Martin Midstream Offloads Assets to Reduce Debt
Martin Midstream Partners L.P. announced the sale of certain assets used in connection with the Mega Lubricants shore-based terminals business to John W. Stone Oil Distributor, LLC for $22.4 million....
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CBL & Associates Properties, Inc – Leading Mall Operator Files Plan and...
December 29, 2020 – The Debtors filed their Chapter 11 Plan of Reorganization and a related Disclosure Statement [Docket Nos. 370 and 371, respectively], and further filed a motion requesting Court...
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CEC Entertainment, Inc. (Chuck E. Cheese’s) – Notifies Court of December 30th...
December 30, 2020 – The Debtors notified the Court that their Second Amended Plan had become effective as of December 30, 2020 [Docket No. 1528]. The Court had previously confirmed the Debtors’ Plan on...
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Benevis Corp. – Dental Practices Support Services Company Secures...
December 30, 2020 – The Court hearing the Debtors’ cases issued an order approving (i) the adequacy of the Debtors' Disclosure Statement on a final basis and (ii) confirming the Debtors' Plan of...
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Tuesday Morning Corporation – Off-Price Retailer Notifies Court of December...
December 31, 2020 – The Debtors notified the Court that their Revised Second Amended Plan of Reorganization had become effective as of December 31, 2020 [Docket No. 1938]. The Court had previously...
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Pacific Drilling S.A. (2020) – Drillship Operator Emerges from Bankruptcy...
December 31, 2020 – The Court hearing the Debtors’ cases issued an order confirming the Debtors' Modified First Amended Plan of Reorganization [Docket No. 286 as amended at Docket No. 287]. The Court...
View ArticleUnipharma, LLC – Court Order Unlocks a Further $11.5mn of DIP Financing
December 31, 2020 – The Court hearing the Unipharma cases issued a final order authorizing the Debtors to (i) access the $11.5mn balance of a $15.6mn debtor-in-possession (“DIP”) financing facility...
View ArticleUnipharma, LLC – Court Approves Stalking Horse APA, Bidding Procedure and an...
December 31, 2020 – The Court hearing the Unipharma cases issued an order (i) authorizing the Debtors to enter into an asset purchase agreement with stalking horse NHTV (AIV) ULM BIDCO LLC (the...
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Valaris plc – Hits Back at RCF Lenders in Third Amended Plan and Disclosure...
December 30, 2020 – The Debtors’ filed their third amended Plan of Reorganization and related Disclosure Statement with an attached redline for each document showing changes to the versions filed on...
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Tonopah Solar Energy, LLC – Notifies Court of December 18th Plan...
December 18, 2020 – The Debtor notified the Court that its Amended Chapter 11 Plan had become effective as of December 18, 2020 [Docket No. 302]. The Court had previously confirmed the Debtor’s Plan on...
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Ascena Retail Group, Inc. – Files Third Amended Plan to Provide Sale...
December 30, 2020 – The Debtors filed their Third Amended Plan of Reorganization, with technical modifications representing changes to the solicitation version filed on November 23, 2020 [Docket No....
View ArticleFieldwood Energy LLC (2020) – Files Reorganization Plan and Disclosure...
January 1, 2021 – The Debtors filed a Plan of Reorganization and related Disclosure Statement [Docket Nos. 722 and 723, respectively]. They further filed a motion requesting Court approval of (i) the...
View ArticleCred Inc – Cryptocurrency Platform Files Combined Plan of Liquidation and...
December 31, 2020 – The Debtors filed a Combined Plan of Liquidation and Disclosure Statement [Docket No. 301] and separately requested a Court order that would (i) conditionally approve the adequacy...
View ArticleCenter City Healthcare, LLC – Files Plan of Liquidation and Disclosure...
December 31, 2020 – The Debtors filed their Plan of Liquidation and related Disclosure Statement [Docket Nos. 2001 and 2002, respectively]. The filing of the Plan and Disclosure Statement comes...
View ArticleAntero Resources Prices $500M Notes
Antero Resources Corporation announced the pricing of its private placement to eligible purchasers of $500 million in aggregate principal amount of 8.375% senior unsecured notes due 2026 at par. Antero...
View ArticleHusky Energy Cut on Cenovus Combination
On January 4, 2021, S&P Global Ratings lowered its LT issuer credit and senior unsecured debt ratings on Husky Energy Inc. to BBB- from BBB. On December 15, 2020, Cenovus Energy Inc. and Husky...
View ArticleFrancesca’s Holdings Corporation – Court Issues Final Order in Respect of...
January 4, 2021 – The Court hearing the Francesca’s Holdings Corporation cases issued a final order approving (i) the Debtors’ assumption of a store closing consultancy agreement with Tiger Capital...
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Francesca’s Holdings Corporation – Debtors Get Access to a Further $10mn of...
January 4, 2021 – The Court hearing the Francesca’s Holdings Corporation cases issued a final order authorizing the Debtors to (i) access the $10.0mn balance of a $25.0mn debtor-in-possession (“DIP”)...
View ArticleFrancesca’s Holdings Corporation – Court Approves Heavily Revised Bidding...
January 4, 2021 – The Court hearing the Francesca’s Holdings Corporation cases issued an order (i) approving bidding procedures for the sale of substantially all of the Debtors' assets, (ii) approving...
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Ursa Piceance Holdings LLC – Files Amended Chapter 11 Plan and...
January 4, 2021 – The Debtors filed an Amended Chapter 11 Plan of Reorganization and a related blackline showing immaterial changes to the version of the Plan filed on November 30, 2020 [Docket Nos....
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