BeavEx Holding Corporation – Seeks KEIP for 2 Senior Executives Based on...
February 20, 2019 – The Debtors requested Court approval of a key employee incentive plan (the “KEIP”) for two senior executives [Docket No. 36]. The motion states, “The Debtors have identified two (2)...
View ArticlePG&E Corporation – Public Entities Object to DIP Financing, Citing Issues...
February 20, 2019 – A group of representative governmental bodies of communities that were impacted by the 2017 Northern California Wildfires and the 2018 Camp Fire (the “Public Entities”) objected...
View ArticleParker Drilling Company – Barings Seeks Appointment of Examiner, Accuses...
February 20, 2019 – Barings LLC (“Barings”) filed an emergency motion seeking the appointment of an examiner to investigate the Debtors’ Plan and a Plan process it believes "has been improperly usurped...
View ArticleSynergy Pharmaceuticals – Seeks to Head Off Challenges to Plan with...
February 19, 2019 – The Debtors requested Court authority to appoint Joseph Farnan to the Debtors’ Board of Directors as an independent director nunc pro tunc (effective from February 13, 2019) and to...
View ArticleVerity Health System – Court Approves Bidding Procedures, Bid Protections and...
February 19, 2019 – The Court hearing the Verity Health System case issued an order [Docket No. 1572] approving (i) proposed bidding procedures for a sale of substantially all of the Debtors’ assets...
View ArticlePayless Holdings – Seeks $25mn in DIP Financing, $17mn on Interim Basis, to...
February 22, 2019 – The Debtors requested Court authority to access $25mn in debtor-in-possession (“DIP”) financing, $17mn on an interim basis; with the financing to be used to purchase augmentation...
View ArticleAceto Corporation – Files Bidding Procedures Motion, Including Bid...
February 18, 2019 – The Debtors requested that the Court hearing the Aceto Corporation case issue both a bidding procedures order and a sale order. The bidding procedures order would authorize (i) the...
View ArticleWindstream Holdings, Inc. – Files Chapter 11, Cites Predatory Use of Credit...
February 25, 2019 − Windstream Holdings and more than 200 affiliated Debtors (NASDAQ: WIN; “Windstream” or the “Company”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern...
View ArticlePayless Holdings – Court Approves $21mn in Interim DIP Financing
February 25, 2019 – The Court hearing the Payless Holdings case issued an order authorizing the Debtors to access $21mn in interim debtor-in-possession (“DIP”) financing; $17mn of which is available...
View ArticleInnovative Mattress Solutions – Court Approves Bidding Procedures, Bid...
February 25, 2019 – The Court hearing the Innovative Mattress Solutions case issued an order [Docket No. 334] approving (i) bidding procedures in respect of the sale of substantially all of the...
View ArticleSamuels Jewelers – Court Approves Sale of Assets to Wells Fargo for $16mn...
February 25, 2019 – The Court hearing the Samuels Jewelers case issued a final order [Docket No. 688] approving the sale of the Debtors’ assets further to an asset purchase agreement (the “Credit Bid...
View ArticleNine West Holdings – Court Confirms Third Amended Joint Plan as Bitterly...
February 25, 2019 – Further to a scheduled hearing, the Court hearing the Nine West Holdings case confirmed the Debtors' Third Amended Joint Plan of Reorganization ending a lengthy and often...
View ArticleOrion Healthcorp – Court Confirms Third Amended Joint Plan of Liquidation
February 26, 2019 – The Court hearing the Orion Healthcorp case confirmed the Debtors' Third Amended Joint Plan of Liquidation [Docket No. 701]. On March 16, 2018, Orion Healthcare and 20 affiliated...
View ArticleSpecialty Retail Shops Holding Corp. (Shopko Stores) – Creditors Committee...
February 26, 2019 – The Debtors’ Official Committee of Unsecured Creditors (the “Committee”) objected to the Debtors’ request for Court approval of the adequacy of the Debtors’ Disclosure Statement...
View ArticleSynergy Pharmaceuticals – Court Approves DIP Financing on Final Basis,...
February 26, 2019 – The Court hearing the Synergy Pharmaceuticals case issued a final order [Docket No. 454] authorizing the Debtors to access debtor-in-possession (“DIP”) financing of $159.1mn (the...
View ArticleWindstream Holdings, Inc. – Gets Go Ahead for $1bn in DIP Financing, $400mn...
February 26, 2019 – The Debtors filed an amended motion seeking authority (i) to access $1bn in debtor-in-possession ("DIP") financing, with $400mn of that financing to be available on an interim...
View ArticleGymboree Group – Postpones Auction for Second Time as Interest in Janie &...
February 26, 2019 – The Debtors notified the Court that they had postponed until February 28, 2019 the auction initially scheduled for February 25, 2109 [Docket No. 409]. This is the second such...
View ArticleSynergy Pharmaceuticals – Plan Filed
February 28, 2019 – The Debtors filed a second Amended Plan and a related Disclosure Statement [Docket Nos. 474 and 476] and also filed redlines of those documents showing changed from versions filed...
View ArticleWeatherly Oil & Gas, LLC – Oil and Gas Acquisition and Exploration Company...
February 28, 2019 − Privately-held Weatherly Oil & Gas, LLC (f/k/a SND-Vortus LP, “Weatherly” or the “Company”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern...
View ArticleGymboree Group – Auction Nets $111mn with The GAP and Children’s Place, Inc....
March 2, 2019 − Further to the terms of a bidding procedures order dated January 17, 2019 [Docket No. 76], the Debtors (i) notified the Court of the results of its March 1, 2019 auction and (ii) filed...
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