The U.S. Bankruptcy Court approved Breitburn Energy Partners’ motion to approve a sixth amendment to the Company’s post-petition financing arrangements. As previously reported, “Pursuant to this Motion, the Debtors seek authority to further amend their existing postpetition revolving loan facility.…that (a) extends the Existing DIP Facility’s scheduled maturity date to March 31, 2018; and (b)…

The U.S. Bankruptcy Court approved Peekay Boutiques Disclosure Statement and concurrently confirmed the Company’s Joint Plan of Liquidation. According to documents filed with the Court, “The Global Settlement forms the foundation of the Plan, which provides for the Sale of substantially all of the Debtors’ assets to the Buyer, subject in all respects to higher…

Privately-held Velocity Holding and 18 affiliated debtors–including Velocity Pooling Vehicle, Motorsport Aftermarket Group and 16 other affiliated Debtors–filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 17-12442. The Company, which distributes, designs, manufactures, retails and markets aftermarket parts, apparel and accessories for the powersports industry, is represented…

Ironclad Performance Wear filed with the U.S. Bankruptcy Court an emergency motion for an order authorizing Debtors to effectuate a name change. The motion explains, “Under the Asset Purchase Agreement between the Debtors and Brighton-Best International (‘BBI’), the Debtors ‘may not, directly or indirectly, use the name ‘Ironclad’, ‘Ironclad Performance Wear’ or any derivative thereof…

The U.S. Bankruptcy Court issued an order converting PFO Global’s Chapter 11 reorganization to a liquidation under Chapter 7. The order states, “As the Chapter 11 Trustee is no longer attempting to pursue confirmation of a plan based upon a merger and/or sale of the Debtor’s corporate shell and the Court having already determined that…

Gulfmark Offshore’s Amended Chapter 11 Plan of Reorganization became effective, and the Company emerged from Chapter 11 protection. The U.S. Bankruptcy Court confirmed the Plan on October 4, 2017. According to a corporate release, the Plan converts approximately $429.6 million of outstanding bonds into equity and raises approximately $125 million of new equity capital. Upon…

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