October 28, 2020 – The Court hearing the Vista Proppants and Logistics cases issued an order confirming the Debtors’ Fourth Amended Joint Chapter 11 Plan of Reorganization [Docket No. 717].  The Plan as approved includes several modifications from the version filed on October 26th; these modifications to settle outstanding objections with individual stakeholders and to…

October 28, 2020 – Henry Ford Village, Inc. (“Henry Ford Village” or the “Debtor”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Eastern District of Michigan, case number 20-51066. The Debtor, a Dearborn, Michigan, operator of premier senior living communities, is represented by Danielle Nicole Rushing of Dykema Gossett PLLC. Further…

October 26, 2020 – The Court hearing the Chesapeake Energy Corporation case has extended the periods during which the Debtors have an exclusive right to file a Plan and solicit acceptances thereof, through and including January 25, 2021 and March 25, 2021, respectively [Docket No. 1531]. Absent the relief, the Plan filing and solicitation periods…

October 26, 2020 – The Debtor requested Court authority to (i) access $8.0mn of debtor-in-possession (“DIP”) financing ($4.5mn on an interim basis) to be provided by Golub Capital Markets LLC (fka, GCI Capital Markets LLC, "Golub") and (ii) use cash collateral [Docket No. 12]. The DIP motion notes, “The Debtors commenced these Chapter 11 Cases…

October 26, 2020 – The Debtors filed a Plan of Reorganization and a related Disclosure Statement [Docket Nos. 62 and 63, respectively]; and further filed a motion requesting Court approval of (i) the Disclosure Statement, (ii) proposed Plan solicitation and voting procedures and (iii) a proposed schedule culminating in December 14, 2020 Plan confirmation hearing…

October 27, 2020 – The Court hearing the Studio Movie Grill Holdings cases issued an interim order authorizing the Debtors’ to access $7.0mn of new money, debtor-in-possession (“DIP”) financing, (ii) roll-up $16.2mn of prepetition debt and (iii) use cash collateral [Docket No. 52]. The current tranche of interim DIP  financing is part of a $22.8mn…

October 27, 2020 – The Debtor requested Court authority to authorize (i) access to $10.0mn of new money, debtor-in-possession (“DIP”) financing (including up to $4.0mn on an interim basis) and (ii) use of cash collateral [Docket No. 11]. The DIP financing is being provided by Alter Domus in two tranches: (i) an $8.0mn Tranche A…