PG&E Corporation – Seeks Authority for $892mn Purchase Option Agreement as...
June 9, 2020 – In furtherance of stage one of a two stage real estate strategy, the Debtors requested Court authority to enter into (i) a lease and purchase option agreement with TMG Bay Area...
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LVI Intermediate Holdings, Inc. – Laser Eye Center Chain Files Chapter 11...
May 30, 2020 – LVI Intermediate Holdings, Inc.and 17 affiliated Debtors (dba Vision Group Holdings; “LVI” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the...
View ArticleJ.C. Penney Company, Inc. – Court Authorizes the Debtors to Begin Phase 1...
June 11, 2020 – The Court hearing the J.C. Penney Company cases issued a final order allowing the Debtors to (i) “immediately” (from June 12th) conduct their store closing process and (ii) assume a...
View ArticleThe Hertz Corporation – In One for the Bankruptcy History Books, About To Be...
June 11, 2020 – The Debtors filed a motion seeking Court authority to enter into a sale agreement with Jefferies LLC (“Jefferies,” agreement noting 3% commission at Exhibit B) whereby Jefferies would...
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Skillsoft Corporation – Education Software Leader Owned by Charterhouse...
June 14, 2020 – Skillsoft Corporation and 15 affiliated Debtors (“Skillsoft” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case...
View ArticleExtraction Oil & Gas, Inc. – Denver-Based O&G Files Chapter 11 Following...
[Developing Story] June 14, 2020 – Extraction Oil & Gas, Inc. and nine affiliated Debtors (NASDAQ: XOG; “Extraction” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court...
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24 Hour Fitness Worldwide, Inc. – Leading Health and Fitness Chain Files...
June 15, 2020 – 24 Hour Fitness Worldwide, Inc.and 10 affiliated Debtors (“24 Hour Fitness” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware,...
View ArticlePyxus International, Inc. – Tobacco Leaf Supplier and Processor Files...
June 15, 2020 – Pyxus International, Inc. and four affiliated Debtors (f/k/a Alliance One International, Inc., NYSE: PYX; “Pyxus” or the “Debtors”) filed for Chapter 11 protection with the U.S....
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Vinson & Elkins Boosts Restructuring & Reorganization Practice with Addition...
June 15, 2020 — Vinson & Elkins (“V&E”) announced the addition of George Howard as a partner in the firm’s Restructuring & Reorganization practice. Mr Howard, who joins V&E from...
View ArticleCentric Brands Inc. – Creditors Committee Objects to DIP Financing that...
June 16, 2020 – The Debtors' Official Committee of Unsecured Creditors (the “Committee”) objected to the Debtors’ proposed $435.0mn debtor-in-possession (“DIP”) financing, arguing that it unduly...
View ArticleRavn Air Group, Inc. – Creditors’ Committee Objects to Chapter 11 Plan and...
June 22, 2020 – The Debtors' Official Committee of Unsecured Creditors (the “Committee”) (i) objected to the Debtors’ proposed Chapter 11 Plan of Liquidation and (ii) filed a cross-motion seeking to...
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Windstream Holdings – Files Technically Modified Plan and Voting Results in...
June 22, 2020 – The Debtors filed a First Amended Joint Chapter 11 Plan of Reorganization with technical modification [Docket No. 2201] which included a redline showing changes from the version of the...
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GNC Holdings, Inc. – Seeks Authorization for Store Closing Sales and...
June 24, 2020 – The Debtors filed a motion requesting Court authority to (i) begin a U.S. and Canadian store closing/sales process and (ii) assume an existing consulting agreement with each of (a)...
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Windstream Holdings – Court Approves Plan that Sees Holders of $2.35bn of...
June 25, 2020 – The Court hearing the Windstream Holdings cases confirmed the Debtors' First Amended Joint Chapter 11 Plan of Reorganization. Judge Robert Drain left several large stakeholders deeply...
View ArticleChesapeake Energy Corporation – Oklahoma City-Based E&P Files Chapter 11 with...
[Developing story] June 28, 2020 – Chesapeake Energy Corporation and 40 affiliated Debtors (NYSE: CHK; “Chesapeake” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in...
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Quorum Health Corporation – Court Rejects Persistent Objections of Equity...
June 29, 2020 – Further to a June 29th Plan confirmation hearing, the Court hearing the Quorum Health Corporation cases confirmed the Debtors' Prepackaged Chapter 11 Plan of Reorganization. The Court...
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NPC International, Inc. – USA Largest’s Restaurant Franchisee (Pizza Hut and...
July 1, 2020 – NPC International, Inc. and seven affiliated Debtors (“NPC” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas, lead case...
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Sanchez Energy Corporation – Notifies Court of June 30 Plan Effectiveness...
June 30, 2020 – The Debtors notified the Court that their Second Amended Joint Chapter 11 Plan had become effective as of June 30, 2020 [Docket No. 1417]. On April 30, 2020, the Court confirmed the...
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Lucky Brand Dungarees, LLC – Premium Denim Manufacturer Succumbs to COVID-19...
July 3, 2020 – Lucky Brand Dungarees, LLC and four affiliated Debtors (“Lucky Brand” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead...
View ArticlePier 1 Imports, Inc. − Gets $20mn Stalking Horse Bid for E-Commerce...
July 5, 2020 – Further to a February 18th bidding procedures order [Docket No. 102], the Debtors notified the Court hearing their cases that they had (i) selected Pier 1 Imports Online, Inc. (the...
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