GT Advanced Technologies Inc. Bankruptcy New Filing Alert: Order Regarding The Motion For Authority To Enter Into A Transaction Which Is Outside The Ordinary Course Of Business

On March 16, 2015, an order regarding the motion for authority to enter into a transaction which is outside the ordinary course of business was filed in the bankruptcy case of GT Advanced Technologies Inc. and its affiliates.

The filing was assigned docket number 1446 and is described on the court’s official docket as follows:

Order Granting 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. Hearing is scheduled for March 18, 2015 at 11:00 am.(Related Doc # 1437) Signed on 3/16/2015. (jtp) (Entered: 03/16/2015)

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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