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Sears Holdings – Edward Lampert’s ESL Files Revised $5bn Bid, Offer on Table...

January 10, 2019 – In a letter dated January 9, 2019 addressed to Lazard Frères & Co. and filed with the SEC, ESL Investments, Inc. (“ESL”) submitted a revised bid (the “Revised Proposal”)...

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Egalet Corporation – Files Amended Joint Plan of Reorganization, Looks to...

January 10, 2019 – Egalet Corporation filed a First Amended Joint Chapter 11 Plan of Reorganization as Modified [Docket No. 223] and a related blackline [Docket No. 224] showing changes to the Plan...

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Waypoint Leasing Holdings – Administrative Agent Seeks Extension of Credit...

January 10, 2019 – SunTrust Bank, as administrative agent (“WAC 7 Administrative Agent”) in respect of the Debtors’ Amended and Restated Credit Agreement dated as of April 28, 2017 (the “WAC7 Credit...

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Waypoint Leasing Holdings – Sumitomo Objects to Retention of Houlihan Lokey,...

January 10, 2019  – Sumitomo Mitsui Banking Corporation, Brussels Branch, in its capacity as the administrative agent (“Sumitomo” or ths“WAC12 Administrative Agent”) under the WAC12 Credit Facility...

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Sears Holdings – Edward Lampert’s ESL “Raises” Bid to $5bn, Will Unsecured...

January 13, 2019 (update) – In a letter dated January 9, 2019 addressed to Lazard Frères & Co. and filed with the SEC, ESL Investments, Inc. (“ESL”) submitted a revised bid (the “Revised Proposal”)...

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PetroQuest Energy – Plan Supplement Includes Key Organizational and Finance...

January 11, 2019 – The Debtors filed a Plan Supplement in respect of their First Amended Plan of Reorganization [Docket No. 366]. The filing draws particular attention to Exhibit L: Notice Regarding...

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Republic Metals Corporation – Court Approves Valcambi as Stalking Horse

January 11, 2019 – The Court hearing the Republic Metals Corporation case issued an order [Docket No. 399] approving (i) bid procedures in respect of the sale of the Debtors’ assets (the “Bid...

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Egalet Corporation – Court Confirms Plan, Debtors Set to Shed $61mn on Emergence

January 14, 2019 – The Court hearing the Egalet Corporation case issued an order confirming the Debtors’ First Amended Chapter 11 Plan of Reorganization [Docket No. 242]. On October 31, 2018, the...

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Promise Healthcare Group – Cancels Auction and Designates Stalking Horse L.A....

January 14, 2019 – Promise Healthcare Group notified the Court [Docket No. 478] that pursuant to Court approved bidding procedures [Docket No. 257] it had (i) cancelled a January 17, 2019 auction for...

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PetroQuest Energy – Files Amended Plan, “Immaterial Modifications” Include...

January 14, 2019 – PetroQuest Energy filed its First Amended Chapter 11 Plan, as Immaterially Modified as of January 14, 2019 [Docket No. 375] and a related redline [Docket Nos. 375 and 376] reflecting...

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Aegean Marine Petroleum – Court Issues Final Order on $535mn of DIP Financing

January 15, 2019 – The Court hearing the Aegean Marine Petroleum case issued a final order authorizing the Debtors to obtain $535mn in debtor-in-possession (“DIP”) financing comprised of (i) a $160mn...

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Aegean Marine Petroleum – Court Authorizes Restructuring Support Agreement,...

January 15, 2019 – The Court hearing the Aegean Marine Petroleum case issued an order [Docket No. 291] authorizing the restructuring support agreement entered into amongst Mercuria Energy Group Limited...

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Specialty Retail Shops Holding Corp. (Shopko Stores) – Files Chapter 11,...

January 16, 2019 – Specialty Retail Shops Holding Corp. (“Shopko” or “the Company”) and 13 affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Nebraska,...

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Gymboree Group, Inc – Files Chapter 11, Looks to Wind Down Gymboree and Crazy...

January 17, 2019 – Gymboree Group and 10 affiliated Debtors (“Gymboree” or the “Company”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Eastern District of Virginia, lead case...

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Specialty Retail Shops Holding Corp. (Shopko Stores) – Proposes Bidding...

January 16, 2019 – The Debtors requested Court approval of proposed bidding procedures for the sale of its remaining pharmacy assets (“Pharmacy Assets”) [Docket No. 27]. The Debtors motion also...

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Gymboree Group, Inc – Files Chapter 11, Looks to Wind Down Gymboree and Crazy...

January 17, 2019 – Gymboree Group and 10 affiliated Debtors (“Gymboree” or the “Company”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Eastern District of Virginia, lead case...

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Specialty Retail Shops Holding Corp. (Shopko Stores) – Creditor McKesson...

January 16, 2019 – Creditor McKesson Corporation (“McKesson”), filed an objection to the Debtors’ emergency motion for debtor-in-possession (“DIP”) financing [Docket No. 35].    The objection states,...

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Gymboree Group, Inc. – Seeks $30mn in New Money DIP from Pre-Petition Lenders

January 17, 2019 – The Debtors requested Court authority to (i) enter into interim and final debtor-in-possession (“DIP”) financing arrangements with SPECIAL SITUATIONS INVESTING GROUP, INC., as...

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Checkout Holding – Court Approve $275mn of DIP Financing ($125mn of New...

January 17, 2019 – The Court hearing the Checkout Holding case issued a final order [Docket No. 222] (i) authorizing the Debtors to obtain $275.0mn in debtor-in-possession (“DIP”) financing (including...

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Sears Holding – Creditors Committee Takes Off Gloves, Assails Board’s...

January 17, 2019 – The Debtors’ Official Committee of Unsecured Creditors (the “Creditors Committee”), clearly deeply disappointed by its inability to block the Debtors’ choice of ESL Investments, Inc....

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