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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...

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Promise 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...

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Egalet 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...

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The 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...

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EXCO 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...

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Senior 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...

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Nine 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...

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Quantum 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...

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USA 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...

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Mission 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...

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RMH 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...

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Weinstein 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),...

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Promise 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...

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Sears 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...

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Durr 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...

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American 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):...

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Servicos 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...

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iHeartMedia – 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....

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RMH 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...

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RMH 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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