Orchids Paper Products Company – Seeks Approval of Bid Procedures and $175.0mn Credit Bid from Affiliate of Black Diamond Capital Management

April 1, 2019 – The Debtors filed a motion requesting each of a bidding procedures order (the “Bidding Procedures Order”) and a sales order (the “Sales Order”) [Docket No. 25].  The Bidding Procedures order would authorize (i) proposed bidding procedures, including bid protections, (ii) entry into an agreement with stalking horse bidder (the “Option Agreement…