The U.S. Bankruptcy Court issued an order approving Energy Future Holdings (EFH) and Energy Future Intermediate Holding Company (EFIH) Finance’s motion for entry of an order approving replacement post-petition financing for EFIH and EFIH Finance, granting liens and providing super-priority administrative expense claims, extending the use of cash collateral by EFIH and EFIH Finance, authorizing…

The U.S. Bankruptcy Court issued an order (i) approving Implant Sciences Disclosure Statement; (ii) approving solicitation and voting procedures, including fixing the record date, approving the solicitation packages and procedures for distribution, approving the form of ballots and establishing procedures for voting, and approving procedures for vote tabulation; and (iii) scheduling a confirmation hearing and…

WestMountain Gold filed with the U.S. Bankruptcy Court a Chapter 11 Plan of Reorganization and related Disclosure Statement. According to the Disclosure Statement, “The Plan will be primarily funded from the New Capital investment in the Debtor based on debtor in possession financing provided during the case and new equity invested at the time the…

Nuverra Environmental Solutions filed with the U.S. Bankruptcy Court an Amended Prepackaged Plan of Reorganization. According to the Amended Plan, “Each Holder of Allowed 2018 Note Claims against the Nuverra Group Debtors shall receive, in full and final satisfaction of its Allowed 2018 Note Claims against the Nuverra Group Debtors, but subject to the charging…

The U.S. Bankruptcy Court issued an order to show cause regarding the appointment of a patient care ombudsman to the Foundation Healthcare case. The order states, “Pursuant to 11 U.S.C. section 333(a)(1), the Court shall order the appointment of a patient care ombudsman within 30 days after the commencement of the case, unless the Court…

Energy Future Holdings filed with the U.S. Bankruptcy Court a revised order in connection with the motion of Energy Future Intermediate Holdings (EFIH) and EFIH Finance for (a) post-petition replacement financing, (b) granting liens and providing super-priority administrative expense claims, (c) extending the use of cash collateral, (d) authorizing refinancing of post-petition secured debt and…

Privately-held TK Holdings and 11 affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 17-11375. The Company, which is a global manufacturer of automotive safety components, is represented by Mark D. Collins of Richards, Layton & Finger. Contemporaneously herewith, parent Takata Corporation and two…

On June 22, 2017, Moody’s Investors Service downgraded the ratings of U.S. Renal Care, Inc., including its corporate family rating to B3 from B2, its probability of default rating to B3-PD from B2-PD, its senior secured first lien credit facilities to B2 from B1 and its senior secured second lien credit facility to Caa2 from…