Baxano Surgical Inc. Bankruptcy New Filing Alert: Order Regarding The Motion For Authority To Obtain Debtor-In-Possession Financing

On March 30, 2015, an order regarding the motion for authority to obtain debtor-in-possession financing was filed in the bankruptcy case of Baxano Surgical Inc. and its affiliates.

The filing was assigned docket number 384 and is described on the court’s official docket as follows:

Order Approving (A) Third Modification Of Final Order (I) Authorizing Debtor To Obtain Postpetition Financing (II) Granting Liens And Superpriority Claims To Postpetition Lender (III) Authorizing Use of Cash Collateral (IV) Providing Adequate Protection To Prepetition Secured Lending And (V) Scheduling Final Hearing (B) And (C) And Local Bankrutpcy Rule 4001-2, And (B) Granting Related Relief. (related document(s)[176], [212], [281], [318]) Signed on 3/30/2015. (Attachments: # (1) Exhibit 1) (JAF)

Baxano Surgical Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on November 12, 2014. The bankruptcy case is pending before the United States Bankruptcy Court for the District of Delaware. The case number for the lead bankruptcy case is 14-12545. The bankruptcy case is currently assigned to United States Bankruptcy Judge Christopher Sontchi. The law firm of Stevens & Lee, P.C. is acting as lead bankruptcy counsel to Baxano Surgical Inc. in the bankruptcy case.


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