Weatherford International plc – Oilfield Services Giant to File Prepackaged...
June 28, 2019 − Weatherford International plc (NYSE: WFT) and two affiliated debtors (together, "Weatherford" or the "Debtors") disclosed in a June 28, 2019 SEC filing that they intend to file Chapter...
View ArticleOrchids Paper Products Company – Auction Goes 32 Rounds; Nets $32mn Over...
June 28, 2019 – The Debtors notified the Court hearing the Orchids Paper Products Company cases that (i) Cascades US Holding Inc. ("Cascades" or the “Purchaser”) had been designated as the successful...
View ArticleMonitronics International, Inc. – Files “Partial” Prepackaged Chapter 11,...
June 30, 2019 − Monitronics International, Inc. and eight affiliated Debtors (“Monitronics” or the “Debtors”), filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of...
View ArticleBlackjewel L.L.C. – Coal Operator Files Chapter 11 as Operational Challenges...
July 1, 2019 − Blackjewel L.L.C. and four affiliated Debtors ("Blackjewel" or the "Debtors") filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of West Virginia,...
View ArticleWeatherford International plc – As Expected, Oilfield Services Giant Files...
June 28, 2019 − Weatherford International plc (NYSE: WFT) and two affiliated debtors (together, "Weatherford" or the "Debtors") filed for Chapter 11 protection with the U.S. Bankruptcy Court in the...
View ArticleFuse, LLC – Youth Broadcaster Emerges from Bankruptcy on July 1, 2019 Owned...
July 1, 2019 – The Debtors notified the Court that their Amended Prepackaged Joint Plan had become effective as of July 1, 2019 [Docket No. 284]. Previously, on June 18, 2019, the Court approved the...
View ArticleHexion Holdings – Emerges from Bankruptcy Minus $2.0bn in Debt and Sponsor...
July 1, 2019 – The Debtors notified the Court that their Second Amended Chapter 11 Plan had become effective as of July 1, 2019 [Docket No. 987]. Previously, on June 24, 2019, the Court approved the...
View ArticleWeatherford International plc – Seeks $1.75bn in DIP Financing as Available...
July 1, 2019 – The Debtors requested Court authority to (i) access $1.0bn in debtor-in-possession (“DIP”) financing, consisting of (i) a first lien superpriority DIP Revolving Credit Facility with...
View ArticleWeatherly Oil & Gas – After Last Minute Scramble, Court Approves $36mn Sale...
July 2, 2019 – Further to its bidding procedures order [Docket No. 319] and a hearing held on July 2, 2019, the Court hearing the Weatherly Oil & Gas case has approved the sale of the Debtors’...
View ArticleDitech Holding Corporation – Court Approves Stalking Horse Agreements and Bid...
July 3, 2019 – Further to the Court's bidding procedures order [Docket No. 456], the Debtors have now received Court approval in respect of a designated stalking horse bidder (including as to proposed...
View ArticleRUI Holding Corp. – Sun Capital Owned Restaurant Group Files Chapter 11,...
July 6, 2019 − RUI Holding Corp. (d/b/a Restaurants Unlimited) and three affiliated Debtors ("RUI" or the "Debtors") filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of...
View ArticleRUI Holding Corp. – Seeks Approval of Bidding Procedures for Sale of Business...
July 7, 2019 – The Debtors filed a motion requesting each of a bidding procedures order and a sale order [Docket No. 15]. The bidding procedures order would (i) approve proposed bidding procedures...
View ArticleOak Point Partners, LLC acquires remnant assets of the Christ Hospital...
December 17, 2018 – Oak Point Partners acquired the remnant assets of the Christ Hospital Liquidating Trust and Christ Hospital Bankruptcy Estate in December 2018. On February 6, 2012, Christ Hospital...
View ArticleStearns Holdings, LLC – Unable to Resolve Row with Noteholder PIMCO,...
July 8, 2019 − Stearns Holdings, LLC and six affiliated Debtors (together, "Stearns" or the "Debtors") filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of New...
View ArticleSears Holdings Corporation – Files Amended Plan and Related Disclosure...
July 9, 2019 – The Debtors filed a modified Second Amended Joint Plan and a related Disclosure Statement [Docket Nos. 4476 and 4478]; and separately filed blacklines of each of those documents showing...
View ArticleMaremont Corporation – Notifies Court of July 9th Plan Effectiveness Date as...
July 10, 2019 – The Debtors notified the Court that their Modified Joint Prepackaged Plan had become effective as of July 9, 2019 [Docket No. 296]. Previously, On May 17, 2019, the Court approved the...
View ArticleStearns Holdings, LLC – Seeks Authority for $1.5bn Mortgage Warehouse...
July 9, 2019 – The Debtors requested Court authority to enter into a new $1.5bn, post-petition warehouse facility with Barclays Bank PLC as agent (the “DIP Repo Facility”) pursuant to a Master...
View ArticleDitech Holding Corporation – Names Stalking Horses as Successful Bidders for...
July 10, 2019 – Further to the Court's bidding procedures order [Docket No. 456], the Debtors notified the Court that, absent any further qualified bids: (i) a pair of designated stalking horse bidders...
View ArticleCharming Charlie Holdings Inc. – In Groundhog Day Bankruptcy, Fashion...
July 11, 2019 − Charming Charlie Holdings Inc. and six affiliated Debtors (“Charming Charlie” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of...
View ArticleFTI Consulting Further Ramps Up Healthcare Restructuring Capabilities with...
July 11, 2019 – Tensie Axton has joined FTI Consulting, Inc. (NYSE: FCN) as a Senior Managing Director in its Turnaround & Restructuring Services practice within the Corporate Finance &...
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