December 16, 2020 – In anticipation of a December 18th Plan confirmation hearing, the Debtors filed a Second Amended Plan and a related blackline showing changes to the version filed on November 6, 2020. [Docket No. 1434]. The Debtors have also filed (i) a memorandum of law in support of the Plan confirmation (the "Memorandum")…

December 17, 2020 – The Court hearing the Furniture Factory Ultimate Holding cases issued an order (i) approving the Debtors' asset purchase agreement (the “APA”) with American Freight FFO, LLC (the “Purchaser,” an affiliate of Franchise Group, Inc.; NASDAQ: FRG) and (ii) the sale of substantially all of the Debtors' assets to the Purchaser for…

On December 17, 2020, S&P Global Ratings affirmed its CCC+ issuer credit rating on CPI Card Group Inc. The outlook revision reflects the Company's strong operating performance in 2020, which improved its cash flow generation and leverage metrics, according to the ratings agency. The Company's cash flow and liquidity also improved materially, generating about $7…

December 17, 2020 – In anticipation of their December 21st Plan confirmation hearing (delayed from December 18th), the Debtors have filed (i) their memorandum of law in support of Plan confirmation (the “Memorandum”) [Docket No. 1459] and (ii) Plan voting results [Docket No. 1462]. Plan Overview The Memorandum [Docket No. 1459] states, “The Debtors commenced…

December 5, 2020 –The Debtors filed a Plan Supplement which attached, inter alia, documentation relating to the Debtors' proposed $200.0mn exit facility [Docket No. 1301]. The “Exit Facility Agreement” is attached to the Plan Supplement at Exhibit B. Terms of Exit Facility Credit Agreement: Borrower: 24 Hour Fitness Worldwide, Inc. Administrative and Collateral Agent: Wilmington…