Strike, LLC – Creditors’ Committee Objects to Proposed DIP Facility, Cites “Gamesmanship” and Undue Influence of Multi-Hatted DIP Lender American Industrial Partners, Ltd.; Takes Particular Offence with Outsized Roll-Up of AIP’s Prepetition Debt
December 29, 2021 – The Debtors' Official Committee of Unsecured Creditors (the “Committee”) has objected to the Debtors’ proposed debtor-in-possession ("DIP") financing facility, arguing that the Debtors, at the behest of the "many-hatted" DIP lender (American Industrial Partners, Ltd. or "AIP," also a prepetition lender and the Debtors' stalking horse ), are requesting financing arrangements…