The U.S. Bankruptcy Court approved Avaya’s motion for entry of an order authorizing the Debtors to enter into and perform under a plan support agreement (PSA). As previously reported, “In particular, the mediation resulted in the substantial resolution of issues among the parties, which are reflected in the Second Amended Joint Chapter 11 Plan of…

The U.S. Bankruptcy Court issued a final order approving Appvion’s post-petition secured financing motion. As previously reported, “The D.I.P. Facility comprises a term loan in an aggregate principal amount of up to $325.2 million consisting of: (i) new money commitments in the aggregate principal amount of $85 million (the ‘New Money Commitments’; the loans made…

Performance Sports Group filed with the U.S. Bankruptcy Court a First Amended Joint Chapter 11 Plan of Liquidation and related Disclosure Statement. According to the Disclosure Statement, “The Plan is a plan of liquidation, pursuant to which the net proceeds from the Sale, the remaining Assets, and/or any recoveries in connection with the Retained Causes…

The U.S. Bankruptcy Court issued a final order authorizing and approving COPSync’s senior secured super-priority post-petition financing; (ii) granting liens and super-priority administrative expense status and (iii) modifying the automatic stay. The order states, “Debtor is authorized to enter into a new money revolving loan under a secured superpriority priming senior credit facility (the ‘DIP…

Unilife filed with the U.S. Bankruptcy Court a compromise motion for approval of the settlement of certain claims with present and former officers and directors and certain plaintiffs and their counsel. The agreement notes, “The settlement agreement includes the following principal terms: no later than 10 business days after the effective date, the Individual defendants…

The U.S. Bankruptcy Court granted final approval to Appvion’s motion to approve a compromise and for entry of an order approving a stipulation with KeyBank National Association to obtain post-petition unsecured credit. As previously reported, “The stipulation with KeyBank is to obtain postpetition unsecured credit on a revolving basis in an amount not to exceed…

True Religion Apparel’s Second Amended Joint Chapter 11 Plan of Reorganization became effective, and the Company emerged from Chapter 11 protection. C.E.O. John Ermatinger comments, “With substantial debt burden removed, we are eager to turn our full attention to implementing our forward-thinking strategy, including improving our retail operations, new partnerships and growing the brand’s digital…

Page 18 of 421« First...10...1617181920...304050...Last »