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Aceto Corporation – Court Approves Bidding Procedures, Bid Protections for...

March 15, 2019 – The Court hearing the Aceto Corporation cases issued an order [Docket No. 142] approving (i) the Debtors’ proposed bidding procedures in respect of a section 363 asset sale, (ii) bid...

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LBI Media – Second Lien Noteholders Object to Plan, Accuse Debtors and First...

March 18, 2019 – Certain holders (the “Noteholders”) of the Debtors' 11½%/13½% PIK Toggle Second Priority Secured Subordinated Notes due 2020, Series II (the “Second Lien Notes”) objected [Docket No....

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LBI Media – Requests Extension of Exclusive Plan Filing Period Until July 19,...

March 19, 2019 – LBI Media filed with the Court a motion to extend the periods during which the Company has an exclusive right to file a Chapter 11 Plan, and solicit acceptances thereof, through and...

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Nine West Holdings – Emerges from Chapter 11 as Premier Brands Group Having...

March 20, 2019 – Nine West Holdings notified the Court [Docket No. 1369] that their Third Amended Joint Chapter 11 Plan had become effective as of March 20, 2019. The Court had confirmed the Debtors'...

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Ditech Holding Corporation – Seeks Approval of $2.5mn in KEIP for 31...

March 20, 2019 – The Debtors requested Court approval for a key employee incentive plan (the “KEIP”) that would cover 31 employees and have an estimated cost of $2.5mn. The KEIP also includes terms...

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Trident Holding Company – Files Plan and Disclosure Statement, Tries to Tempt...

March 25, 2019 – The Debtors filed (i) a Joint Plan and a related Disclosure Statement [Docket Nos. 252 and 253] and (ii) a motion requesting approval of the Disclosure Statement; and Plan solicitation...

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Parker Drilling Company – Notifies Court of March 26, 2019 Effectiveness...

March 26, 2019 – The Debtors notified the Court [Docket No. 493] that their Amended Joint Chapter 11 Plan had become effective as of March 26, 2019. The Court had previously confirmed the Debtors' Plan...

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Westmoreland Coal Company – Mar-Bow Objects to Proposed Settlement between...

March 28, 2019 – Mar-Bow Value Partners (collectively with Jay Alix, “Mar-Bow”) has objected to a motion filed by the U.S. Trustee assigned to the Westmoreland Coal Company cases that seeks approval of...

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Mission Coal Company – Announces Auction Results, Murray Energy and Javelin...

March 28, 2019 – Further to the Court’s bidding procedures order [Docket No. 141], an auction held on March 25, 2019, and a post-auction process that continued to attract further bids, the Debtors...

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Sizmek, Inc. – Leading Ad Management Company Files Chapter 11 as Lender...

March 29, 2019− Sizmek, Inc.  and 7 affiliated Debtors (“Sizmek” or the “Company”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of New York, lead case number...

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Hexion Holdings LLC – Files Chapter 11 as $2.5bn Debt Wall Looms, Announces...

April 1, 2019 – Hexion Holdings LLC and 17 affiliated Debtors (f/k/a Momentive Specialty Chemicals and Borden Chemicals; and now together “Hexion” or the “Company”) filed for Chapter 11 protection with...

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Southcross Energy Partners, LP – Natural Gas MLP Files Chapter 11, Cites...

April 1, 2019 − Southcross Energy Partners, LP (OTCQX: SXEE) and 26 affiliated Debtors (together “Southcross” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the...

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Vanguard Natural Resources, Inc. – Texas E&P, Citing 100 (Plus) Sector...

March 31, 2019 − Vanguard Natural Resources, Inc.  and 11 affiliated Debtors (f/k/a VNR Finance Corp., now “VNR” or the “Company”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the...

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Southcross Energy Partners – Seeks $255.0mn in DIP Financing (Including...

April 1, 2019 – The Debtors requested Court authority to access up to $255.0mn of debtor-in-possession (“DIP”) financing ($85.0 on an interim basis from certain pre-petition lenders. The DIP financing...

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Hexion Holdings – Seeks $700mn in DIP Financing, $600mn on Interim Basis

April 1, 2019 – The Debtors requested Court authority to access debtor-in-possession (“DIP”) financing totalling $700.0mn ($600.0mn on interim basis) to be comprised of (i) a $350.0mn DIP ABL facility...

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Mission Coal Company – Unsecured Creditors Object to Last Minute Amended Plan...

April 1, 2019 – The Debtors' Official Committee of Unsecured Creditors (the “Committee”) objected [Docket No. 1156] to the Debtors Second Amended Plan [Docket No. 1140] accusing the Debtors of an...

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Orchids Paper Products Company – Files Chapter 11, Announces $175mn Stalking...

April 1, 2019 − Orchids Paper Products Company (NYSE American: TIS) and two affiliated Debtors (together, “Orchids Paper” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy...

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Orchids Paper Products Company – Seeks $11.0mn in DIP Financing, $4.0mn on...

April 1, 2019 – The Debtors requested Court authority to access $11.0mn in debtor-in-possession (“DIP”) financing ($4.0mn on interim basis) to be provided by Orchids Investment (“OI” or the “DIP...

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Orchids Paper Products Company – Seeks Approval of Bid Procedures and...

April 1, 2019 – The Debtors filed a motion requesting each of a bidding procedures order (the “Bidding Procedures Order”) and a sales order (the “Sales Order”) [Docket No. 25].  The Bidding Procedures...

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CTI Foods – U.S. Trustee Objects to Retention of Professionals, Harbinger of...

April 2, 2019 – The U.S. Trustee assigned to the CTI Foods cases filed multiple objections to the Debtors’ application for retention of professionals, arguing that those professionals have failed to...

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