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News Stories (168 Results) - Debtor in Possession

PES Energy Inc. and its subsidiaries (including its principal operating subsidiary, Philadelphia Energy Solutions Refining and Marketing LLC) (together, the “Company”) announced today that they had filed for bankruptcy protection under Chapter 11 of... Read Story
July 23, 2019, 08:40 AM


Monitronics International, Inc., the wholly owned subsidiary of Ascent Capital Group, Inc., announced that it has voluntarily initiated its previously announced planned financial restructuring under Chapter 11 of the U.S. Bankruptcy Code to... Read Story
July 02, 2019, 08:55 AM


Hexion Inc. announced that it has received final authorization from the U.S. Bankruptcy Court for the District of Delaware to access the full amount of its $700 million in committed debtor-in-possession (DIP) financing. The Company had previously... Read Story
May 02, 2019, 08:50 AM


Charlotte Russe Holdings Corporation together with its subsidiaries announced that the Company has voluntarily filed for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware on February 3, 2019.... Read Story
February 05, 2019, 07:32 AM


PG&E Corp., which is slated to file Chapter 11 on Jan. 29, announced that it entered into a commitment letter for debtor-in-possession financing with JPMorgan Chase Bank, N.A, Bank of America, N.A., Barclays Bank PLC and Citigroup Global Markets Inc.... Read Story
January 23, 2019, 07:33 AM


Shopko, a operator of general merchandise stores throughout the Central, Western and Pacific Northwest regions of the U.S., announced that it, along with its subsidiaries, has filed voluntary petitions for a court-supervised financial restructuring... Read Story
January 17, 2019, 07:51 AM


Kentucky-based Innovative Mattress Solutions (IMS), parent company of Sleep Outfitters, Mattress Warehouse, and Mattress King, commenced voluntarily restructuring under Chapter 11, citing "a transformative stage" in the company's 35-year... Read Story
January 14, 2019, 07:38 AM


Hooper Holmes, Inc. d/b/a Provant Health announced that it has entered into an asset purchase agreement with Summit Health, Inc., a subsidiary of Quest Diagnostics, a provider of diagnostic information services.Under the asset purchase agreement... Read Story
August 29, 2018, 08:00 AM


RM Holdco LLC and its subsidiaries, the operator of Chevys Fresh Mex, El Torito, and other full-service Mexican restaurant brands, announced that it has executed an Asset Purchase Agreement with an affiliate of Z Capital Group, LLC.  In order to... Read Story
August 06, 2018, 07:08 AM


Heritage Home Group LLC announced that it, its parent company HH Global II BV, and its related U.S. affiliates have filed petitions with the U.S. Bankruptcy Court for the District of Delaware in Wilmington to commence a restructuring process that... Read Story
July 31, 2018, 08:00 AM


Gibson Brands Inc. announced that the U.S. Bankruptcy Court has granted, on an interim basis, the Company's first-day motions, which were designed to ensure daily operations continue normally during the Company's pre-negotiated Chapter 11... Read Story
May 04, 2018, 08:01 AM


Amerisource Business Capital announced the closing and funding of a $2,000,000 debtor-in-possession senior revolving credit facility for a paperboard manufacturing company in New York.  The proceeds of the facility are being used for working capital... Read Story
April 30, 2018, 07:00 AM


The Walking Company Holdings, Inc., has announced that it has obtained critical stakeholder support for a comprehensive recapitalization of the Company. The Company’s controlling shareholders have committed to invest $10 million in new equity into... Read Story
March 20, 2018, 07:12 AM


Claire's Stores, Inc. announced that it is pursuing a financial restructuring in order to eliminate a substantial portion of debt from the Company's balance sheet and position Claire's for long-term success pursuant to a chapter 11 reorganization... Read Story
March 19, 2018, 08:00 AM


Bankrupt retailer Toys "R" Us is at risk of breaching a covenant of its debtor in possession loan following an unexpectedly slow holiday season, CNBC reports. Citing sources familiar with the matter, CNBC says the retailer still in compliance with... Read Story
February 26, 2018, 08:00 AM


The Bon-Ton Stores, Inc. announced that the company and its subsidiaries have filed voluntary petitions for a court-supervised financial restructuring under Chapter 11 of the United States Bankruptcy Code in the U.S. Bankruptcy Court for the District... Read Story
February 05, 2018, 07:30 AM


EXCO Resources, Inc., an oil and natural gas exploration firm, announced that in order to facilitate a restructuring of its balance sheet, the company and certain of its subsidiaries have filed voluntary petitions for a court-supervised... Read Story
January 16, 2018, 07:28 AM


Moody's Investors Service assigned ratings to four debtor-in-possession ("DIP") credit facilities of affiliated entities of Toys 'R' Us, Inc. Ratings are outlined below: Toys 'R' Us-Delaware, Inc. (DIP) $1.85 billion DIP ABL revolving credit... Read Story
November 20, 2017, 07:00 AM


Toys"R"Us, Inc. announced that the U.S. Bankruptcy Court for the Eastern District of Virginia entered a final order granting the company authority to access the full amount of its more than $3.0 billion in debtor-in-possession (DIP) financing. The... Read Story
October 26, 2017, 08:00 AM


The Puerto Rico Electric Power Authority (PREPA) Bondholder Group announced that its members have offered a debtor in possession (DIP) financing loan to the Puerto Rico Electric Power Authority (PREPA) to help address the urgent need for repairs to... Read Story
September 28, 2017, 07:00 AM


Toys“R”Us, Inc. announced that the company and certain of its U.S. subsidiaries and its Canadian subsidiary have voluntarily filed for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the Eastern District of Virginia in... Read Story
September 19, 2017, 07:35 AM


Ironclad Performance Wear Corporation, a provider of high-performance task-specific work gloves, announced that the company and its subsidiary filed voluntary petitions under Chapter 11 of the U. S. Bankruptcy Code in the U. S. Bankruptcy Court... Read Story
September 11, 2017, 07:17 AM


Perfumania Holdings, Inc., a U.S. specialty retailer and distributor of designer fragrances and related beauty products, announced that it has initiated a recapitalization to be facilitated through a pre-packaged Plan of Reorganization to reduce its... Read Story
August 28, 2017, 08:43 AM


Sears Canada Inc. and certain of its subsidiaries have been granted an order from the Ontario Superior Court of Justice under the Companies' Creditors Arrangement Act (CCAA).Among other things, the Initial Order provides for a stay of proceedings in... Read Story
June 23, 2017, 08:00 AM


A. M. Castle & Co., a global distributor of specialty metal and supply chain solutions, announced that it has executed commitment letters with PNC Bank, National Association for (1) a $125 million senior-secured, revolving credit facility that will... Read Story
June 06, 2017, 07:18 AM


Following a spate of store closures last month, teen specialty retailer rue21, Inc. announced it has filed a voluntary petition for reorganization under chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Western District of... Read Story
May 16, 2017, 07:31 AM


Adeptus Health Inc. announced that it has collaborated with Deerfield Management Company and certain of its other creditors on the terms of a comprehensive financial restructuring plan that is expected to significantly reduce the outstanding debt... Read Story
April 21, 2017, 07:00 AM


Retail footwear giant Payless ShoeSource filed a voluntary petition for reorganization pursuant to Chapter 11 of the U.S. Federal Bankruptcy Code on April 4.The company’s North American entities, as well as two foreign Hong Kong-based entities... Read Story
April 05, 2017, 07:14 AM


Westinghouse Electric Company, LLC, a U.S. company, and certain of its subsidiaries and affiliates, filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code. The Company is seeking to undertake a strategic restructuring as a result of... Read Story
March 29, 2017, 07:30 AM


hhgregg, Inc. announced that the company has taken action to restructure its balance sheet and better position itself for future success by filing voluntary petitions for reorganization under Chapter 11 of the United States Bankruptcy Code. The... Read Story
March 07, 2017, 07:15 AM


United Road Towing, Inc. announced that it has commenced a process to restructure its balance sheet and position the company for the future. To facilitate this restructuring, the Company, URT Holdings, Inc. and certain of their subsidiaries have... Read Story
February 17, 2017, 07:55 AM


Vanguard Natural Resources, LLC (VNR) (together with its wholly owned subsidiaries, collectively, "Vanguard" or the "Company") announced that the Company has voluntarily filed petitions for relief under chapter 11 of the U.S. Bankruptcy Code in the U... Read Story
February 02, 2017, 07:00 AM


Erickson Incorporated, a leading global provider of aviation services, today announced the commencement of a process to syndicate participation in a debtor-in-possession term loan facility (the “DIP Term Facility”) by eligible beneficial holders of... Read Story
December 09, 2016, 07:42 AM


Performance Sports Group Ltd., a leading developer and manufacturer of high performance sports equipment and apparel, announced that the United States Bankruptcy Court for the District of Delaware and the Ontario Superior Court of Justice (together... Read Story
December 01, 2016, 07:53 AM


Encina Business Credit, LLC (EBC) announced it has provided a $7.5 million asset-based revolving credit facility to a recreational products company based in the Midwestern U.S. The credit facility consists of a working capital revolver secured... Read Story
November 28, 2016, 08:08 AM


Leading global professional services firm Alvarez & Marsal (A&M) has expanded its North American Commercial Restructuring team with the addition of Mark Greenberg, who joins the firm’s Unsecured Creditors’ Committee practice as a Managing Director.... Read Story
November 18, 2016, 07:31 AM


Erickson Incorporated, a leading global provider of aviation services, announced the United States Bankruptcy Court for the Northern District of Texas has approved key first day motions related to its voluntary Chapter 11 restructuring. The motions... Read Story
November 11, 2016, 07:04 AM


Erickson Incorporated, a leading global provider of aviation services, announced today that it and certain of its subsidiaries filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy... Read Story
November 10, 2016, 07:48 AM


As part of its continuing leadership transition plan, Otterbourg P.C. has named Daniel Fiorillo head of the firm’s restructuring practice group as of January 1, 2017. Jonathan Helfat, who successfully led the group for more than 25 years, will be... Read Story
October 27, 2016, 07:40 AM


Garden Fresh Restaurant Corp. announced that it has reached an agreement with its lenders to restructure the company's debt. Under terms of the agreement, the company will significantly reduce debt obligations and improve its financial structure.To... Read Story
October 04, 2016, 06:51 AM


Cosi, Inc., the fast-casual restaurant company, today announced that it and its subsidiaries filed voluntary Chapter 11 petitions in the United States Bankruptcy Court for the District of Massachusetts, initiating a process intended to preserve value... Read Story
September 29, 2016, 07:23 AM


Essar Steel Algoma Inc. obtained an Order from the Ontario Superior Court of Justice extending the stay of proceedings under the Companies' Creditors Arrangement Act (CCAA) to January 31, 2017. The Court further approved an amendment and extension to... Read Story
September 26, 2016, 08:00 AM


Golfsmith International Holdings LP (together with its subsidiaries, the "Company") announced the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court") granted various forms of relief requested with respect to the... Read Story
September 16, 2016, 07:40 AM


Peabody Energy announced it has received approval of its business plan by the company's debtor-in-possession (DIP) financing lenders. The business plan forms the foundation for the plan of reorganization that the company expects to submit before the... Read Story
August 11, 2016, 07:44 AM


Halcón Resources Corporation, and certain of its subsidiaries, announced that they had filed voluntary petitions under chapter 11 of the Bankruptcy Code to pursue a pre-packaged plan of reorganization in accordance with its previously announced... Read Story
July 29, 2016, 08:27 AM


Blackhill Partners, an investment bank specializing in complex situations, has completed the reorganization of Black Elk Energy Offshore Operations, LLC, guiding the company through bankruptcy. Blackhill led Black Elk through a complex Chapter 11... Read Story
July 28, 2016, 07:26 AM


Citizens Bank announced Brent Hazzard has been named Head of Structured Finance at Citizens Commercial Banking.Hazzard joins Citizens from GE Capital where he had served as a leader in both GE’s Restructuring and Distressed Debt businesses.... Read Story
July 08, 2016, 08:06 AM


Pacific Exploration & Production Corporation announced the successful closing of a debtor-in-possession financing in the amount of U.S.$500 million (the "DIP Financing"), less applicable fees and charges, with: (i) certain holders of the Company's... Read Story
June 22, 2016, 07:24 AM


International law firm Dorsey & Whitney LLP announced that Janet M. Weiss has joined the Firm’s Finance & Restructuring Group in New York as a Partner.  Weiss has extensive experience in all aspects of corporate reorganization and debt restructuring... Read Story
June 14, 2016, 07:43 AM


Aéropostale, Inc., a specialty retailer of casual apparel for young women and men, today announced that the United States Bankruptcy Court for the Southern District of New York has given final approval for the Company to access $160 million in debtor... Read Story
June 13, 2016, 11:49 AM


Vertellus Specialties Inc., a global manufacturer of fine and specialty chemicals, announced it has reached an agreement through which its existing term loan lenders would purchase substantially all of Vertellus Specialties Inc.'s U.S. and... Read Story
May 31, 2016, 08:11 AM


Debtor-in-possession (DIP) financings are frequently being left out of the equation for the current crop of bankrupt energy firms as many opt for pre-negotiated bankruptcy plans to speed up the restructuring process and rely on cash, according to... Read Story
May 24, 2016, 07:39 AM


Breitburn Energy Partners LP announced that it and certain of its affiliates filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York... Read Story
May 16, 2016, 07:39 AM


Penn Virginia Corporation announced that it and certain of its subsidiaries have filed voluntary petitions for relief under chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Eastern District of Virginia, Richmond... Read Story
May 12, 2016, 07:40 AM


Aéropostale, Inc. took the next steps in its ongoing business transformation by filing voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York. The Company expects... Read Story
May 04, 2016, 08:06 AM


Fairway Group Holdings, the parent company of Fairway Market, the iconic New York food retailer, announced that the company has reached an agreement with its senior secured lenders holding more than 70% of the company's senior secured debt on the... Read Story
May 03, 2016, 07:54 AM


SunEdison, Inc. announced that the U.S. Bankruptcy Court for the Southern District of New York has granted the relief requested by the Company in key first day motions related to ordinary course business activities.  This includes the continuation of... Read Story
April 25, 2016, 07:39 AM


SunEdison, Inc. announced that it has commenced a process to restructure its balance sheet and position the Company for the future.  To facilitate this restructuring, SunEdison and certain of its domestic and international subsidiaries have filed... Read Story
April 22, 2016, 08:14 AM


Peabody Energy Corporation announced that first day motions to help facilitate continued operations in the ordinary course of business while the company operates under Chapter 11 protection were approved by Judge Barry S. Schermer of the U.S.... Read Story
April 15, 2016, 07:38 AM


Taking a major step to strengthen liquidity and reduce debt amid an unprecedented industry downturn, Peabody Energy Corporation voluntarily filed petitions under Chapter 11 for the majority of its U.S. entities in the United States Bankruptcy Court... Read Story
April 13, 2016, 08:02 AM


PacSun announced that it and all of its subsidiaries have entered into a restructuring support agreement (the "RSA") with affiliates of Golden Gate Capital, the holder of its secured term loan provider under the Company's financing facilities. In... Read Story
April 07, 2016, 08:04 AM


Peregrine Midstream Partners LLC and its affiliates Peregrine Rocky Mountains LLC, Ryckman Creek Resources Holding Company LLC, and Ryckman Creek Resources, LLC announced it received final bankruptcy court approval on a $35 million debtor in... Read Story
March 28, 2016, 07:35 AM


Republic Airways Holdings Inc. has reached agreement with Delta Air Lines, Inc. to holistically restructure the parties’ codeshare relationship. The motion filed today in the United States Bankruptcy Court for the Southern District of New York is a... Read Story
March 25, 2016, 07:46 AM


SSG Capital Advisors, LLC ("SSG") acted as the co-investment banker to Diverse Energy Systems, LLC and its subsidiary ITS Engineered Systems, Inc. (collectively "Diverse" or the "Company") in both the placement of debtor-in-possession ("DIP")... Read Story
March 04, 2016, 07:46 AM


Verso Corporation announced that it has received final approval from the U.S. Bankruptcy Court in the District of Delaware for a variety of first day motions related to its voluntary restructuring under Chapter 11 of the U.S. Bankruptcy Code.  These... Read Story
March 03, 2016, 08:08 AM


Reich Brothers Holdings, LLC, a purchaser of turnkey manufacturing facilities, specialty finance lender, and demolition services provider, has named Kyle Sligar president of Reich Brothers Business Solutions, LLC and hired new capital asset... Read Story
March 03, 2016, 07:59 AM


TSA Stores, Inc. (“Sports Authority” or the “Company”), an industry leader in providing a wide assortment of quality, brand-name sporting goods, announced that Sports Authority and several of its affiliates filed voluntary petitions to restructure... Read Story
March 02, 2016, 07:45 AM


The PrivateBank has provided both debtor-in-possession financing and $20 million in senior secured exit financing to Cardiac Science Corp. Cardiac Science is a global leader in the manufacturing and marketing of automated external defibrillators... Read Story
February 17, 2016, 07:46 AM


SFX Entertainment, Inc. has reached an agreement with an ad hoc group of bondholders ("ad hoc group") to significantly restructure the Company's outstanding debt. SFX and the ad hoc group have entered into a Restructuring Support Agreement ("RSA")... Read Story
February 01, 2016, 07:55 AM


Verso Corporation has finalized a restructuring support agreement (RSA) with creditors holding at least a majority in principal amount of substantially all tranches of funded debt of Verso and its subsidiaries in connection with Verso's filing for... Read Story
January 28, 2016, 07:48 AM


White Oak Global Advisors, LLC announced that it has formed a new healthcare finance platform in partnership with Isaac Soleimani, former Chairman and CEO of Healthcare Finance Group, LLC.  Soleimani has joined White Oak as Managing Director and... Read Story
January 22, 2016, 08:07 AM


Credit Value Partners, a registered investment advisor specializing in corporate debt investments, closed a $12.0 million revolving DIP credit facility with Health Diagnostic Laboratory, Inc. ("HDL").  Proceeds of the loan were used for general... Read Story
January 13, 2016, 07:39 AM


Swift Energy Company has reached an agreement with holders of a majority of its senior notes to convert all senior notes to equity pursuant to the terms of a restructuring support agreement. Under the agreement, existing equity holders are to retain... Read Story
January 04, 2016, 07:21 AM


Quiksilver, Inc. announced that the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”) has approved the full amount of its $175 million debtor-in-possession (DIP) financing package provided by affiliates of Oaktree... Read Story
October 19, 2015, 07:22 AM


Siena Lending Group announced the completion of a $6.6 million debtor-in-possession revolving credit facility for Lincoln Paper and Tissue LLC (“Lincoln”). The facility will be used for working capital needs as a sale is completed through the 363... Read Story
October 06, 2015, 07:39 AM


American Apparel reached a restructuring support agreement with 95% of its secured lenders to implement a pre-arranged financial restructuring. This reorganization will enable the Company to implement a comprehensive transformation strategy to... Read Story
October 05, 2015, 08:03 AM


Quiksilver, Inc. announced that the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”) has approved a variety of First Day Motions related to its voluntary chapter 11 restructuring. Collectively, the orders granted... Read Story
September 11, 2015, 07:36 AM


Quiksilver, Inc. announced that it commenced voluntary proceedings for relief under chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”) for its U.S. subsidiaries.... Read Story
September 10, 2015, 07:31 AM


Hilco Global announced it has purchased the steel processing facility located at the Lee Steel Corporation site in Romulus, Michigan.  The deal which was approved in U.S. Bankruptcy Court in Detroit, Michigan last week includes a 200,000 square foot... Read Story
August 19, 2015, 07:58 AM


Alpha Natural Resources, Inc. and certain of its wholly-owned subsidiaries filed voluntary petitions today with the United States Bankruptcy Court for the Eastern District of Virginia in Richmond to reorganize under Chapter 11 of the U.S. Bankruptcy... Read Story
August 04, 2015, 08:07 AM


Coyne International Enterprises Corp., a leading U.S. commercial laundry service company (Coyne), filed for relief under chapter 11 of the Bankruptcy Code Friday in the United States Bankruptcy Court for the Northern District of New York in... Read Story
August 04, 2015, 07:45 AM


Relativity Media LLC ("Relativity") today announced that the U.S. Bankruptcy Court for the Southern District of New York (the "Court") has entered orders approving the Company's First Day Motions to allow Relativity to maintain its business... Read Story
August 03, 2015, 07:06 AM


Relativity Media and certain of its subsidiaries have filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of New York in order to strengthen its balance sheet and recapitalize... Read Story
July 31, 2015, 07:37 AM


GT Advanced Technologies Inc. announced that it has it has closed on its $95 million debtor-in-possession term loan facility (the "DIP Loan Facility"). The lenders include certain holders of GT's convertible notes. The loan has a one-year term and... Read Story
July 29, 2015, 07:41 AM


Molycorp, Inc. moved forward with its Chapter 11 process and received Court approval for an improved debtor-in-possession (DIP) financing package provided by Oaktree Capital Management LP. The approved DIP facility of new net financing of $130... Read Story
July 23, 2015, 07:58 AM


GT Advanced Technologies announced the commencement of a process to solicit participation in a proposed debtor-in-possession term loan facility by eligible holders of the company's previously issued convertible notes. The solicitation process is... Read Story
July 10, 2015, 07:39 AM


Colt Defense has entered into a consensual agreement under which Colt’s secured lenders will provide $20 million in debtor in possession credit facilities to allow for ordinary course business operations during the Chapter 11 process.Consistent with... Read Story
June 25, 2015, 07:05 AM


Anna's Linens, Inc., a specialty retailer of value priced home fashions, has filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court, in Santa Ana, CA on Ju.e 14, 2015. The... Read Story
June 16, 2015, 07:49 AM


Colt Defense LLC  announced in voluntary Chapter 11 materials filed in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”) a process that will allow for an accelerated sale of Colt’s business operations in the US... Read Story
June 15, 2015, 07:46 AM


GT Advanced Technologies Inc. announced the fourth extension of the solicitation period in connection with its previously announced proposed debtor-in-possession term loan facility (the "DIP Loan Facility"). Following the extension, the solicitation... Read Story
June 08, 2015, 07:28 AM


Siena Lending Group announced the completion of an $6.0 million debtor-in-possession revolving credit facility for Gourmet Express, LLC (“Gourmet”). The facility will be used to fund working capital until the completion of a bankruptcy sale.... Read Story
April 22, 2015, 08:07 AM


GT Advanced Technologies Inc. announced the extension of the solicitation period in connection with its previously announced proposed debtor-in-possession term loan facility (the "DIP Loan Facility"). Following the extension, the solicitation period... Read Story
April 22, 2015, 07:10 AM


Chassix Holdings, Inc. announced that the Company and its U.S. subsidiaries have received approval from the United States Bankruptcy Court for the Southern District of New York (the “Court”) to access the full amount its $250 million in committed... Read Story
April 13, 2015, 08:08 AM


GT Advanced Technologies Inc. announced the commencement of a process to solicit participation in a proposed debtor-in-possession term loan facility by eligible holders of the company's previously issued convertible notes (the "Convertible Notes").... Read Story
April 06, 2015, 08:19 AM


Exide Technologies announced that Judge Kevin J. Carey of the U.S. Bankruptcy Court for the District of Delaware entered an order confirming the Exide Plan of Reorganization (the "Plan").The Plan had overwhelming creditor support. The Plan will... Read Story
March 30, 2015, 07:29 AM


Versa Capital Management, LLC (“Versa”) announced today that one of its affiliates was declared the winning bidder in the auction for the business of The Wet Seal, Inc. (“Wet Seal”), a specialty retailer in reorganization proceedings. “We believe our... Read Story
March 16, 2015, 08:14 AM


Chassix Holdings, Inc. announced that it reached agreement with 80% of its unsecured bondholders and 71.5% of its senior secured bondholders, its existing sponsor, and all of its largest customers regarding the terms of a comprehensive restructuring... Read Story
March 13, 2015, 07:55 AM


The Standard Register Company announced that it and its subsidiaries have filed voluntary petitions under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware.The Company also announced that it is... Read Story
March 13, 2015, 07:47 AM


Sport-Haley Holdings, Inc., a diversified holding company, has filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code today as part of its agreement with its secured lender. The filing, done in cooperation with the... Read Story
March 09, 2015, 07:51 AM


Cal Dive International, Inc. and its U.S. subsidiaries have filed simultaneous voluntary petitions in the United States Bankruptcy Court for the District of Delaware seeking relief under the provisions of Chapter 11 of the U.S. Bankruptcy Code. The... Read Story
March 04, 2015, 08:06 AM


University General Health System, Inc., a diversified, integrated, multi-specialty health care delivery system, announced the company and certain of its subsidiaries filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy... Read Story
March 02, 2015, 07:13 AM


Global Geophysical Services, Inc. announced it has successfully completed its balance sheet restructuring and emerged from bankruptcy, following confirmation of Global's Second Amended Joint Chapter 11 Plan of Reorganization by the U.S. Bankruptcy... Read Story
February 11, 2015, 07:23 AM


CACHÉ, Inc., a national omni-channel specialty retailer of women's apparel and accessories, announced that it has filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the Bankruptcy Court ("Court) for the... Read Story
February 04, 2015, 07:57 AM


The Wet Seal, a specialty retailer to young women, announced that it has filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy... Read Story
January 16, 2015, 07:23 AM


J & B Restaurant Partners of Long Island II, LLC and certain affiliates (collectively, the “Company”), owners of 37 Friendly’s restaurants in New York, New Jersey and Connecticut, filed voluntary petitions for relief under Chapter 11 of the United... Read Story
January 07, 2015, 07:47 AM


Salus Capital Partners, LLC announced it has provided a $20 million debtor-in-possession (DIP) facility to dELiA*s, Inc.  dELiA*s, Inc. is an omni-channel retail company primarily marketing to teenage girls.  The financing will be used by the company... Read Story
December 10, 2014, 07:48 AM


ALCO Stores, Inc. announced that the company and its subsidiary, ALCO Holdings, Limited Liability Company, filed on October 12, 2014 voluntary petitions for relief in the U.S. Bankruptcy Court for the Northern District of Texas, Dallas Division... Read Story
October 14, 2014, 08:04 AM


Exide Technologies has received all necessary approvals from its lenders, thereby extending its debtor-in-possession (DIP) credit facility's maturity date to March 31, 2015, subject to the terms and conditions thereof. The extension provides Exide... Read Story
October 10, 2014, 07:35 AM


GT Advanced Technologies Inc. announced that it had, together with certain of its direct and indirect subsidiaries (collectively, GT), commenced voluntary cases under chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the... Read Story
October 07, 2014, 07:08 AM


Exide Technologies is seeking approval from its lenders for an extension of its debtor-in-possession (DIP) credit facility's maturity date to March 31, 2015. This extension would provide Exide additional time to complete negotiations with its... Read Story
October 01, 2014, 07:17 AM


Exide Technologies announced that, on July 22, 2014 and July 25, 2014, Exide's DIP lenders approved two amendments to the company's debtor-in-possession financing facilities (the "DIP Facilities"). The sixth amendment provides the Company with $60... Read Story
July 30, 2014, 08:02 AM


Crumbs Bake Shop, a New York-based cupcake specialty store chain, announced that the U.S. Bankruptcy Court for the District of New Jersey has approved all of the First Day Motions related to its voluntary Chapter 11 process initiated July 11, 2014... Read Story
July 21, 2014, 08:04 AM


Crumbs Bake Shop, Inc., a New York based cupcake specialty store chain, has entered into an Asset Purchase Agreement through which Lemonis Fischer Acquisition Company, LLC, a joint venture created by Marcus Lemonis LLC and Fischer Enterprises, L.L.C.... Read Story
July 14, 2014, 07:13 AM


Kid Brands, Inc. announced that it plans to pursue a sale of substantially all of the assets of the company, or one or more of its subsidiaries, facilitated through the filing of voluntary chapter 11 petitions in the United States Bankruptcy Court... Read Story
June 20, 2014, 07:37 AM


Reuters reports that Atlantic City's troubled Revel Casino Hotel on Jun. 19 filed its second bankruptcy in just over a year and said it is hunting for a buyer.The casino, which had gone through Chapter 11 bankruptcy in March 2013, warned employees... Read Story
June 20, 2014, 07:11 AM


Reuters reports that a lender call was scheduled to market an alternative $1.9 billion second-lien debtor-in-possession (DIP) financing for Energy Future Intermediate Holdings (EFIH), a subsidiary that owns the regulated business for bankrupt power... Read Story
May 30, 2014, 07:23 AM


Exide Technologies, a global leader in stored electrical-energy solutions, announced it has received approval of an amendment to its Debtor-in-Possession (DIP) credit agreement.Principally, the amendment provides an extension of Exide's deadline to... Read Story
May 29, 2014, 07:28 AM


Momentive Performance Materials Inc. (MPM or the Company) announced that the U.S. Bankruptcy Court for the Southern District of New York has granted MPM final authorization to access the full amount its $570 million in committed debtor-in-possession... Read Story
May 27, 2014, 07:44 AM


Universal Cooperatives, Inc. and its domestic subsidiaries have filed voluntary Chapter 11 petitions in the United States Bankruptcy Court for the District of Delaware for the purpose of maximizing value through the sale of ongoing businesses... Read Story
May 12, 2014, 07:31 AM


Energy Future Holdings (EFH) announced that the U.S. Bankruptcy Court for the District of Delaware has granted the relief requested by the company in key first day motions it filed in conjunction with its voluntary petitions for reorganization under... Read Story
May 05, 2014, 07:34 AM


Business Capital has secured an $8.5 Million D.I.P loan for Pacific Steel Casting (PSC), one of the largest independent steel casting companies in the U.S. that makes carbon, low-alloy and stainless steel castings for U.S. and international customers... Read Story
April 22, 2014, 07:13 AM


Siena Lending Group announced the completion of a $8.5 million debtor-in-possession revolving credit facility for Pacific Steel Casting Company. The facility will be used to repay the existing lender and for working capital needs as the sale of the... Read Story
April 16, 2014, 07:19 AM


Coldwater Creek Inc. announced that the company and all of its U.S. subsidiaries have filed voluntary petitions under Chapter 11 in the U.S. Bankruptcy Court in Wilmington, Delaware, in order to facilitate an orderly wind-down of its... Read Story
April 11, 2014, 07:54 AM


Global Geophysical Services, Inc. announced it and certain of its domestic subsidiaries have filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas, Corpus... Read Story
March 26, 2014, 07:16 AM


The Dolan Company and its subsidiaries (collectively, the “Company”) announced that it, along with certain of its subsidiaries, has agreed to a comprehensive balance-sheet restructuring with its secured lenders that, among other things, will allow... Read Story
March 21, 2014, 07:20 AM


Quantum Foods, LLC, a leading independent custom provider of value-added proteins, announced that it has received bankruptcy court approval of its entry into a fully-executed Asset Purchase Agreement with Raging Bull Acquisition Company LLC. The... Read Story
March 20, 2014, 07:24 AM


Quiznos, one of the nation's premier quick-service restaurant chains and pioneer of the toasted sub, announced that the U.S. Bankruptcy Court in Wilmington, Delaware (the "Court") granted the Company's request for certain "first day" orders that help... Read Story
March 18, 2014, 07:32 AM


Quiznos announced that its senior lenders have voted overwhelmingly in favor of a "pre-packaged" restructuring plan that will reduce the company's debt by more than $400 million. The plan is intended to increase the company's flexibility as it... Read Story
March 17, 2014, 07:39 AM


Restora Healthcare, an operator of two long-term acute care hospitals and skilled nursing facilities in Phoenix, announced it has filed for chapter 11 protection to recapitalize and reorganize its business. Restora’s secured lender, Healthcare... Read Story
February 25, 2014, 07:36 AM


Classic Party Rentals announced that the U.S. Bankruptcy Court for the District of Delaware has approved all of the First Day Motions related to its voluntary chapter 11 process initiated February 13, 2014. These motions collectively will enable the... Read Story
February 21, 2014, 07:14 AM


Quantum Foods announced that it is in the final stages of negotiating a sale of substantially all its business to CTI Foods Holding Co., LLC (CTI Foods). After evaluating multiple opportunities in the process, a leader emerged with a clear strategy... Read Story
February 19, 2014, 07:52 AM


Xtreme Power, a leader in integrated power management systems and energy storage solutions, won bankruptcy court approval on February 7 to eliminate a February deadline for bids and instituted a straight auction process in March. Horizon Technology... Read Story
February 11, 2014, 07:36 AM


White Oak Global Advisors, LLC, a leading provider of private debt financing to middle-market companies, announced the funding of a $25 million senior secured term loan to a technology developer and manufacturer of advanced transmission systems.  The... Read Story
February 05, 2014, 07:22 AM


White Oak Global Advisors, LLC, a leading provider of private debt financing to middle-market companies, announced the funding of a $34.0 million senior secured term loan to an energy services company.  The financing was used to support the company’s... Read Story
January 21, 2014, 07:23 AM


Furniture Brands International announced that the United States Bankruptcy Court for the District of Delaware has declared an affiliate of KPS Capital Partners, LP ("KPS") as the winning bidder in the auction to acquire substantially all of the... Read Story
November 25, 2013, 08:04 AM


Global Aviation Holdings, Inc., the largest commercial provider of charter air services to the U.S. military and a major provider of worldwide commercial global passenger and cargo air transportation services, today announced that the Company and its... Read Story
November 12, 2013, 07:29 AM


Bloomberg reports Energy Future Holdings Corp. has lined up $4.4 billion of loans in the event the Texas power generator ever files for bankruptcy protection. According to the Bloomberg report, the financing which is currently under negotiation will... Read Story
November 04, 2013, 07:18 AM


Laboratory Partners, Inc. (the “Company” or “MedLab”), a clinical laboratory doing business in eight states and the District of Columbia, announced that on Oct. 25 it, together with six subsidiaries, filed voluntary Chapter 11 petitions in the U.S.... Read Story
October 29, 2013, 07:38 AM


Furniture Brands International announced that the First Day motions filed on September 9, 2013 relating to the company's voluntary Chapter 11 restructuring process were approved yesterday by the U.S. Bankruptcy Court for the District of Delaware, the... Read Story
September 13, 2013, 07:59 AM


Patriot Coal Corporation announced that its debtor-in-possession financing has been extended to December 31, 2013. In a previous release from Jul. 2012, the company announced that the Bankruptcy Court for the Southern District of New York granted... Read Story
September 12, 2013, 07:12 AM


Thomson Reuters reports Detroit, which made the largest Chapter 9 municipal bankruptcy filing in U.S. history, on filed a request for proposals for $350 million in unprecedented financing, the city emergency manager's office said. Detroit is the... Read Story
September 03, 2013, 07:11 AM


Exide Technologies reported today that it has received final Bankruptcy Court approval of its $500 million debtor-in-possession (DIP) financing provided by JP Morgan Chase and a group of lenders to whom the DIP financing was syndicated.On June 10... Read Story
July 25, 2013, 07:28 AM


Orchard Supply Hardware Stores, a neighborhood hardware and garden store focused on paint, repair and the backyard, announced that the United States Bankruptcy Court for the District of Delaware has given final approval for the company to access $177... Read Story
July 17, 2013, 07:49 AM


The Deloitte Corporate Restructuring Group (Deloitte CRG) within Deloitte Financial Advisory Services LLP served as financial and restructuring advisor to TC Global, Inc. (Tully's Coffee) throughout the bankruptcy process and during its sale of... Read Story
July 09, 2013, 07:33 AM


Exide Technologies announced that it has received U.S. Court approval of a variety of motions that will support the Company's operations as it proceeds with its restructuring, including interim approval of its $500 million Debtor-in-Possession (DIP)... Read Story
June 12, 2013, 07:45 AM


Exide Technologies filed a voluntary petition for reorganization pursuant to U.S. federal restructuring laws in order to facilitate the financial and operational restructuring necessary to strengthen its balance sheet and its business to position the... Read Story
June 10, 2013, 08:04 AM


Healthcare Finance Group announced it has provided $18.0 million in debtor-in-possession financing to KidsPeace Corporation ("KidsPeace"). KidsPeace provides pediatric behavioral health services with residential treatment facilities in Pennsylvania... Read Story
June 06, 2013, 08:07 AM


iGPS Company LLC, operator and owner of the largest global pallet rental pool of lightweight, 100% recyclable plastic platforms with embedded RFID tags, today announced that it has reached an agreement for the sale of substantially all of its assets... Read Story
June 05, 2013, 07:52 AM


The Deal Pipeline reports Oreck Corp., which makes and sells vacuum cleaners and air purification products, has filed for bankruptcy protection to pursue the sale of its assets. The Nashville company and eight affiliates submitted Chapter 11... Read Story
May 09, 2013, 07:11 AM


Revel AC Inc. announced the US Bankruptcy Court for the District of New Jersey (Camden) has entered a final order to approve Revel’s approximate $250 million debtor-in-possession financing to help support and maintain its day-to-day operations... Read Story
April 19, 2013, 08:09 AM


Powerwave Technologies has entered into a debtor in possession credit and security agreement with P-Wave Holdings, LLC, an affiliate of The Gores Group. Under the agreement, P-Wave Holdings will make available to the company a multiple draw senior... Read Story
April 15, 2013, 07:18 AM


The U.S. Bankruptcy Court for the District of New Jersey has approved a $5 million financing agreement for five Connecticut nursing homes that will allow the facilities to continue providing quality patient care during their Chapter 11 reorganization... Read Story
April 11, 2013, 07:08 AM


AC Revel Inc., owner of the struggling Revel casino in Atlantic City, formally filed for Chapter 11 bankruptcy in U.S. Bankruptcy Court in Camden Monday, as expected. The prepackaged bankruptcy, with terms Revel's creditors have agreed to, is meant... Read Story
March 26, 2013, 07:46 AM


Kodak closed its previously-announced $848 million financing with members of the Steering Committee of the Second Lien Noteholders and other holders of Kodak's Senior Secured Notes. This new financing, together with the amendment and restatement of... Read Story
March 25, 2013, 07:29 AM


A Delaware bankruptcy judge on Monday approved School Specialty Inc.'s new $155 million debtor-in-possession financing deal, a replacement package designed to give the insolvent educational supply company greater flexibility by taking out its private... Read Story
February 27, 2013, 07:52 AM


Ormet Corporation, a producer of primary aluminum, announced it has signed a definitive Asset Purchase Agreement with Smelter Acquisition, a portfolio company owned by private investment funds managed by Wayzata Investment Partners, in connection... Read Story
February 26, 2013, 08:03 AM


A press release notes Atari, Inc. and its three US affiliates closed $2 million of interim debtor in possession  financing. According to Atari CEO Jim Wilson, "The interim DIP financing enables Atari to finance its near term ordinary course business... Read Story
February 06, 2013, 07:47 AM


U.S. asset-based lending (ABL) facilities present in a defaulted issuer's capital structure demonstrated complete recoveries in a bankruptcy scenario, according to a new Fitch Ratings report. Fitch reviewed 12 recent U.S. bankruptcies - five... Read Story
January 30, 2013, 08:04 AM


K-V Pharmaceutical Company announced that the U. S. Bankruptcy Court for the Southern District of New York, the Honorable Judge Allan L. Gropper presiding, approved the company's settlement agreement with Hologic, Inc., and authorized the Company to... Read Story
January 02, 2013, 07:33 AM


Norse Energy Corp. ASA announcesd that its US subsidiary, Norse Energy Corp. USA, has appointed a financial advisor, Next Point LLC, to assist the company in obtaining debtor in possession financing. The retention of Next Point is subject to approval... Read Story
December 28, 2012, 07:03 AM


THQ Inc, a developer and publisher of interactive entertainment software, announced that it entered into an Asset Purchase Agreement with a “stalking horse bidder,” affiliates of Clearlake Capital Group, to acquire substantially all of the assets of... Read Story
December 20, 2012, 08:09 AM


Eastman Kodak said today that it will get about $525 million for its digital imaging patents. The sale achieves one of Kodak's key restructuring objectives. It follows other recent major moves that include an agreement for interim and exit financing... Read Story
December 20, 2012, 07:19 AM


K-V Pharmaceutical Company received a commitment from lenders led by an affiliate of Silver Point Finance LLC for $85 million in senior secured post-petition debtor-in-possession financing, which the company intends to use to, among other things... Read Story
December 13, 2012, 07:07 AM


LCI Holdco, LLC, parent company of LifeCare Holdings, has reached an agreement to be acquired by Hospital Acquisition LLC, an acquisition vehicle owned by LifeCare's senior secured lenders. The transaction will strengthen the company's financial... Read Story
December 12, 2012, 08:03 AM


American Suzuki Motor Corporation (AMSC) received Court approval for Debtor-In-Possession financing and will be able to borrow up to $50 million for operations and up to $50 million for purchases of inventory from Suzuki Motor Corporation (SMC).... Read Story
December 10, 2012, 08:02 AM


Salus Capital Partners provided a $9.5 million debtor-in-possession (dip) credit facility to Bakers Footwear Group, a specialty retailer of moderately priced fashion footwear for young women. The DIP financing will be used by Bakers to provide... Read Story
November 28, 2012, 08:08 AM


Eastman Kodak said it reached a $793 million financing deal with its bondholders, noting that the financing is a key element in enabling the troubled photographic equipment maker to emerge from bankruptcy in the first half of 2013. However, the deal... Read Story
November 13, 2012, 07:49 AM


AMF Bowling Worldwide reached an agreement with a majority of its secured first lien lenders and the landlord of a majority of its bowling centers to restructure through a first lien lender-led debt-for-equity conversion, subject to higher and better... Read Story
November 13, 2012, 07:14 AM