July 21, 2016 – Oak Point Partners acquired the remnant assets of the Archway Cookies, LLC Bankruptcy Estate in July 2016. On October 6, 2008, Archway Cookies, LLC filed a voluntary chapter 11 petition in the United States Bankruptcy Court for the District of Delaware, assigned Case No. 08-12323. Thereafter, the case was converted to…

November 7, 2018 – An ad hoc group of the Debtors’ convertible noteholders (the “Ad Hoc Group”)  filed an objection [Docket No. 29] to the Debtors’ debtor-in-possession (“DIP”) financing motion [Docket No. 17]. The Ad Hoc Group explains, “By the Motion, the Debtors seek approval of Mercuria’s onerous insider debtor-in-possession financing facility (the ‘Mercuria DIP…

November 6, 2018 – Aegean Marine Petroleum Network and 74 affiliated Debtors (“Aegean Marine” or the “Company”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of New York, lead case number 18-13374 [Docket No.1]. The Company, an international marine fuel logistics company and a leading independent physical supplier of…

November 6, 2018 – Aegean Marine Petroleum Network requested Court approval for proposed debtor-in-possession (“DIP”) financing [Docket No. 17] to be provided by Mercuria Energy Group Limited (together with its affiliates, ‘Mercuria’). The DIP financing motion explains, “The Debtors commenced these chapter 11 cases to stabilize business operations, address near-term debt maturities, and facilitate a…

November 6, 2018 – The Debtors’ Official Committee of Unsecured Creditors filed an objection [Docket No. 259] to Aralez Pharmaceuticals’ US KEIP motion [Docket No. 152]. The Committee asserts, “The Committee recognizes that, as a general matter, incentive and retention plans that meet applicable statutory requirements and are well-designed to achieve value-accretive objectives are appropriate….

November 5, 2018 – PGHC Holdings and 8 affiliated Debtors (“PGHC” or the “Company”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 18-12537 [Docket No. 1]. The Company, a leading local quick-service pizza restaurant chain in New England operating under the Papa Gino’s and D’Angelo…

November 2, 2018 – Republic Metals Corporation (“RMC” or the “Company”) and two affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of New York, lead case number 18-3359 [Docket No. 1]. The Company, a refiner of precious metals with a primary focus on gold and silver, is…

November 2, 2018 – The Court hearing the Pacific Drilling case confirmed the Debtors’ Fourth Amended Joint Plan of Reorganization [Docket No. 746].  The following is a summary of classes, claims, voting rights and expected recoveries:  Classes 1A – 1E (“Secured Tax Claims”) are unimpaired, are deemed to accept and are not entitled to vote…

November 2, 2018 – Dixie Electric filed a motion for interim and final orders authorizing the Debtors (a) to obtain debtor-in-possession (“DIP”) financing from DIP lenders Contrarian Capital Management, ING Capital, Mudrick Capital Management, Bank of America, ParFour Investment Management, and Partners Group Private Markets Credit Strategies S.A., and Wilmington Trust as administrative agent and…