January 13, 2019 (update) – In a letter dated January 9, 2019 addressed to Lazard Frères & Co. and filed with the SEC, ESL Investments, Inc. (“ESL”) submitted a revised bid (the “Revised Proposal”) detailing the terms upon which its subsidiary Transform Holdco LLC would proceed with a bid at an auction scheduled for January…

January 10, 2019  – Sumitomo Mitsui Banking Corporation, Brussels Branch, in its capacity as the administrative agent (“Sumitomo” or ths“WAC12 Administrative Agent”) under the WAC12 Credit Facility dated as of August 2, 2017, filed an objection [Docket No. 239] to the Debtors’ retention of Houlihan Lokey Capital, Inc. (“Houlihan”) as the Debtors’ investment banker, arguing…

January 10, 2019 – SunTrust Bank, as administrative agent (“WAC 7 Administrative Agent”) in respect of the Debtors’ Amended and Restated Credit Agreement dated as of April 28, 2017 (the “WAC7 Credit Agreement”) requested additional time to submit a credit bid and to extend related deadlines under the Debtors’ bidding procedures the “Bidding Procedures Order”)…

January 10, 2019 – In a letter dated January 9, 2019 addressed to Lazard Frères & Co. and filed with the SEC, ESL Investments, Inc. (“ESL”) submitted a revised bid (the “Revised Proposal”) detailing the terms upon which its subsidiary Transform Holdco LLC would proceed with a bid at an auction scheduled for January 16,…

January 10, 2019 –  In a letter dated January 9, 2019 and addressed to Lazard Frères & Co. and filed with the SEC, ESL Investments, Inc. (“ESL”) submitted a revised bid (the “Revised Bid”) detailing the terms upon which it would proceed with a bid at an auction now scheduled for January 16, 2109. ESL…

January 9, 2019 – U.S. Bank National Association (“USBNA”) objected [Docket No. 291] to the adequacy of the Debtors’ Disclosure Statement [Docket No. 45] citing numerous informational deficiencies. [Please see also a separate summary of the objection [Docket No. 293] filed by the Ad Hoc Group of Noteholders (the “Noteholder Group”) as to the adequacy…

January 9, 2019 – ActiveCare filed a combined Chapter 11 Plan and Disclosure Statement [Docket No. 261] and requested interim Court approval of the adequacy of the combined document [Docket No. 262].   The combined document states, “The Combined Plan and Disclosure Statement is a liquidating chapter 11 plan. The Combined Plan and Disclosure Statement…