March 2, 2023 – In what is a third shift in proposed debtor-in-possession ("DIP") financing arrangements in under three weeks, the clearly rudderless* Debtors are looking for Court authority to ditch Court-approved DIP financing being provided by Invictus Global Management, LLC ("Invictus") in favor of financing provided by the 1903P Loan Agent (defined below), a…

March 1, 2023 – The Court hearing the Compute NewAge cases issued an order confirming the Debtors’ Third Amended Combined Plan of Liquidation and Disclosure Statement [Docket No. 527]. Case Evolution On August 30, 2022, NewAge, Inc. and three affiliated Debtors (Nasdaq: NBEV; “NewAge” or the “Debtors”) filed for Chapter 11 protection noting estimated assets…

February 27, 2023 – The Debtors' Official Committee of Unsecured Creditors (the “Committee”) filed an omnibus objection which takes issue with: (i) the Debtors' debtor-in-possession ("DIP") financing arrangements, (ii) proposed bidding procedures and (iii) the adequacy of the Debtors' Disclosure Statement [Docket No. 145]. UPDATE: On March 1st, the Court hearing the Nielsen & Bainbridge…