October 31, 2018 – Egalet Corporation and two affiliated Debtors (together, “Egalet” or the “Company”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 18-12439 [Docket No. 1]. Egalet, a specialty pharmaceutical company focused on developing, manufacturing and commercializing “abuse-deterrent” treatments for pain, is represented by…

October 29, 2018 – Nine West Holdings filed a Revised Disclosure Statement [Docket No. 783] for its First Amended Joint Plan of Reorganization. The filing includes a blackline noting cumulative changes from the version of the Plan filed on October 17, 2018 [Docket No. 750]. Important changes include extensive new disclosure on (i) the “UCC…

October 29, 2018 – Dine Brands Global, Inc. and its subsidiaries, Applebee’s Restaurants LLC and Applebee’s Franchisor LLC (collectively, “Applebee’s”) filed an objection [Docket No. 693] to RMH Franchise Holdings’ First Amended Joint Chapter 11 Plan of Reorganization [Docket No. 618]. Applebee asserts, “The Debtors comprise the second largest franchisee in the nation-wide system of…

October 30, 2018 – Patriarch Partners XV, Octaluna, Octaluna II, and Octaluna III (collectively, the “Patriarch Secured Parties”) Patriarch Partners, Patriarch Partners VIII, and Patriarch Partners XIV, (together with the Patriarch Secured Parties, “Patriarch”), filed a redacted objection [Docket No. 503] to Zohar III’s Cash Collateral Motion.    Patriarch asserts, “On May 21, 2018, this…

October 29, 2018 – The Court hearing the Mattress Firm case authorized the Debtors (i) to agree and execute an exit commitment letter (the “Exit Commitment Letter”), (ii) to agree to a commitment fee (the “Commitment Fee”) that would be treated as a superpriority administrative expense and (iii) to file the Exit Commitment Letter under…

October 29, 2018 – The Court hearing the Mattress Firm case approved on a final basis the Debtors’ debtor-in-possession (“DIP”) financing [Docket No. 436] in respect of which Barclays Bank PLC is to serve as administrative agent and co-collateral agent (the “ABL DIP Agents”) and Citizens Bank is to serve as a co-collateral agent.   …

October 29, 2018 – RMH Franchise Holdings filed a Plan Supplement to its First Amended Joint Chapter 11 Plan of Reorganization [Docket No. 690]. The supplement contains the following documents: Exhibit 1 – Form Reorganized Debtors Constituent Documents Exhibit 2 – Form Management Incentive Stock Plan Exhibit 3 – Form Amended Credit Agreement  Exhibit 4…

October 26, 2018 – The Court hearing the Sears Holdings’ case approved on an interim basis the Debtors’ motion seeking approval of (i) procedures for store closing sales and (ii) the assumption of a liquidation consulting agreement with Abacus Advisors Group [Docket No. 337]. As previously reported [Docket No. 23], “The motion attaches a list…

October 26, 2018 – Yang Ming (America) & Yang Ming Marine Transport (together, “Yang Ming”) filed an objection [Docket No. 329] to the Debtors’ DIP Financing [Docket No. 7]. The objection asserts, “The Motion indicates that Bank of America as collateral agent (‘BofA’), is the first lien holder. Yang Ming submits that with respect to…