Northwest Senior Housing Corporation – Trustee and Plan Sponsor UMB Bank Seeks Approval of Bidding Procedures and Stalking Horse Arrangements with Bay 9 Holdings LLC (an Affiliate of Lapis Advisors, $48.5mn Cash Bid); Aims for January 10th Sale Hearing
November 2, 2022 – Trustee and Plan Sponsor UMB Bank, N.A. ("UMB") * filed a bidding procedures motion requesting (i) approval of bidding procedures in relation to the sale of substantially all of the Debtors’ assets, (ii) authority to enter into stalking horse arrangements with Bay 9 Holdings LLC or its designee (the “Stalking Horse Bidder,”…