funding, Cites Costs of...
December 4, 2018 – Citing an “extended stay in Chapter 11,” the Debtors requested Court approval to amend their debtor-in-possession (“DIP”) facility to (i) allow for an additional $22 million of DIP...
View ArticleQuantum Fuel Systems Technologies – Files Amended Chapter 11 Plan and...
December 5, 2018 – The Debtors filed an amended Plan of Liquidation [Docket No. 604] and Disclosure Statement [Docket No. 605]. The Disclosure Statement summarizes the Plan as follows, “Holders of...
View ArticleUSA Gymnastics – Files Chapter 11 to Address Nassar Abuse Claims
December 5, 2018 – USA Gymnastics (or “USAG”) filed for Chapter 11 protection with the U.S. Bankruptcy Court for the Southern District of Indiana, lead case number 18-09108 [Docket No.1]. USAG, a...
View ArticleMission Coal Company – Court Approves Stalking Horse Purchase Agreement
December 5, 2018 – The Court hearing the Mission Coal Company case granted the Debtors’ motion to enter into a asset purchase agreement with the Debtors’ debtor-in-possession (“DIP”) lenders (the...
View ArticleRMH Franchise – Fortress Credit Corp Agrees to Provide Reorganized Debtors...
December 5, 2018 – The Debtors filed an exit facility commitment letter (the “Exit Facility Commitment Letter”) sent by Fortress Credit Corp (“Fortress”) to AFH Franchise Holdings detailing Fortress’s...
View ArticleWeinstein Company – Seeks Authorization For Settlement Agreement that...
December 5, 2018 – The Debtors requested Court authority to enter into a settlement agreement (the “Settlement Agreement”) between the Debtors, the “Guilds” (comprised of DGA, SAG-AFTRA, and WGA West),...
View ArticlePromise Healthcare Group – Stalking Horse Bidder LADMC Objects to “Amorphous”...
December 6, 2018 – Stalking Horse Bidder LADMC, LLC (“LADMC”) filed a motion [Docket No. 232] objecting to the Debtors’ proposed bidding procedures, citing concerns over “amorphous” terms that threaten...
View ArticleSears Holdings – Edward Lampert’s ESL Makes Comprehensive $4.6bn Bid for...
December 6, 2018 – In a letter addressed to Lazard Frères & Co. and filed with the SEC, ESL Investments, Inc. (“ESL”) submitted an indicative bid (the “Indicative Bid”) expressing an interest in...
View ArticleDurr Mechanical Construction, Inc. – Mechanical Contractor Files Chapter 11,...
December7, 2018 – Privately held Durr Mechanical Construction (“DMC” or the “Company”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of New York, lead case...
View ArticleAmerican Tire Distributors – Plan Supplement Includes Form of Key...
December 7, 2018 – American Tire Distributors filed a Plan Supplement [Docket No. 485] which attaches the following documents: Exhibit A: Form of New Organizational Documents (including Exhibit A(i):...
View ArticleServicos de Petroleo Constellation S.A. – Brazilian Drilling Company Seeks US...
December 6, 2018 – Servicos de Petroleo Constellation S.A. (“Constellation” or the “Company”) filed for Chapter 15 protection with the U.S. Bankruptcy Court in the Southern District of New York, lead...
View ArticleiHeartMedia – Announces “Final Key Piece” of Bankruptcy Process, Settlement...
December 8, 2018 – iHeartMedia, Clear Channel Outdoor Holdings, Inc. (“CCOH”), and GAMCO Asset Management, Inc. (“GAMCO”) filed an emergency motion for authorization of settlement agreement [Docket No....
View ArticleRMH Franchise – ACON Equity Commitment Letter Details $32mn Cash Infusion By...
December 10, 2018 – The Debtors filed a Modified Equity Commitment letter, dated December 10, 2018 from ACON Equity Partners III, L.P. (the “Equity Sponsor”) detailing the terms of the financing to be...
View ArticleRMH Franchise – Seeks Court Approval of Settlement with Applebee’s and ACON...
November 27, 2018 – The Debtors requested Court approval of a settlement agreement (the “Settlement Agreement”) reached between (i) the Debtors, (ii) Dine Brands Global, Inc., Applebee’s Restaurants...
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