Murray Energy Holding Co. – DIP FILO Lender GACP Finance Co., LLC Alleges...
May 13, 2020 – GACP Finance Co., LLC, as debtor-in-possession ("DIP") FILO lender ("GACP" or the “DIP FILO Lender”), filed a motion asking the Court to enforce its December 12, 2019 final DIP order...
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Ultra Petroleum Corp. – Wyoming E&P Seeks Chapter 11 Protection for Second...
[Developing Story] May 14, 2020 – Ultra Petroleum Corp. and seven affiliated Debtors (OTCQX: UPLC; "Ultra” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the...
View ArticleRavn Air Group, Inc. – Plucky Alaskan Airline Looks to Defy Odds (and DIP...
May 14, 2020 – The Debtors filed a motion requesting each of a bidding procedures order and a sales order [Docket No. 197]. The bidding procedures order would approve bidding procedures for a sale of...
View ArticleJ.C. Penney Company, Inc. – 850-Store Retail Giant Files Chapter 11 as Grace...
[Developing Story] May 15, 2020 – J.C. Penney Company, Inc. and 17 affiliated Debtors (NYSE: JCP; “JCPenney” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the...
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Gavilan Resources LLC – Blackstone-Controlled E&P Files Chapter 11 Citing...
May 15, 2020 – Privately-held Gavilan Resources LLC and three affiliated Debtors (“Gavilan” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Souhern District of...
View ArticleComcar Industries, Inc. – Nationwide Trucker Files Chapter 11 Citing Heavy...
May 17, 2020 – Comcar Industries, Inc. and 32 affiliated Debtors (“Comcar” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number...
View ArticleCentric Brands Inc. – Blackstone-Controlled “Lifestyle Brand Collective”...
[Developing Story] May 18, 2020 – Centric Brands Inc. and 34 affiliated Debtors (NASDAQ: CTRC; “Centric” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern...
View ArticleOak Point Partners, LLC acquires remnant assets of the Drug Fair Group, Inc.,...
February 5, 2013 – Oak Point Partners, LLC acquired the remnant assets of the Drug Fair Group, Inc., et al., Bankruptcy Estates in February 2013. On March 18, 2009, Drug Fair Group, Inc. and its...
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Exide Holdings, Inc. – Battery Giant’s Third Chapter 11 in 20 Years Will be...
May 19, 2020 – Exide Holdings, Inc. and four affiliated Debtors (“Exide” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number...
View ArticleClare Oaks – Bondholders File Chapter 11 Plan of Reorganization as Residents...
May 15, 2020 – Bondholders Lapis Advisers, LP and Amundi Pioneer Asset Management, Inc. (together, the “Plan Sponsors”) filed a Chapter 11 Plan and a related Disclosure Statement [Docket Nos. 364 and...
View ArticleHornbeck Offshore Services, Inc. – Leading Offshore Service Vessel Operator...
May 18, 2020 – Hornbeck Offshore Services, Inc. and 13 affiliated Debtors (OTCQB:HOSS; “Hornbeck” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern...
View ArticlePier 1 Imports, Inc. − Seeks Court Authority to Wind‑Down Business Operations...
May 19, 2020 – The Debtors filed a motion requesting Court authority to wind-down their retail operations as soon as stores begin reopening following COVID-19 closures [Docket No. 671]. The Debtors'...
View ArticleChinos Holdings, Inc. (J. Crew Group) – Files Prearranged Chapter 11 Plan and...
May 18, 2020 – The Debtors filed a "Prearranged" Chapter 11 Plan of Reorganization and related Disclosure Statement [Docket Nos. 247 and 248]. Plan Highlights The $311.0mn prepetition ABL Credit...
View ArticleExide Holdings, Inc. – Seeks Access to $40mn of DIP Financing, Terms Include...
May 19, 2020 – The Debtors requested Court authority to (i) access $40.0mn of debtor-in-possession (“DIP”) financing, to be provided by BTC Holdings Fund I, LLC and certain of the Debtors’ prepetition...
View ArticleFrontier Communications Corporation – Fee Shots Fired. Debtors and Evercore...
May 18, 2020 –The Debtors and their investment banker Evercore Group L.L.C. ("Evercore") have elicited several heated objections relating to Evercore's retention and the retention's proposed fee...
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Akorn, Inc. − Generic Pharmaceutical Files Chapter 11 with $1bn of Debt...
[Developing Story] May 20, 2020 − Akorn, Inc. and 16 affiliated Debtors (Nasdaq: AKRX, “Akorn” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of...
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CraftWorks Parent, LLC – Court Approves $93mn Sale of Debtors’ Assets to...
May 21, 2020 – At a May 20th hearing, the Court hearing the CraftWorks Parent cases issued an order authorizing the Debtors (i) to access $25.4mn of debtor-in-possession (“DIP”) financing on a final...
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The Hertz Corporation – Car Rental Giant Joins COVID-19’s #11 Club, as Grace...
[Developing Story] May 22, 2020 – The Hertz Corporation and 29 affiliated Debtors (NYSE: HTZ ; “Hertz” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District...
View ArticleUnit Corporation – Tulsa-Based E&P Files “Pre-Negotiated” Chapter 11 with...
[Developing Story] May 22, 2020 – Unit Corporation and five affiliated Debtors (NYSE: UNT; "Unit” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern...
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LATAM Airlines Group S.A. – Latin America’s Largest Airline Group (14th...
[Developing Story] May 26, 2020 – LATAM Airlines Group S.A. and 28 affiliated Debtors (NYSE (ADRs): LTM, “LATAM” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the...
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