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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...

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Ultrapetrol 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...

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Emerald 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,...

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Performance 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,...

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ScripsAmerica 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...

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Paragon 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)...

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Violin 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...

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Ultra 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,...

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Peabody 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...

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Homer 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...

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Samson 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...

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PFO 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...

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International 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...

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Charlotte 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...

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DirectBuy 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...

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International 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...

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Homer 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...

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Forbes 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...

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Triangle 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...

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Samson 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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