Boomerang Tube, LLC (a/k/a Oilfield Tubulars, LLC) Bankruptcy New Filing Alert: Order Regarding The Motion For Authority To Obtain Debtor-In-Possession Financing

On June 11, 2015, an order regarding the motion for authority to obtain debtor-in-possession financing was filed in the bankruptcy case of Boomerang Tube, LLC (a/k/a Oilfield Tubulars, LLC) and its affiliates.

The filing was assigned docket number 61 and is described on the court’s official docket as follows:

Order (INTERIM) (I) Authorizing the Debtors to (A) Obtain Postpetition Revolving Loan Financing Pursuant to 11 U.S.C. §§ 105,361, 362, 363(c), 363(e), 364(c), and 364(e) and (B) Use Cash Collateral, (II) Granting Adequate Protection to the Prepetition Revolving Loan Lenders, (III) Scheduling a Final Hearing Pursuant to Bankruptcy Rules 4001(b) and 4001(c), and (IV) Granting Related Relief (related document(s)[12], [58]) Order Signed on 6/11/2015. (Attachments: # (1) Exhibit A) (LB)

Boomerang Tube, LLC (a/k/a Oilfield Tubulars, LLC) filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on June 9, 2015. 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 15-11247. The bankruptcy case is currently assigned to United States Bankruptcy Judge Mary Walrath. The law firm of Young Conaway Stargatt & Taylor, LLP is acting as lead bankruptcy counsel to Boomerang Tube, LLC (a/k/a Oilfield Tubulars, LLC) in the bankruptcy case.


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