The U.S. Bankruptcy Court issued a final order authorizing and approving COPSync’s senior secured super-priority post-petition financing; (ii) granting liens and super-priority administrative expense status and (iii) modifying the automatic stay. The order states, “Debtor is authorized to enter into a new money revolving loan under a secured superpriority priming senior credit facility (the ‘DIP…

Unilife filed with the U.S. Bankruptcy Court a compromise motion for approval of the settlement of certain claims with present and former officers and directors and certain plaintiffs and their counsel. The agreement notes, “The settlement agreement includes the following principal terms: no later than 10 business days after the effective date, the Individual defendants…

The U.S. Bankruptcy Court granted final approval to Appvion’s motion to approve a compromise and for entry of an order approving a stipulation with KeyBank National Association to obtain post-petition unsecured credit. As previously reported, “The stipulation with KeyBank is to obtain postpetition unsecured credit on a revolving basis in an amount not to exceed…

True Religion Apparel’s Second Amended Joint Chapter 11 Plan of Reorganization became effective, and the Company emerged from Chapter 11 protection. C.E.O. John Ermatinger comments, “With substantial debt burden removed, we are eager to turn our full attention to implementing our forward-thinking strategy, including improving our retail operations, new partnerships and growing the brand’s digital…

Ezra Holdings filed with the U.S. Bankruptcy Court a motion for entry of an order authorizing implementation of an employee incentive plan and payment of obligations arising thereunder as administrative expenses. The motion explains, “EMITS is the global information technology (‘IT’) organization and IT shared service provider serving Ezra Holdings Limited (‘Ezra’) and its related…

SunEdison filed with the U.S. Bankruptcy Court a second motion for entry of an order subordinating and reclassifying claims based on the purchase or sale of securities of the Debtors or their affiliates. The motion explains, “Consistent with section 510(b) of the Bankruptcy Code and the express terms of the Debtors’ confirmed Plan…the 510(b) Claims…

Appvion’s official committee of unsecured creditors filed with the U.S. Bankruptcy Court an objection to the Company’s D.I.P. financing motion. The committee asserts, “After the payment of the interest and fees required by the DIP Facility and the above repayments, the Debtors will have access to only $28.7 million of new money under DIP Facility…

The U.S. Bankruptcy Court issued an order approving the Disclosure Statement and concurrently confirming General Wireless Operations’ (GWOI) Modified First Amended Joint Plan of Reorganization. According to documents filed with the Court, “Under the Plan, Debtor GWOI will emerge as a Reorganized Debtor, and will be vested with substantially all of the remaining property of…

Page 29 of 432« First...1020...2728293031...405060...Last »