January 16, 2019 – The Debtors requested Court approval of proposed bidding procedures for the sale of its remaining pharmacy assets (“Pharmacy Assets”) [Docket No. 27]. The Debtors motion also attached a form of asset purchase agreement that it would expect prospective bidders to execute in the event that a bid was chosen as the…

January 17, 2019 – Gymboree Group and 10 affiliated Debtors (“Gymboree” or the “Company”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Eastern District of Virginia, lead case number 19-30258. The Company, a portfolio of children’s brands operating 380 specialty retail stores with clothing and accessories for children in the U.S….

January 16, 2019 – Specialty Retail Shops Holding Corp. (“Shopko” or “the Company”) and 13 affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Nebraska, lead case number 19-80064. The Company, the parent of Shopko, a leading operator of general merchandise stores throughout the Central, Western and Pacific…

January 15, 2019 – The Court hearing the Aegean Marine Petroleum case issued an order [Docket No. 291] authorizing the restructuring support agreement entered into amongst Mercuria Energy Group Limited (“Mercuria”), the Debtors’ Official Committee of Unsecured Creditors, American Express Travel Related Services Company, and certain holders of the Company’s unsecured convertible notes. (the “RSA”)…

January 15, 2019 – The Court hearing the Aegean Marine Petroleum case issued a final order authorizing the Debtors to obtain $535mn in debtor-in-possession (“DIP”) financing comprised of (i) a $160mn revolving credit facility, (ii) $75mn in DIP term loans (effectively limited to $72.5mn) and (iii) a $300mn global revolving credit facility; each to be…

January 14, 2019 – Promise Healthcare Group notified the Court [Docket No. 478] that pursuant to Court approved bidding procedures [Docket No. 257] it had (i) cancelled a January 17, 2019 auction for substantially all of the Debtors’ Silver Lake Medical Center assets because it did not receive any qualified bids prior to the January…

January 14, 2019 – PetroQuest Energy filed its First Amended Chapter 11 Plan, as Immaterially Modified as of January 14, 2019 [Docket No. 375] and a related redline [Docket Nos. 375 and 376] reflecting changes to a version filed on December 20, 2018 [Docket No. 291].   Although “immaterially” modified” the amended Plan does include…

January 14, 2019 – The Court hearing the Egalet Corporation case issued an order confirming the Debtors’ First Amended Chapter 11 Plan of Reorganization [Docket No. 242]. On October 31, 2018, the Debtors, a specialty pharmaceutical company focused on developing, manufacturing and commercializing “abuse-deterrent” treatments for pain, filed for Chapter 11 protection with the U.S….

January 11, 2019 – The Debtors filed a Plan Supplement in respect of their First Amended Plan of Reorganization [Docket No. 366]. The filing draws particular attention to Exhibit L: Notice Regarding Settlement Negotiations with the Creditors’ Committee.    The Plan Supplement attaches the following documents: Exhibit A: Form of New Organizational Documents (Amended and…