GT Advanced Technologies Inc. Bankruptcy New Filing Alert: Motion For Authority To Obtain Debtor-In-Possession Financing

On March 13, 2015, a motion for authority to obtain debtor-in-possession financing was filed in the bankruptcy case of GT Advanced Technologies Inc. and its affiliates.

The filing was assigned docket number 1437 and is described on the court’s official docket as follows:

Emergency Motion / Emergency Motion of Debtors, Pursuant to Bankruptcy Code Section 105(a), Bankruptcy Rule 9006, and Local Rule 9073-1(b), Requesting Entry of Order Scheduling Expedited Hearings on Debtors Motion for Order Pursuant to Bankruptcy Code Sections 363(b) and 503(b) and Bankruptcy Rules 2002 and 6004(h) (A) Authorizing Debtors to Pay Put Option Premium and Expenses to Certain Unaffiliated GT Noteholders in Connection With Debtor in Possession Financing Commitment and (B) Approving Information Sharing Obligations and Indemnity Thereunder Filed by Debtor GT Advanced Technologies, Inc. (Attachments: # 1 Proposed Order) (Bongartz, G.) (Entered: 03/13/2015)

GT Advanced Technologies Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on October 6, 2014. The bankruptcy case is pending before the United States Bankruptcy Court for the District of New Hampshire. The case number for the lead bankruptcy case is 14-11916. The bankruptcy case is currently assigned to United States Bankruptcy Judge Henry Boroff. The law firm of Paul Hastings LLP is acting as lead bankruptcy counsel to GT Advanced Technologies Inc. in the bankruptcy case.


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