Stearns Holdings, LLC – Court Confirms Plan as Debtors Set to Emerge Minus $150mn in Debt and Under Consolidated Blackstone Control

October 24, 2019 – The Court hearing the Stearns Holding case confirmed the Debtors’ Amended Joint Chapter 11 Plan of Reorganization [Docket No. 432].  On July 9, 2019, Stearns Holdings, LLC and six affiliated Debtors (together, “Stearns” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the Southern District of…