October 17, 2018 – Nine West Holdings (“NWHI”) filed with the Court a First Amended Joint Plan of Reorganization [Docket No. 749] and related Disclosure Statement [Docket No.750].            Press Release In a press release announcing the filing, the Company stated, “The Plan is accompanied by an amended and restated Restructuring…

October 17, 2018 – Noble Group Limited (Noble or the “Company”) filed for Chapter 15 protection with the U.S. Bankruptcy Court in the Southern District of New York, lead case number 18-13133. [Docket No. 1] The Company, a London-based, global commodity traders incorporated in Bermuda, is represented by Marc Kieselstein of Kirkland & Ellis. In…

October 17, 2018 – The Court hearing the J & M Sales case (i) approved the results of an auction held by the Debtors on October 8, 2108 and (ii) authorized the Debtors’ asset purchase agreement with Pegasus Trucking, LLC (the “Buyer”) [Docket No. 670]. The order states, “On October 8, 2018, Debtors conducted the…

October 17, 2018 – The Court hearing the GenOn Energy case issued an order (i) scheduling a combined Disclosure Statement approval and Plan confirmation hearing, (ii) establishing a Plan and Disclosure Statement objection deadline, (iii) approving solicitation procedures, (iv) approving the form and manner of certain notices (noted below), (v) directing that a meeting of…

October 17, 2018 – Creditors UMB Bank, N.A., as master indenture trustee, and Wells Fargo Bank, National Association, as indenture trustee (together, the “Secured Parties) filed an objection [Docket No. 557] to Verity Health System of California’s sale motion. The Secured Parties state, “The Debtors are seeking relief on an incomplete record. The Debtors have…

October 17, 2018 – GreenTech Automotive (“GreenTech”) and WM Industries Co (“WMIC”) filed an amended bidding procedures motion [Docket No. 328]. The motion notes, “The Bid Procedures Motion included as an exhibit the form of Asset Purchase Agreement (the ‘Initial APA’) which the Debtors had negotiated with Shenzen Jin Hong Investment Management Co., Ltd., commonly…

October 16, 2018 – Mission Coal Company requested Court authority [Docket No. 34] to obtain postpetition, debtor-in-possession (“DIP”) financing consisting of a superpriority priming multiple-draw term loan credit facility in the aggregate amount of no less than $202,941,464, which includes, “(i) the aggregate principal amount of up to $56,000,000 in respect of new money term…

October 16, 2018 – The Court hearing the Sears Holdings case approved the Debtors’ interim request to (i) borrow pursuant to the terms of a senior secured superpriority priming non-amortizing debtor-in-possession (“DIP”) asset-based credit facility (the “DIP ABL Facility”), in an aggregate principal amount of up to $1,830,378,380 billion on the terms and conditions set…

October 16, 2018 – The Ad Hoc Group of Taj Noteholders filed an objection [Docket No. 5291] to the proposed sale of the Debtors’ Shared Services Business [Docket No. 5199]. The Noteholders assert, “The proposed sale of the Shared Services Business—through which Toys Delaware provides critical information technology and other back-office services to its current…