PBS Brand Co., LLC – Court Approves $32.4mn Sale of Assets to Credit Bidding...
March 16, 2021 – The Court hearing the PBS Brand Co cases issued an order approving the sale of substantially all of the Debtors’ assets to prepetition and debtor-in-possession (“DIP”) lender CrowdOut...
View ArticleHenry Ford Village, Inc. – U.S. Trustee and Creditors’ Committee Object to...
March 16, 2021 – The U.S. Trustee assigned to the Debtor's cases and the Debtor's Official Committee of Unsecured Creditors (the “Committee”) have each objected to the Debtor's proposed key employee...
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Le Tote, Inc. (Lord & Taylor) – Following HBC Settlement, Court Confirms...
March 24, 2021 – The Court hearing the Le Tote cases confirmed the Debtors’ Second Amended Joint Chapter 11 Plan [Docket No. 1092]. On August 2, 2020, Le Tote, Inc. and four affiliated Debtors (“Le...
View ArticleFieldwood Energy LLC – Debtors File Second Set of Plan Documents in Two Days;...
March 24, 2021 – The Debtors filed a Third Amended Plan of Reorganization and a related Disclosure Statement [Docket Nos. 1115 and 1117, respectively]; and separately filed blacklines showing minor...
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Country Fresh Holding Company Inc. – Designates Successful Bidders for U.S....
March 25, 2020 – Further to a February 26th bidding procedures order [Docket No. 164] and an auction held on March 24, 2021, the Debtors notified the Court that they had designated stalking horse...
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Greensill Capital Inc. – Seeks $2mn in DIP Financing from Peter Greensill...
March 25, 2021 – The Debtor filed a motion requesting authority to access $2.0mn in debtor in possession (“DIP”) financing, including $1.5mn on interim basis; with the $500k balance $500k to be made...
View ArticleGreensill Capital Inc. – Seeks Approval of Bidding Procedures for Sale of...
March 29, 2021 – The Debtor requested each of a bidding procedures order and a sale order in respect of the sale of its ownership interests in Finacity Corporation (the “Finacity Equity”) (the “Sale”)...
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Ferrellgas Partners, L.P. – Blue Rhino Propane Distributor Emerges from...
March 30, 2021 – The Debtors notified the Court that their Second Amended Prepackaged Joint Chapter 11 Plan of Reorganization became effective as of March 30, 2021 [Docket No. 220]. The Court had...
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Global Eagle Entertainment Inc. – Further to Closing of $675mn Sale of Assets...
March 31, 2021 – The Debtors notified the Court that their Second Amended Joint Chapter 11 Plan of Liquidation had become effective as of March 31, 2021 [Docket No. 888]. On January 29, 2021, the...
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Seadrill Limited – Files Comprehensive Restructuring Proposal to Include...
April 1, 2021 – As required by their March 9th final cash collateral order [Docket No. 253], the Debtors have now provided a comprehensive restructuring proposal to the coordinating committee of...
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TECT Aerospace Group Holdings, Inc. – Confluence of 737 Max Disasters and...
April 5, 2021 – TECT Aerospace Group Holdings, Inc. and six affiliated Debtors (“TECT Aerospace” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of...
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TECT Aerospace Group Holdings, Inc. – Seeks $60.2mn ($22.0mn Interim) in DIP...
April 6, 2021 – The Debtors requested Court authority to (i) access $60.0mn of debtor-in-possession (“DIP”) financing in the form of a super-priority credit facility being provided by prepetition...
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Stoneway Capital Ltd. – Highly Leveraged Operator of Argentine Power...
April 7, 2021 – Stoneway Capital Ltd. and five affiliated Debtors (“Stoneway” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of New York, lead...
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Diamond Offshore Drilling, Inc. – Court Confirms Plan that Will See $1.8bn of...
April 8, 2021 – The Court hearing the Diamond Offshore Drilling cases confirmed the Debtors’ Second Amended Plan of Reorganization [Docket No. 1231]. On April 26, 2020, Diamond Offshore Drilling, Inc....
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Automotores Gildemeister SpA – Leading Latin American Automotive Retail Group...
April 12, 2021 – Privately held Automotores Gildemeister SpA and 12 affiliated Debtors (“Automotores” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern...
View ArticleStein Mart, Inc. – Following Store Closings and Sale of E-Commerce Assets to...
April 13, 2021 – The Court hearing the Stein Mart cases confirmed the Debtors’ Plan of Liquidation [Docket No. [1010]. On August 12, 2020, Stein Mart, Inc. and two affiliated Debtors (NASDAQ: SMRT;...
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The Hertz Corporation – Files Amended Plan with Increased Recovery for...
April 14, 2021 – The Debtors filed a Second Modified Second Amended Joint Chapter 11 Plan and a related redline showing changes from the version filed on April 10, 2021 [Docket Nos 3897 and. 3898,...
View ArticleAvianca Holdings S.A. – Seeks Third Plan Exclusivity Extension; Details...
April 14, 2021 – The Debtors filed a motion to extend (for a third time) the periods during which they have an exclusive right to file a Plan and solicit acceptances thereof, through and including...
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The Hertz Corporation – Files Amended Plan with Increased Recovery for...
April 14, 2021 – The Debtors filed a Second Modified Second Amended Joint Chapter 11 Plan and a related redline showing changes from the version filed on April 10, 2021 [Docket Nos 3897 and. 3898,...
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The Hertz Corporation – Files Another Plan and Disclosure Statement in...
April 16, 2021 – The Debtors filed a Third Modified Second Amended Joint Chapter 11 Plan of Reorganization and a related Disclosure Statement [Docket Nos. 3954 and 3963, respectively], and separately...
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