PTC Seamless Tube Corp. (2015) Bankruptcy New Filing Alert: Objection To The Motion For Authority To Obtain Debtor-In-Possession Financing

On May 7, 2015, an objection to the motion for authority to obtain debtor-in-possession financing was filed in the bankruptcy case of PTC Seamless Tube Corp. (2015) and its affiliates.

The filing was assigned docket number 100 and is described on the court’s official docket as follows:

Objection Limited Objection of Wells Fargo Bank, National Association to Debtor’s Emergency Motion for Entry of Interim and Final Orders: (I) Authorizing Post-Petition Financing Pursuant to 11 U.S.C. §§ 105, 361, 362, 363 and 364; (II) Granting Adequate Protection to Pre-Petition Secured Lenders Pursuant to 11 U.S.C. §§ 361, 363 and 364; (III) Granting Liens, Security Interests, and Superpriority Claims; and (IV) Scheduling Final Hearing Pursuant to Fed.R.Bankr.P. 4001 and Local Rules 4001-2 and 9013-2 Regarding the Hearing on 5/8/2015. Filed by Wells Fargo Bank, National Association (RE: related document(s): [81] Motion to Approve Financing filed by Debtor PTC Seamless Tube Corp.). (Attachments: # (1) Certificate of Service) (Price, William)

PTC Seamless Tube Corp. (2015) filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on April 26, 2015. The bankruptcy case is pending before the United States Bankruptcy Court for the Western District of Pennslyvania . The case number for the lead bankruptcy case is 15-21445. The bankruptcy case is currently assigned to United States Bankruptcy Judge Thomas Agresti. The law firm of Reed Smith LLP is acting as lead bankruptcy counsel to PTC Seamless Tube Corp. (2015) in the bankruptcy case.


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