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[Just filed. Developing Story.] March 3, 2021 – Alamo Drafthouse Cinemas Holdings, LLC and 33 affiliated Debtors (“Alamo Drafthouse” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 21-10474. The Debtors, an Austin, Texas-based "dine-in" cinema chain with 41 locations across the United…

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March 2, 2021 – The Court hearing the Knotel cases issued a final order authorizing the Debtors to (i) access a further $5.4mn of new money, debtor-in-possession (“DIP”) financing, (ii) roll up $5.4mn of prepetition loans (the “Final DIP Roll-Up Loans”) and (iii) continue using cash collateral [Docket No. 330]. The new money DIP financing,…

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March 1, 2021 – CMC II, LLC and five affiliated Debtors (dba Consulate Health Care, “CMC” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 21-10461. The Florida-based Debtors, with non-debtors, operators of 140 skilled nursing facilities across six states, are represented by…

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March 2, 2021 – The Court hearing the Hertz Corporation cases issued an order approving the sale of Debtor Donlen Corporation and its Debtor subsidiaries (collectively, “Donlen Corp.” or the “Donlen Assets”) to stalking horse bidder Freedom Acquirer LLC (the “Stalking Horse Bidder,” an affiliate of Apollo Insurance Solutions Group LLC (formerly Athene Asset Management…

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March 2, 2021 – Further to the agreement of Knighthead Capital Management, LLC and its affiliates ("Knighthead") and Certares Opportunities LLC and its affiliates ("Certares") to serve as Plan sponsors (emerging from a field of three serious contenders), the Debtors have filed a Plan of Reorganization and a related Disclosure Statement. The adequacy of the…

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March 1, 2021 – Paper Source, Inc and one affiliated debtor (“Paper Source” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Eastern District of Virginia, lead case number 21-30660. The Debtors, a Chicago-based "premier lifestyle brand and gift retailer," are represented by Christopher A. Jones of Whiteford, Taylor…

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March 1, 2021 – CMC II, LLC and five affiliated Debtors (dba Consulate Health Care, “CMC” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 21-10461. The Florida-based Debtors, with non-debtors, operators of 140 skilled nursing facilities across six states, are represented by…

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March 1, 2021 – MobiTV, Inc. and one affiliated debtor (“MobiTV” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 21-10457 (Judge not yet assigned). The Debtors, who provide end-to-end internet protocol streaming television services (“IPTV”), are represented by Mary Calloway of Pachulski…

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March 1, 2021 – Brazos Electric Power Cooperative, Inc. (“Brazos” or the “Debtor”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of Texas, case number 21-30725 (Judge Jones). The Debtor, the largest power generation and transmission cooperative in Texas (and sixth largest transmission provider overall), is represented by Jason…

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February 25, 2021 – The Debtors notified the Court that their Second Amended Chapter 11 Plan had become effective as of February 24, 2021 [Docket No. 1163]. The Court had previously confirmed the Debtors’ Plan, as modified on February 17, 2021 [Docket No. 1144]. On October 7, 2020, privately-held RTI Holding Company, LLC and 50…