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

On May 12, 2015, an order regarding 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 123 and is described on the court’s official docket as follows:

Order Re: Emergency Motion as to Authorizing Post-Petition Unsecured Bridge Financing (Related Doc # [16]) Signed on 5/12/2015. It is hereby ORDERED, ADJUDGED and DECREED that the Bridge Financing Order will become final effective 05/25/2015 unless on or before that date an Objection thereto is filed, and provided further that payments under the Bridge Financing Order shall comply with the requirements of the Post-Petition Financing Order or any final version thereof. (gbro)

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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