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

On June 30, 2015, an objection to 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 139 and is described on the court’s official docket as follows:

Limited Objection SB Boomerang Tubular, LLC’s Limited Objection and Reservation of Rights to Debtors’ Motion for Interim and Final Orders (A) Authorizing Post-Petition Financing Under Two Credit Facilities, (B) Granting Liens and Providing Superpriority Administrative Expense Claims, (C) Authorizing the Use of Cash Collateral, (D) Granting Adequate Protection, (E) Modifying the Automatic Stay, (F) Scheduling a Final Hearing and (G) Granting Related Relief (related document(s)[12], [60], [61]) Filed by SB Boomerang Tubular, LLC (Attachments: # (1) Exhibit A # (2) Exhibit B # (3) Certificate of Service) (Fournier, David)

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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