November 27, 2018 – The Debtors’ Official Committee of Unsecured Creditors (the “Committee”) objected [Docket No. 193] to the Debtors’ use of cash collateral. The objection asserts, “The Debtors seek authority to use the purported cash collateral of the Prepetition Secured Parties to continue refining and selling raw materials to maximize value in a manner…

November 27, 2018 – Elements Behavioral Health filed an Amended Chapter 11 Combined Plan and Disclosure Statement [Docket No. 589]. The Plan explains, “The Combined Plan and Disclosure Statement is a liquidating Chapter 11 Plan. The Combined Plan and Disclosure Statement provides that upon the Effective Date: (i) Creditor Trust Assets will be transferred to…

November 27, 2018 – The Debtors’ Official Committee of Unsecured Creditors (the “Committee”) objected to the Debtors’ motion to obtain final debtor-in-possession (“DIP”) financing. The objection states, “The DIP Facility has been partially drawn to bridge the Debtors’ liquidity in the immediate post-petition aftermath to project completion with respect to only the Columbia Gas Project….

November 27, 2018 – The court hearing the LBI Media case approved the Debtors’ request for interim debtor-in-possession (“DIP”) financing [Docket No. 86].  As previously reported in respect of the Debtors’ motion [Docket No. 12], “The Debtors seek authorization to obtain DIP Financing under a multiple-draw super-priority senior secured term loan facility in an aggregate…

November 27, 2018 – The Debtors’ Official Committee of Unsecured Creditors (“the Committee”) filed an objection [Docket No. 112] to the approval of the Debtors’s sale motion [Docket No. 59]. The objection states, “The Debtors seek approval of overly aggressive, off-market bid procedures and bid protection designed to ensure the sale of substantially all of…

November 27, 2018 – RMH Franchise Holdings requested Court authority to (i) enter into a stalking horse asset purchase agreement (the “Stalking Horse APA”) with ACON Equity Partners III, LP (“ACON” or the “Stalking Horse Bidder”) in relation to the Debtors’ sale of its interests in approximately 135 Applebee’s restaurant locations (the “Purchased Assets”) for…

November 26, 2018 – EXCO Resources filed with the Court a supplement to its Amended Plan Supplement [Docket No. 1315]. The supplement contains the following documents:  Exhibit A – Form of New Organizational Documents  Exhibit B – Schedule of Assumed Executory Contracts and Unexpired Leases  Exhibit C – Schedule of Rejected Executory Contracts and Unexpired…

November 20, 2018 – AG&E Holdings filed a Second Amended Chapter 11 Plan and related Disclosure Statement [Docket Nos. 75 and 76]. The Disclosure Statement was subsequently approved by the Court [Docket No. 81].    The following is a summary of classes, claims, voting rights and expected recoveries:   Class 1 (“Priority Claims”) is unimpaired,…

November 25, 2018 – Sears Holdings requested Court authority for a $350 million, multiple draw, junior debtor-in-possession (“DIP”) term loan (the “Junior DIP Financing”) [Docket No. 872]. The Debtors’ motion states, “The Junior DIP Financing, together with the DIP ABL Financing, provides a strong and clear message to the Debtors’ vendors, customers, and employees, as…