Avaya filed with the U.S. Bankruptcy Court a First Amended Joint Chapter 11 Plan of Reorganization and related Disclosure Statement. According to the Disclosure Statement, “The Plan provides for the issuance of the New Secured Debt, with an aggregate principal amount of not less than $2,925 million (inclusive of any original issue discount) (the ‘Syndication…

BankruptcyData’s detailed analysis and summary of SunEdison’s First Amended Joint Plan of Reorganization [Revised], dated June 12, 2017, is now available. The U.S. Bankruptcy Court confirmed the Plan on July 28, 2017; however, an effective date has not yet been issued. BankruptcyData notes, “Under the Plan: Second Lien Claims will receive its pro rata portion…

Nuverra Environmental Solutions’ Amended Prepackaged Plans of Reorganization became effective, and the Company emerged from Chapter 11 protection. The U.S. Bankruptcy Court confirmed the Plan on July 25, 2017. BankruptcyData’s detailed Plan Summary notes, “The Debtors believe that the Plan reflects an appropriate resolution of all Claims against and Equity Interests in the Debtors, and…

Unilife filed with the U.S. Bankruptcy Court a motion for an order approving the private sale of certain real property located in York, PA, free and clear of all liens, claims, rights and encumbrances and release of rights in restricted account. The buyer is First National Bank of Pennsylvania. The motion explains, “The sale of…

Ciber filed with the U.S. Bankruptcy Court a motion to extend by 90 days the exclusive period during which the Company can file a Chapter 11 plan and solicit acceptances thereof through and including November 6, 2017 and January 5, 2018, respectively. The motion explains, “As the Court is aware, the Debtors consummated a Sale…

The U.S. Bankruptcy Court approved Adeptus Health’s motion to sell property free and clear of liens, under Section 363(f). As previously reported, “OpFree RE Investments, one of the Debtors, is the owner of certain real property located near Orion Place in the city of Columbus, Ohio, known as Permanent Parcel Numbers 318-442-02-026-003, consisting of approximately…

Caesars Entertainment Corporation (CEC) announced second quarter of 2017 results. Net revenues for CEC increased 1.0% year-over-year to $1.0 billion, mainly due to higher volumes across most properties, strong hotel performance in Las Vegas and incremental revenues from operational initiatives. Net loss for CEC, before including the effect of non-controlling interest, was $1.4 billion, reflecting…

Midway Gold filed with the U.S. Bankruptcy Court a motion to approve (i) a settlement agreement between Debtors and Dan F. Halstead and Son Trucking and (ii) to disburse funds. The settlement notes, “The Settlement Agreement is reasonable, in the best interest of the estates under the Kaiser Steel test and was negotiated at arms-length…

Page 4 of 378« First...23456...102030...Last »