PES Holdings, LLC – Unsecured Creditors Follow Creditors’ Committee Recommendation and Overwhelmingly Reject Plan, Face Cram Down at February 12th Confirmation Hearing

February 11, 2020 – The Debtors' claims agent notified the Court of Plan voting results [Docket No. 973]. The results reflect a common divergence in Plan support between secured and unsecured creditors; the degree of that divergence and the size of Class 5 ("General Unsecured Claims," between $1.35bn and $1.75bn in total estimated claims), however,…