Monrovia Nursery Company filed with the U.S. Bankruptcy Court an objection to Color Spot Nurseries’ (a) Sale Motion (Docket No. 64) and (b) notice of possible assumption and assignment of executory contracts and unexpired leases (Docket No. 141). Monrovia Nursery Company’s objection asserts, “Monrovia is a party to that certain License Agreement with Debtor Color…

GenOn Energy filed with the U.S. Bankruptcy Court a notice detailing the amendment and extension of its letter of credit facility (“the Citi LC Facility”). The amendment notes, “The Court entered the Final Order (I) Authorizing the Debtors’ Continued Performance Under Intercompany Arrangements, (II) Authorizing the Debtors to Continue Ordinary Course Operations and Related Financing,…

Claire’s Stores filed with the U.S. Bankruptcy Court a First Amended Joint Plan of Reorganization and a related Disclosure Statement. According to the Disclosure Statement, “On July 7, 2018, the Debtors and the Consenting Creditors agreed to amend the Restructuring Support Agreement and executed the First Amended Restructuring Support Agreement…As amended, the Restructuring Support Agreement,…

Patriot National, Inc. (“PNI”), a provider of technology and outsourcing solutions to the insurance industry, announced its emergence from Chapter 11 as anticipated in its Plan of Reorganization confirmed on May 4, 2018. According to documents filed with the Court, “Pursuant to the Plan, all of the issued and outstanding equity interests in PNI and…

Harvey Gulf International Marine’s (“HGIM”) Joint Prepackaged Chapter 11 Plan, confirmed on May 23, 2018, was declared effective and the Company has emerged from Chapter 11. Court documents note, “Substantially and concurrently with the effective date of the Prepackaged Plan and pursuant to the Prepackaged Plan, in exchange for the release and discharge of the…

Seadrill Limited announced its emergence from Chapter 11 after completing its reorganization pursuant to its Chapter 11 Plan of Reorganization. According to a press release, “The Plan has equitized approximately $2.4 billion in unsecured bond obligations, more than $1 billion in contingent newbuild obligations, substantial unliquidated guaranty obligations, and $250 million in unsecured interest rate…

Page 2 of 3123