SunEdison filed with the U.S. Bankruptcy Court a motion for order authorizing Debtors (a) to obtain replacement post-petition financing pursuant to Bankruptcy code (b) to utilize cash collateral and (c) to repay existing post-petition financing. The motion explains, “To bridge the gap period between the Debtors’ projected timeline for confirmation of their proposed Plan and…

Ultra Petroleum announced that its proposed senior secured first lien RBL term loan has been increased from $600 million to $800 million. The Company’s proposed borrowing base has also been increased from $1.0 billion to $1.2 billion. The facility is being raised in connection with Ultra Petroleum’s anticipated emergence from Chapter 11 protection. The Company…

Novation Companies filed with the U.S. Bankruptcy Court a First Amended Joint Chapter 11 Plan of Reorganization. Documents filed with the Court explain, “On the Effective Date or as soon as reasonably practicable thereafter, the Reorganized Plan Debtors shall be authorized to consummate and close the transactions contemplated by that certain Stock Purchase Agreement by…

Privately-held Payless (f/k/a Collective Brands) and 28 affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Eastern District of Missouri, lead case number 17-42257 (Payless ShoeSource). The Company, which retails footwear, is represented by Steven N. Cousins of Armstrong Teasdale. The Company announced that it initiated this filing to facilitate…

The U.S. Bankruptcy Court approved Erickson’s motion for an agreed order regarding the second stipulation for adequate protection filed by the Debtors and the United States of America. As previously reported, “Pursuant to the First Adequate Protection Order, the Debtors received $516,820.82 for prepetition services that the Debtors provided to the Military Sealift Command’s Vertical…

Malayan Banking Berhad (Hong Kong Branch), CooperatieveRabobank, DBS BANK (Hong Kong), Standard Chartered Bank (Hong Kong) and Bank of America filed with the U.S. Bankruptcy Court separate objections to China Fishery Group’s motion to retain Weil, Gotshal & Manges as attorney. Malayan Banking Berhad asserts, “After months of little to no progress in these Cases,…

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