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 obtained committed exit financing, the Debtor, its advisors, and the advisors for the Consenting Noteholders have been in advanced negotiations with both of the Company’s secured…

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 of fees and expenses and (ii) the rights offering procedures and related forms. The objection asserts, “On April 12, 2017, the Debtors filed this motion…to sell…

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 unsecured claim of $6,008,917.52. The motion explains, “As noted in Debtor’s Petition, CCI is listed as one of Debtor’s twenty largest unsecured Creditors. Pursuant…

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 money, non-amortizing, multiple draw term loan facility in the aggregate principal amount of $7,500,000. Loans under the DIP Facility shall be available in up to four installments,…

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 closing sales. Gordon Brothers Retail Partners is the consultant. Court-filed documents note, “The liquidation of the Store Closure Assets is expected to yield…

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 Adeptus Health’s financing motion. Colorado Springs I Medical Properties & Hilliard Medical Properties asserts, “The Objecting Landlords hereby object to any proposed final DIP order that seeks…