SiO2 Medical Products, Inc. – Debtors File Bidding Procedures in Continued Hope That They Can Find Buyer Willing to Make Prepetition and DIP Lenders (Namely Oaktree) Whole with Minimum $349mn Cash Bid
March 29, 2023 – Further to the terms of a Restucturing Support Agreement (the "RSA"), which requires the Debtors to continue to market their assets in the hopes of securing cash consideration in excess of the Debtors' $349.1mn of prepetition and DIP debt (although see below as to encouragement of "lower preliminary bids"), the Debtors…