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…

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…