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Grupo Posadas S.A.B. de C.V. – Leading Mexican Hotel Opeartor Files Revised...
November 30, 2021 – In advance of their December 8th Plan confirmation hearing, the Debtors filed a revised Prepackaged and a related redline showing changes (changed pages only) to the version filed...
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Avianca Holdings S.A. – Colombian Airline Emerges Cautiously from Bankruptcy...
December 1, 2021 – The now forrmer Debtors notified the Court that their further Modified Third Amended Plan had become effective as of December 1, 2021 [Docket No. 2384]. The Court had previously...
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Riverbed Technology, Inc. – Files Amended Plan in Advance of December 3rd...
December 1, 2021 – The Debtors filed (i) a Memorandum of Law in support of confirmation of the Amended Prepackaged Plan of Reorganization [Docket No. 149], (i) an Amended Prepackaged Chapter 11 Plan of...
View ArticleGBG USA Inc. – Designates Entity Created by Sean “Diddy” Combs as Stalking...
December 2, 2021 –Further to the Court's August 31th bidding procedure order [Docket No. 141], the Debtors have now filed a notice (i) designating SLC Fashion LLC as the stalking horse bidder (the...
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Buckingham Senior Living Community, Inc. – Houston-Based Retirement Community...
December 3, 2021 – The (now former) Debtor notified the Court that its First Amended Chapter 11 Plan of Reorganization had become effective as of November 30, 2021 [Docket No. 521, which attaches the...
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Riverbed Technology, Inc. – Global Provider of IT Products and Services Wins...
December 4, 2021 – The Court hearing the Riverbed Technology cases issued an order confirming the Debtors’ Amended Joint Prepackaged Plan of Reorganization [Docket No. 169]. The Debtors also filed a...
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CMC II, LLC – Consulate Health Care Affiliates Win Approval of Liquidation...
December 3, 2021 – The Court hearing the CMC II, LLC cases issued an order confirming the Debtors’ First Amended Plan of Liquidation [Docket No. 718]. On March 1, 2021, CMC II, LLC and five affiliated...
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Henry Ford Village, Inc. – Files Amended Combined Liquidating Plan and...
November 30, 2021 – In advance of its December 6th Plan confirmation hearing, the Debtor filed an Amended Combined Plan of Liquidation and Disclosure Statement (the “Combined Document”) which attaches...
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Henry Ford Village, Inc. – Court Confirms Liquidating Plan that Repays Bonds...
December 6, 2021 – The Court hearing the Henry Ford Village case confirmed the Debtor’s Liquidating Plan [Docket No. 663]. On October 28, 2020, Henry Ford Village, Inc. (“Henry Ford Village” or the...
View ArticleStrike, LLC – Seeks Approval of Stalking Horse APA with Private Equity House...
December 6, 2021 – The Debtors filed a motion requesting each of a bidding procedures order and a sale order [Docket No. 60]. The bidding procedures order would: (i) approve bidding procedures for the...
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Riverbed Technology, Inc. – Global Provider of IT Products and Services...
December 7, 2021 – The Debtors notified the Court that their Amended Joint Prepackaged Plan of Reorganization has become effective as of December 7, 2021 [Docket No. 173] and further filed an updated...
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Rockdale Marcellus, LLC – Selects TXCR Acquisition as Stalking Horse Bidder;...
December 7, 2021 – Further to the Court’s September 22nd bidding procedures order which required the filing of: (i) a notice designating any stalking horse bidder by 4pm on December 6th (subsequently...
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CMC II, LLC – Notifies Court of December 3rd Effectiveness Date for...
December 3, 2021 – The Debtors notified the Court that their First Amended Plan of Liquidation had become effective as of December 3, 2021 [Docket No. 719] which was also the date upon which the Court...
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Strike, LLC – Court Authorizes $8mn in Interim DIP Financing to be Provided...
December 8, 2021 – The Court hearing the Strike, LLC cases issued an interim order authorizing the Debtors to (i) access $8.0mn of new money, debtor-in-possession (“DIP) financing being made available...
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Crestlloyd, LLC – Developer of Los Angeles Mega-Mansion “The One” Seeks $12mn...
December 8, 2021 – The Debtor filed a motion seeking authority to access up to $12.0mn of debtor-in-possession (“DIP”) financing which is to be provided by prepetition lender Hankey Capital, LLC...
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Grupo Posadas S.A.B. de C.V. – Leading Mexican Hotel Operator Secures...
December 9, 2021 – The Court hearing the Grupo Posadas cases issued an order confirming the Debtors’ Prepackaged Plan of Reorganization [Docket No. 113]. On October 26, 2021, Grupo Posadas S.A.B. de...
View ArticleU.S. Bankruptcy Judge Shelley C. Chapman to Retire on June 6, 2022
December 13, 2021 – The United States Bankruptcy Court for the Southern District of New York has announced that Judge Shelley C. Chapman has declared her intention to retire on June 6, 2022. In a press...
View ArticleGrupo Aeroméxico, S.A.B. de C.V. – Court Approves Exclusivity Extensions as...
December 13, 2021 – The Court hearing the Grupo Aeroméxico, S.A.B. de C.V. cases has extended the periods during which the Debtors have an exclusive right to file a Plan and solicit acceptances...
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Advantage Holdco, Inc. – Court Confirms Plan of Liquidation of Onetime Car...
December 13, 2021 – The Court hearing the Advantage Holdco cases confirmed the Debtors’ Second Amended Plan of Liquidation (filed in conjunction with their Official Committee of Unsecured Creditors, or...
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Intelsat S.A. – Seeks Authority for $7.9bn DIP-to-Exit Financing Arrangements
December 13, 2021 – The Debtors have filed a motion seeking Court authority to enter into an up to $7.875bn debtor-in-possession (“DIP”) financing facility that would be funded as DIP financing during...
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