April 13, 2020 – The Debtor requested Court authority to (i) access $3.5mn of debtor-in-possession (“DIP”) financing ($750k on an interim basis) to be provided by prepetition lender Vince McMahon (interest rate 4.25%), and (ii) use cash collateral [Docket No. 7]. The balance of the $3.5mn DIP financing, which does not appear to include a…
April 13, 2020 – The Court hearing the Murray Metallurgical Coal Holdings case issued an order approving (i) proposed bidding procedures for sale (the “Sale”) of Murray Oak Grove Coal, LLC (“Oak Grove Assets”), including bidder protections, and (ii) an auction/sale timetable, culminating in an April 29th auction and a May 7th sale hearing [Docket…
[Developing story] April 13, 2020 – True Religion Apparel, Inc. and four affiliated Debtors (“True Religion” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 20-10941. The Debtors, an American clothing manufacturer with a focus on premium denim, are represented by Justin R….
April 13, 2020 – LSC Communications, Inc.and one affiliated Debtors (formerly R.R. Donnelley & Sons, OTCQX: LKSD, “LSC” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of New York, lead case number 20-10343. The Debtors, a leading global print and digital publisher, are represented by Andrew…
April 12, 2020 – Pace Industries, LLC and ten affiliated Debtors (“Pace” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 20-10927. The Debtors, a leading North American full-service aluminum, zinc and magnesium die casting company, are represented by Robert S Brady of…
January 15, 2013 – Oak Point Partners, Inc. acquired the remnant assets of the Ames Department Stores, Inc., et al. Bankruptcy Estate in January 2013. On August 20, 2001, Ames Department Stores, Inc. and its related entities (“Ames Department Stores”) filed a chapter 11 petition in the United States Bankruptcy Court for the Southern District…
January 21, 2020 – Oak Point Partners, LLC acquires remnant assets of the Outboard Marine Corporation, et al., Substantively Consolidated Bankruptcy Estate (Outboard Marine) in January 2020. On December 22, 2000, Outboard Marine and its affiliates each filed a voluntary petition under chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for…
November 7, 2019 – Oak Point Partners acquired the remnant assets of the Forum Health Liquidating Trust (Forum Health) in November 2019. On March 16, 2009, Forum Health and its debtor affiliates each filed a voluntary petition under chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Northern District of…
October 7, 2019 – Oak Point Partners acquired the remnant assets of the Oldco M Distribution Trust of the Oldco M Corporation f/k/a Metaldyne Corporation, et al., Bankruptcy Estates (Oldco M) in October 2019. On May 27, 2009, Oldco M and its affiliates each filed a voluntary petition under chapter 11 of the Bankruptcy Code…
September 10, 2019 – Oak Point Partners acquired the remnant assets of the CWC Creditors’ Liquidating Trust of CWC Liquidation Inc. f/k/a Coldwater Creek Inc., et al., Bankruptcy Estates (Coldwater Creek) in September 2019. On April 11, 2014, Coldwater Creek and its affiliates each filed a voluntary petition under chapter 11 of the Bankruptcy Code…
