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SiO2 Medical Products, Inc. – Pharmaceutical Packaging Manufacturer Caught...
March 29, 2023 – The Debtors requested Court authority to enter into a $120.0mn (“DIP”) financing facility* to be provided by certain affiliates, managed funds, or accounts of Oaktree Capital...
View ArticleEnLink Midstream Announces Proposed Offering of Additional Senior Notes Due 2030
EnLink Midstream, LLC has announced its plan to offer an additional $300 million of senior notes due 2030, subject to market conditions. These notes will be issued under the same indenture as the $700...
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SiO2 Medical Products, Inc. – Debtors File Bidding Procedures in Continued...
March 29, 2023 – Further to the terms of a Restucturing Support Agreement (the "RSA"), which requires the Debtors to continue to market their assets in the hopes of securing cash consideration in...
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Celsius Network LLC – Cryptocurrency P2P Lending Platform Files a Plan of...
March 31, 2023 – The Debtors filed a Chapter 11 Plan of Reorganization [Docket No. 2358] and an accompanying "Statement Regarding Plan Process" (the "Statement") drafted by Debtors' counsel, Kirkland...
View ArticleVirgin Orbit Holdings Inc. – Richard Branson-Controlled Satellite Launch...
[Just filed. Developing story.] April 4, 2023 – Virgin Orbit Holdings Inc. and four affiliated debtors (Nasdaq: VORB; together “Virgin Orbit” or the “Debtors”) filed for Chapter 11 protection with the...
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Boxed, Inc. – Seeks Approval for $26.25mn Private Sale of Spresso Business...
March 14, 2023 – The Debtors filed a motion seeking a sale procedures order which would: (i) approve proposed procedures in relation to a $26.25mn private sale of their Spresso business (the “Spresso...
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Clovis Oncology, Inc. – After Multiple Rounds of Bidding Against Dr. Reddy’s...
March 31, 2023 – Further to a January 24th bidding procedures order [Docket No. 257] and an auction concluded on March 30th, the Debtors notified the Court that they had selected Austria's Pharma&...
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All Year Holdings Limited – Following Sale of Brooklyn Property Portfolio to...
April 4, 2023 – The Debtor notified the Court that its Third Amended Plan of Reorganization had become effective as of April 4, 2023 [Docket No. 382]. The Court had previously confirmed the Debtor's...
View ArticleIndependent Pet Partners Holdings, LLC – Court Approves Sale of 66 Kriser’s...
April 4, 2023 – Further to a February 24th bidding procedures order [Docket No. 187] and an April 4th sale hearing, the Court hearing the Independent Pet Partners Holdings, LLC cases issued an order...
View ArticlePurdue Pharma L.P. – After Extensive Marketing Process, Debtors Choose...
April 5, 2023 – The Debtors filed a motion requesting each of a bidding procedures order and a sale order [Docket No. 5533]. The bidding procedures order would: (i) approve bidding procedures in...
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TOMS King (Ohio) LLC – Files Results of 90-Store Auction; Karali, Burger...
March 22, 2023 – Further to a March 8th bidding procedures order [Docket No. 351] and an auction held on March 21st, the Debtors notified the Court that Winning Bidders had been designated in respect...
View ArticleLucira Health, Inc. – With Combined COVID-19/Flu Testing Kit Now FDA...
April 6, 2023 – Further to a March 27th bidding procedures order [Docket No. 182] and an auction concluded on April 6th, the Debtor notified the Court that it had selected Pfizer Inc. as the successful...
View ArticleCBC Restaurant Corp. – In No-Holds Barred Battle of Indian-American...
April 7, 2023 – The Debtors filed a motion requesting each of a bidding procedures order and a sale order [Docket No. 289]. The bidding procedures order would: (i) approve bidding procedures in...
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AmeriMark Interactive, LLC – Multi-Channel, “Digital-First” E-Commerce...
[Just filed. Developing story.] April 11, 2023 – Privately-held AmeriMark Interactive, LLC and six affiliated debtors (together “AmeriMark Interactive” or the “Debtors”) filed for Chapter 11 protection...
View ArticleLucira Health, Inc. – Back-Up Bidder Pearsanta Objects to Choice of Pfizer as...
April 10, 2023 – Back-up bidder Pearsanta, Inc. ("Pearsanta") has filed an objection to the results of the Debtors' April 6th auction, arguing that the Debtors' choice of Pfizer, Inc. ("Pfizer") as the...
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National CineMedia, LLC – Cinema Advertising Network Files for Bankruptcy...
April 11, 2023 – National CineMedia, LLC (“NCM LLC” or the “Debtor*”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas, case No. 23-90291 (Judge David R...
View ArticlePLx Pharma Inc. – As Anticipated Sparta, NJ-Based “Commercial-Stage Drug...
[Just filed. Developing story.] April 13, 2023 – As flagged by an April 12th press release, PLx Pharma Inc. and one affiliated debtors (NASDAQ: PLXP; together “PLx” or the “Debtors”) filed for Chapter...
View ArticleBaytex Offers $750mm Notes
Baytex Energy Corp. has announced that it plans to offer US$750 million aggregate principal amount of senior unsecured notes due 2030 in a private offering. The Notes will pay interest semi-annually in...
View ArticleVice Media Hires an Executive from AlixPartners
Wall Street Journal reports, Vice Media has hired an executive from turnaround specialist AlixPartners as its interim finance chief as the struggling media company looks for a buyer, according to...
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David’s Bridal, LLC – Leading “Bridal Authority” Back at Chapter 11 Altar for...
April 17, 2023 – David's Bridal, LLC and five affiliated debtors (“David's Bridal” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of New Jersey, lead...
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