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…

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…