Wardman Hotel Owner, L.L.C. – Multifamily Real Estate Specialists Carmel...
July 21, 2021 – Further to the Court’s June 15th bidding procedure order [Docket No. 250] and an auction held on July 20, 2021, the Debtor designated Carmel Partners Realty VII, LLC ("Carmel," a...
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California-Nevada Methodist Homes – Seeks $5.0mn ($1.0mn Interim) in New...
July 22, 2021 – The Debtor requested Court authority to access $5.0mn of new money, debtor-in-possession (“DIP”) financing (including $1.0mn on an interim basis) from B.H. Capital Ventures, LLC (the...
View ArticleBoy Scouts of America – U.S. Trustee Objects to Provisions in Proposed...
July 22, 2021 – The U.S. Trustee assigned to the Debtors' cases has objected to the Debtors' proposed Restructuring Support Agreement (the “RSA”) arguing that its provisions relating to fees to be paid...
View ArticleKaterra, Inc. – Selects Mercer International Affiliate as Stalking Horse...
July 22, 2021 – Further to the Court’s July 6th bidding procedures order [Docket No. 370], the Debtors have filed a notice naming Blue Varsity LLC ("Blue Varsity") as their stalking horse bidder in a...
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Seadrill Limited – Further to Execution of Plan Support Agreement that Looks...
July 24, 2021 – The Debtors have filed a Plan of Reotganization and a related Disclosure Statement [Docket Nos. 862 and 861, respectively]; and further filed a motion requesting approval of (i) the...
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Limetree Bay Refining, LLC – Stricken USVI Refinery Seeks Approval of Asset...
July 26, 2021 – The Debtors filed a motion requesting each of a bidding procedures order and a sales order [Docket No. 191]. The bidding procedures order would (i) approve bidding procedures in respect...
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Frontera Holdings LLC – Former Blackstone-Controlled Texas Supplier of...
July 28, 2021 – The Debtors’ notified the Court that their Plan of Reorganization had become effective as of July 28, 2021 [Docket No.293]. The Court had previously confirmed the Debtors’ Plan on April...
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Bouchard Transportation Co., Inc. – Creditors 507 Summit LLC and Peak Credit...
July 28, 2021 – Creditors 507 Summit LLC (“507”) and Peak Credit LLC (“Peak”) have objected to the sale of the Debtors’ "Wells Fargo Collateral" (vessels encumbered by prepetition Wells Fargo loans)...
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GBG USA Inc. – Citing COVID, “Structural Shifts” in Retail and Supply Chain...
July 29, 2021 – GBG USA Inc and nine affiliated Debtors (“GBG” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of New York, lead case number...
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GBG USA Inc. – Seeks $16.0mn in New Money DIP Financing from Hilco Global...
July 29, 2021 – The Debtors requested Court authority to (i) access $16.0mn of new money, debtor-in-possession (“DIP”) financing and (ii) use cash collateral [Docket No. 14, with credit agreement...
View ArticleGBG USA Inc. – Seeks Approval of Bidding Procedures and Stalking Horse...
July 29, 2021 – 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) authorize bidding procedures in respect...
View ArticleBrazos Electric Power Cooperative, Inc. – Court Grants Extension of Exclusive...
July 29, 2021 – The Court hearing the Brazos Electric Power Cooperative case extended the periods during which the Debtor has an exclusive right to file a Plan and solicit acceptances thereof, through...
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Alpha Latam Management, LLC – Latin American Low Income Consumer Lending...
August 1, 2021 – Alpha Latam Management, LLC and six affiliated Debtors (dba AlphaCredit, “Alpha Latam” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District...
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Bouchard Transportation Co., Inc. – Files APA in Respect of $130mn Purchase...
August 3, 2021 – Further to the Court’s June 8th bidding procedures order [Docket No. 956] and the completion of an auction which commenced on July 19th, the Debtors have now filed an executed asset...
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Bouchard Transportation Co., Inc. – Court Approves $115.3mn Sale of DIP...
August 5, 2021 – The Court hearing the Bouchard Transportation cases issued a pair of orders approving (i) the sale of the Debtors' “Wells Fargo Collateral” (vessels encumbered by the prepetition Wells...
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Washington Prime Group Inc. – Absent Any Qualified Bids in Excess of Daunting...
August 5, 2021 – Further to a July 8th bidding procedures order [Docket No. 289] and absent the receipt of any qualified bids by an August 4th bid deadline, the Debtors notified the Court that had...
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CBL & Associates Properties, Inc – Court Confirms Leading Mall Operator’s...
August 11, 2021 – The Court hearing the CBL & Associates Properties cases has confirmed the Debtors’ Third Amended Plan of Reorganization [Docket No. 1397]. In a press release heralding...
View ArticleAvianca Holdings S.A. – Court Approves Amended $1.6bn DIP Financing...
August 18, 2021 – The Court hearing the Avianca Holdings cases issued an order authorizing the Debtors to enter into amendments to their previously approved debtor-in-possession (“DIP”) financing...
View ArticleTECT Aerospace Group Holdings, Inc. – Court Grants Shorter than Requested...
August 23, 2021 – The Court hearing the TECT Aerospace Group Holdings cases extended (for a second time) the periods during which the Debtors have an exclusive right to file a Plan and solicit...
View ArticleBouchard Transportation Co., Inc. – Further to Wells Fargo Settlement (with...
August 23, 2021 – The Debtors filed an Amended Plan of Reorganization and a related redline showing changes to the version filed on July 9, 2021 [Docket No. 1293]. Also on August 23rd, Judge Jones...
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