Pareteum Corporation announced that the Company notified the Hearings Panel of The Nasdaq Stock Market LLC that it would not be able to file its Quarterly Report on Form 10-Q for the period ended September 30, 2019, its amended Annual Report on Form 10-K/A for the year ended December 31, 2018, its Annual Report on…
November 10, 2020 – The Court hearing the Oasis Petroleum cases issued an order confirming the Debtors' Prepackaged Chapter 11 Plan of Reorganization [Docket No. 317]. NB: A corrected Plan confirmation order was issued at Docket No. 335 and reflects changes submitted by the Debtors on November 10th [Docket No. 319, which attached a blackline]. The changes…
HighPoint Resources Corporation announced that on November 4, 2020, it received notice from the New York Stock Exchange (NYSE) that it is no longer in compliance with the NYSE continued listing standards set forth in Section 802.01B of the NYSE’s Listed Company Manual due to the fact that the Company’s average global market capitalization over…
On November 10, 2020, AMC Entertainment Holdings, Inc. entered into an equity distribution agreement with Goldman Sachs & Co. LLC and B. Riley Securities, Inc., as sales agents, to sell up to 20,000,000 shares of Class A common stock, par value $0.01 per share, of the Company from time to time, through an “at-the-market” offering…
Revlon Consumer Products Corporation has tapped Alvarez & Marsal to pave the way for a potential bankruptcy filing in case bondholders reject the Company’s restructuring offer, according to people familiar with the matter, WSJ reports. Some bondholders remained undecided Tuesday on whether to accept a restructuring proposal that would help Revlon avoid bankruptcy, some of…
November 9, 2020 – In a two page order without comment, the Court hearing the Suitable Technologies case has extended (for a second time) the periods during which the Debtors have an exclusive right to file a Plan and solicit acceptances thereof, through and including January 21, 2021 and March 22, 2021, respectively [Docket No….
November 9, 2020 – The Court hearing the Congoleum 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 March 10, 2021 and May 8, 2021, respectively [Docket No. 445]. Absent the relief, the Plan filing and solicitation periods are…
November 9, 2020 – In anticipation of a scheduled November 10th Plan confirmation hearing, the Debtors have filed (i) an amended Prepackaged Chapter 11 Plan of Reorganization (attaching a redline showing technical modifications to the solicitation version filed on September 29, 2020) [Docket No. 279], (ii) a memorandum of law in support of Plan confirmation…
November 9, 2020 – The Debtors requested Court authority to (i) access $31.8mn of debtor-in-possession (“DIP”) financing and (ii) limited use of cash collateral [Docket No. 10]. The DIP financing, which is to be provided by certain prepetition lenders who will also be serving as a credit bidding stalking horse, consists of (a) $10.6mn of…
November 9, 2020 – The Debtors filed a motion requesting each of a bidding procedures order and a sale order [Docket No. 17]. The bidding procedures order would (i) approve bidding procedures for the sale of substantially all of the Debtors' assets (the “Sale”) and (ii) authorize the Debtors to enter into a stalking horse…
