The U.S. Bankruptcy Court approved, on a final basis, Avaya’s financing motion. As previously reported, “The D.I.P. lenders and administrative agents are Citibank, Citigroup Global Markets, Barclays Bank PLC and Deutsche Bank Securities….The D.I.P. Financing is to enter into the D.I.P. Agreement and related documents providing for a $725 million DIP Term Facility, to be…

hhgregg filed with the U.S. Bankruptcy Court a motion for an order (a) scheduling a bid procedure hearing, authorizing and approving bid procedures, approving notice procedures, scheduling a sale hearing, approving procedures for assumption and assignment and determining cure amounts and (b) authorizing the sale of substantially all of the Debtors’ assets free and clear…

The U.S. Bankruptcy Court confirmed Chaparral Energy’s First Amended Joint Plan of Reorganization. As previously reported, “Effective as of the Effective Date, the Bank of New York Mellon, in its capacity as escrow agent pursuant to the Subscription Escrow Agreement (as defined in the Backstop Commitment Agreement), and its Related Persons shall neither have nor…

Privately-held Gander Mountain Company and Overton’s filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Minnesota, lead case number 17-30673. The Company, which operates a retail network of outdoor specialty stores, is represented by Clinton E. Cutler of Fredrikson & Byron. The Company announced that the filing was initiated “to…

Ultra Petroleum filed with the U.S. Bankruptcy Court a stipulation regarding reserve for disputed Opco funded debt claims and resolution of an objection to the Debtors’ Second Amended Joint Chapter 11 Plan of Reorganization. According to the stipulation, “Without limiting the amounts due on the Effective Date pursuant to paragraph 16 hereof, on the Effective…

Bonanza Creek Energy’s ad hoc equity committee filed with the U.S. Bankruptcy Court a redacted objection to the Company’s Amended Chapter 11 Plan. The objection explains, “The Prepackaged Plan is not confirmable because it violates the absolute priority rule, as part of a brazen attempt by the Supporting Noteholders and Debtors’ conflicted management to abscond…

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