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LaForta – Gestao e Investimentos – With Rig Now Safely in Freeport Harbour...
September 6, 2022 – The Court hearing the LaForta – Gestao e Investimentos case issued an order: (i) approving proposed bidding procedures for the sale of the Debtor’s assets (ie, the semisubmersible...
View ArticleArmstrong Flooring Inc – With Asset Sales Approved, Debtors Seek 120-Day Plan...
September 2, 2022 – The Debtors filed a motion to extend the periods during which they have an exclusive right to file a Chapter 11 Plan, and solicit acceptances thereof, through and including January...
View ArticleClarus Therapeutics Holdings, Inc. – Testosterone Supplement Manufacturer...
September 5, 2022 – The Debtors filed a motion requesting each of a bidding procedures order and a sale order [Docket No. 12]. The bidding procedures order would: (i) approve bidding procedures in...
View Article8e14 Networks, Inc. – Court Approves Bidding Procedures and Stalking Horse...
September 6, 2022 – The Court hearing the 8e14 Networks case issued an order: (i) approving bidding procedures in respect of the Debtor's proposed sale of substantially all of its assets (the “Sale”),...
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Cineworld Group Plc – Cinema Operator Seeks Approval of Pricey $1.94bn DIP...
September 7, 2022 – The Debtors requested Court authority to: (i) access $1.94bn in new money, debtor-in-possession (“DIP”) financing to be provided by an ad hoc group of Prepetition First Lien Lenders...
View ArticleFirst Guaranty Mortgage Corporation – Mortgage Lender Seeks Approval of...
September 7, 2022 – The Debtors filed a motion requesting each of a bidding procedures order and a sale order [Docket No. 406]. The bidding procedures order would: (i) approve bidding procedure in...
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American Eagle Delaware Holding Company LLC – With Sale of Vista Lake...
September 8, 2022 – The Debtors notified the Court that their Third Amended Plan of Reorganization had become effective as of September 8, 2022 [Docket No. 551]. The Court had previously confirmed the...
View ArticleRuby Pipeline, LLC – Following Settlement with Creditors’ Committee, Court...
September 8, 2022 – The Court hearing the Ruby Pipeline case issued an order: (i) approving the proposed bidding procedures for the sale of the Debtor’s assets, (ii) authorizing the Debtor to select...
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Cineworld Group Plc – Cinema Operator Gets Access to $1.785bn of DIP...
September 8, 2022 – The Court hearing the Cineworld Group cases issued an interim order authorizing the Debtors to: (i) access $1.78bn of debtor-in-possession (the “DIP”) financing (the “Interim...
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8e14 Networks, Inc. – Further to Approval of Stalking Horse, Cyber Security...
September 6, 2022 – The Debtor filed a first amended Subchapter V Plan of Liquidation and separately filed a blackline of the document showing changes from the version filed on August 29, 2022 [Docket...
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SAS AB – Scandinavian Carrier Get Access to $700mn in DIP Financing from...
September 9, 2022 – The Court hearing the SAS AB cases authorized the Debtors to access $700.0mn (approximately SEK 7.0bn) of debtor-in-possession (“DIP”) financing being provided by Apollo Global...
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Brazos Electric Power Cooperative, Inc. – Court Approves Disclosure Statement...
September 13, 2022 – Following a September 13th hearing, the Court hearing the Brazos Electric Power Cooperative cases issued an order approving: (i) the Debtors' Disclosure Statement (conditionally),...
View ArticleImerys Talc America, Inc. – RiverStone Insurers Seeks Dismissal of...
September 13, 2022 – The RiverStone Insurers ("RiverStone") filed a motion to dismiss the Debtors’ Chapter 11 cases, arguing that in addition to the Debtors' demonstrable failure over three years to...
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CalPlant I Holdco, LLC – Court Approves an Additional $18.3mn of DIP...
September 14, 2022 – The Court hearing the CalPlant I Holdco cases issued a second order that amends an existing final debtor-in-possession (“DIP”) order and authorizes the Debtors to access a further...
View ArticleNorthwest Senior Housing Corporation – Creditors’ Committee Latest...
September 14, 2022 – The Debtors' Official Committee of Unsecured Creditors (the “Committee”) has added its voice to that of prepetition bond trustee and debtor-in-possession lender (“DIP”) lender UMB...
View ArticleMariner Health Central, Inc. – Operator of Hayward, California Skilled...
September 19, 2022 – Privately held Mariner Health Central, Inc. and two affiliated debtors (dba Parkview Healthcare, together “Mariner Health” or the “Debtors”) filed for Chapter 11 protection with...
View ArticleNewAge, Inc – U.S. Trustee and Creditors’ Committee Take Aim at Sale Process;...
September 19, 2022 – The U.S. Trustee assigned to the Debtors’ cases and the Debtors’ Official Committee of Unsecured Creditors (the “Committee”) have objected to the Debtors' proposed bidding...
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Stored Solar Enterprises, Series LLC – After Last Minute Agreement Amongst...
October 14, 2022 – The Court hearing the Stored Solar Enterprises, Series LLC case issued an order authorizing the Debtor to: (i) access $3.35mn in new money, debtor-in-possession (“DIP”) financing...
View ArticleFairport Baptist Homes – Court Approves $14.3mn Sale of Debtors’ Rochester...
October 17, 2022 – Further to an August 11th bidding procedures order [Docket No. 246] and an October 14th sale hearing (continued from October 11th), the Court hearing the Fairport Baptist Homes cases...
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Sungard AS New Holdings, LLC – Court Confirms Cloud-Connected Infrastructure...
October 17, 2022 – The Court hearing the Sungard AS New Holdings cases issued an order confirming the Plan element of the Debtors’ Second Amended Combined Plan and Disclosure Statement [Docket No. 763,...
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