NII Holdings filed with the U.S. Bankruptcy Court motion for an order authorizing the Debtors to enter into a backstop commitment agreement. The motion explains, “The Rights Offering will be open to all eligible holders of prepetition notes….Specifically, holders of prepetition note claims will each be entitled to receive subscription rights (‘Subscription Rights’) entitling each…

Praxair filed with the U.S. Bankruptcy Court a limited objection to Exide Technologies’ Disclosure Statement. The objection asserts, “Praxair objects to the adequacy of the Disclosure Statement because the Disclosure Statement fails to provide adequate information pertaining to the Agreements as required by section 1125(a) of the Bankruptcy Code. Specifically, the Disclosure Statement fails to…

According to the U.S. Bankruptcy Court docket, the Court approved Revel AC’s motion to (i) increase interim availability under its D.I.P. facility, (ii) approve a corresponding increase in new money commitments and (iii) grant related relief. As previously reported, “The requested increase in interim borrowing availability of $21.0 million is comprised of (i) $19.0 million, which…

NII 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 May 13, 2015 and July 12, 2015, respectively. The motion explains, “In these chapter 11 cases, based on a review of relevant factors,…

According to Dechert LLP, that 11 lawyers have been newly elected as Partners, effective January 1, 2015. The newly-elected Partners are William J. Bielefeld, Caroline Black, Jean-Louis Frognet, Justin J. Gdula, Matthew B. Ginsburg, Andrew Harrow, Patrick Lyons, Matthew L. Mazur, Andrew P. Pontano, Sean Solis and Ari Zak. Of those Partners, the following individuals…