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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...

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rue21 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...

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Azure 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...

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Katy 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...

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Tidewater 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...

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Puerto 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...

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Constellation 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...

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Paragon 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...

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SunEdison 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...

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Gulfmark 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...

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SunEdison 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,...

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Ciber 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...

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CEOC 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...

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Unilife 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...

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Nine 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...

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Azure 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...

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rue21 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...

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Vanguard 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...

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Premier 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...

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Gulfmark 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...

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