Energy Future Holdings Stipulation Filed
Energy Future Holdings (EFH) filed with the U.S. Bankruptcy Court a stipulation and agreement between EFH and the Energy Future Intermediate Holdings (EFIH) first lien notes trustee and the EFIH second...
View ArticleUltrapetrol Bahamas River RSA’s Filed
Ultrapetrol Bahamas filed with the U.S. Bankruptcy Court a motion authorizing the assumption of a restructuring support agreement related to the sale of its River Business (the River RSA) and...
View ArticleEmerald Oil Disclosure Statement Approved
The U.S. Bankruptcy Court issued an order approving Emerald Oil’s Disclosure Statement and scheduled a March 22,2 017 hearing to consider the Modified Joint Plan of Liquidation. As previously reported,...
View ArticlePerformance Sports Group Transactions Approved
The U.S. Bankruptcy Court granted Performance Sports Group’s motion to approve certain corporate restructuring transactions in connection with the Debtors’ going-concern sale. As previously reported,...
View ArticleScripsAmerica Bankruptcy Liquidation Approved
The U.S. Bankruptcy Court issued an order (with revisions made by the Court) approving the motion of the U.S. Trustee assigned to the ScripsAmerica case to convert the Company’s Chapter 11...
View ArticleParagon Offshore Bankruptcy Plan Filed
Paragon Offshore filed with the U.S. Bankruptcy Court a Third Joint Chapter 11 Plan of Reorganization and related Disclosure Statement. According to the Disclosure Statement, “There are three (3)...
View ArticleViolin Memory PSA Approved
The U.S. Bankruptcy Court approved Violin Memory’s motion for an order authorizing its entry into and performance under a plan sponsor agreement (PSA). As previously reported, “At the auction, the...
View ArticleUltra Petroleum Bankruptcy Plan Filed
Ultra Petroleum filed with the U.S. Bankruptcy Court a Second Amended Chapter 11 Plan of Reorganization and related Disclosure Statement. According to the Disclosure Statement, “On December 6, 2016,...
View ArticlePeabody Energy Pricing Announced
Peabody Energy announced that it has successfully priced a senior secured term loan and upsized the term loan to $950 million from $500 million. The term loan, together with $500 million aggregate...
View ArticleHomer City Generation Objection Filed
The U.S. Trustee assigned to the Homer City Generation case filed with the U.S. Bankruptcy Court an objection to the Debtors’ Prepackaged Chapter 11 Plan. The Trustee asserts, “The Debtor has worked...
View ArticleSamson Resources Objections Filed
Multiple parties – including J-W Power Company, the Internal Revenue Service (IRS), Cabot Oil & Gas and USA Compression Partners – filed with the U.S. Bankruptcy Court separate objections to Samson...
View ArticlePFO Global Interim DIP Financing Approved
The U.S. Bankruptcy Court approved, on an interim basis, PFO Global’s motion (i) for interim and final orders (a) authorizing and approving secured post-petition financing, (b) granting security...
View ArticleInternational Shipholding Objections Filed
Multiple parties – including the Louisiana Department of Revenue (LDR), BMO Harris Equipment Finance Company and Capital One – filed with the U.S. Bankruptcy Court separate objections to International...
View ArticleCharlotte Russe, Inc.’s Ratings Lowered
Charlotte Russe, Inc. On February 6, 2017, S&P Global Ratings lowered its corporate credit rating on Charlotte Russe, Inc. to CCC+ from B-, its $150 million first-lien term loan to CCC+ from B- and...
View ArticleDirectBuy Holdings Bankruptcy Extension Sought
DirectBuy Holdings filed with the U.S. Bankruptcy Court a motion to extend the exclusive period during which the Company can file a Chapter 11 plan and solicit acceptances thereof through and including...
View ArticleInternational Shipholding Objections Filed
Multiple parties – including Westchester Fire Insurance Company, Patriot Shipping and the Internal Revenue Service – filed with the U.S. Bankruptcy Court separate objections to International...
View ArticleHomer City Generation Bankruptcy Plan Filed
Homer City Generation filed with the U.S. Bankruptcy Court a First Amended Chapter 11 Plan. According to the Plan, “On the Effective Date, prior to the release and discharge of the Notes Claims, all...
View ArticleForbes Energy Services Sale Approved
The U.S. Bankruptcy Court approved Forbes Energy Services’ motion for an order authorizing the assumption of asset purchase agreements and approving the private sale of certain assets free and clear of...
View ArticleTriangle USA Petroleum Bankruptcy Order Amended
The U.S. Bankruptcy Court issued an order amending the final order authorizing Triangle USA Petroleum to use cash collateral; granting adequate protection to pre-petition secured parties and modifying...
View ArticleSamson Resources Bankruptcy Plan Confirmed
The U.S. Bankruptcy Court confirmed Samson Resources’ Global Settlement Joint Chapter 11 Plan of Reorganization. As previously reported, “In particular, the Plan provides for unsecured creditors to...
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