Adeptus Health Bankruptcy Objections Filed
Multiple parties – including Colorado Springs I Medical Properties & Hilliard Medical Properties, Wexford Capital and Custer Corner – filed with the U.S. Bankruptcy Court separate objections to...
View Articlerue21 Consulting Agreement Approval Sought
rue21 filed with the U.S. Bankruptcy Court an emergency motion for entry of interim and final orders (i) authorizing the Debtors to assume a consulting agreement and (ii) approving procedures for store...
View ArticleAzure Midstream Partners Bankruptcy Objections Filed
Multiple parties – including the United States of America, the U.S. Trustee assigned to the case, the official committee of equity security holders and the Texas Comptroller of Public Accounts – filed...
View ArticleKaty Industries Interim D.I.P. Financing Approved
The U.S. Bankruptcy Court issued an interim order approving Katy Industries’ D.I.P. financing motion. As previously reported, “The DIP Facility is a secured, superpriority, debtor in possession, new...
View ArticleTidewater Prepackaged Chapter 11 Bankruptcy
Tidewater and more than 25 affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 17-11132. The Company, which provides energy...
View ArticlePuerto Rico Bankruptcy Committee Sought
Cesar Castillo (CCI) filed with the U.S. Bankruptcy Court a motion requesting Court appointment of an official unsecured creditors’ committee. CCI is listed on Schedule B to the petition with an...
View ArticleConstellation Enterprises Bankruptcy Settlement Denied
The U.S. Bankruptcy Court denied approval of a settlement between Constellation Enterprises, its official committee of unsecured creditors, the purchaser and the ad hoc noteholder group. As previously...
View ArticleParagon Offshore U.K. Proceeding Commenced
Paragon Offshore filed with the U.S. Bankruptcy Court a notice of commencement of foreign proceeding in relation to its Chapter 11 case. The notice states, “Consistent with the terms of the proposed...
View ArticleSunEdison Bankruptcy Objection Filed
CNH Partners and AQR Capital Management filed with the U.S. Bankruptcy Court an objection to SunEdison’s motion for (i) entry into the backstop commitment letter, equity commitment agreement, payment...
View ArticleGulfmark Offshore Bankruptcy Plan Filed
Gulfmark Offshore filed with the U.S. Bankruptcy Court a Chapter 11 Plan of Reorganization and related Disclosure Statement. According to the Disclosure Statement, “Although the Debtor has not yet...
View ArticleSunEdison Bankruptcy Settlement Approved
The U.S. Bankruptcy Court approved SunEdison’s motion for entry of an order authorizing and approving its entry into a settlement agreement with BCPG PLC. As previously reported, “On January 29, 2016,...
View ArticleCiber DIP Financing Amendment Filed
Ciber filed with the U.S. Bankruptcy Court an amendment to the final order authorizing the Debtors to (a) use cash collateral; (b) incur post-petition debt and (c) grant adequate protection and provide...
View ArticleCEOC Restructuring Approved
In a corporate release, Caesars Entertainment Corporation (CEC) and Caesars Entertainment Operating Company (CEOC) announced that the Mississippi Gaming Commission granted required regulatory approvals...
View ArticleUnilife Bankruptcy Examiner Appointment Sought
Kahle Automation filed with the U.S. Bankruptcy Court an expedited motion to appoint an examiner for Unilife case. Kahle Automation holds a $4.2 million unsecured claim against Unilife. Documents filed...
View ArticleNine West Holdings Possible Restructuring
On May 12, 2017, S&P Global Ratings lowered its corporate credit rating on Nine West Holdings, Inc. to CCC- from CCC, its secured $445 million first-lien term loan due 2019 to CCC+ from B-, its...
View ArticleAzure Midstream Partners Bankruptcy Plan Amended & Confirmed
Azure Midstream Partners filed with the U.S. Bankruptcy Court a Fifth Amended Plan of Liquidation, which notes, “The Debtors estimate that on the Effective Date approximately $821,000 in General...
View Articlerue21 D.I.P. Financing Approved
The U.S. Bankruptcy Court issued an interim order approving rue21’s emergency financing motion. As previously reported, “The DIP ABL Lenders agreed to issue in the aggregate principal amount of $125...
View ArticleVanguard Natural Resources Successful Bid Notice Filed
Vanguard Natural Resources filed with the U.S. Bankruptcy Court a notice of successful bid, which states, “Pursuant to the Bidding Procedures Order, on May 17, 2017, the Debtors held an open auction on...
View ArticlePremier Exhibitions PSA Approval Sought
Premier Exhibitions filed with the U.S. Bankruptcy Court a motion for an order authorizing the Debtors, the official committee of unsecured creditors and the official committee of equity security...
View ArticleGulfmark Offshore RSA Approval Sought
Gulfmark Offshore filed with the U.S. Bankruptcy Court a motion for authority to assume a restructuring support agreement (RSA). The motion explains, “The terms of the restructuring are reflected in...
View Article