August 16, 2018 – Claire’s Stores’ Ad Hoc First Lien Group filed an objection [Docket No. 786] to Oaktree Capital Management’s (“Oaktree”) July 19, 2018 motion seeking court authority to prosecute and settle claims on behalf of certain Debtors [Docket No. 649]. The objection asserts, “On September 17, the Debtors will ask this Court to…

August 16, 2018 – Claire’s Stores filed an objection [Docket No. 784] to Oaktree Capital Management’s (“Oaktree”) July 19, 2018 motion seeking court authority to prosecute and settle claims on behalf of certain Debtors [Docket No. 649]. Oaktree’s motion argued that the Debtors’ 2016 debt exchange, pushed by Apollo Management Holding, L.P. (“Apollo,” described by…

August 15, 2018 – RM Holdco has requested Court authority to honor obligations under (i) a prepetition, non-insider Key Employee Incentive Plan (the “KEIP”), and to further extend the KEIP to certain insiders, and (ii) a prepetition, non-insider Key Employee Retention Plan (the “KERP”) [Docket No. 85]. The motion explains, “The KERP has nineteen (19)…

August 14, 2018 – Cenveo requested authority to enter into commitment letters, and related fee letters, pertaining to the provision of exit financing, notably (i) for a fully underwritten $175 million commitment for a senior secured asset-based revolving credit facility (the “Exit ABL Facility”) and (ii) for a fully committed $236 million commitment for a…