Colt Holding Company LLC Bankruptcy New Filing Alert: Motion For Authority To Pay Claims Of Vendors

On July 6, 2015, a motion for authority to pay claims of vendors was filed in the bankruptcy case of Colt Holding Company LLC and its affiliates.

The filing was assigned docket number 162 and is described on the court’s official docket as follows:

Motion for Leave (Joint Motion for Leave to File and Serve One or More Late Replies in Response to Any Objections Filed in Connection with Final Relief Requested in (I) “Debtors’ Motion for Entry of Interim and Final Orders (i) Authorizing the Debtors to Pay Prepetition Claims of Critical Vendors and (ii) Granting Related Relief” [D.I. 8]; (II) “Debtors’ Motion for Entry of Interim and Final Orders (I) Authorizing the Debtors to (A) Pay Certain Employee Compensation and Benefits, (B) Maintain and Continue Such Benefits and Other Employee-Related Programs, and (C) Pay Prepetition Claims of Independent Contractors and (ii) Granting Related Relief” [D.I. 15]; and (III) “Debtors’ Motion (i) Pursuant to 11 U.S.C. Sections 105, 361, 362, 363, 364, and 507 Authorizing the Debtors to (A) Obtain Post-Petition Financing, (B) Grant Senior Liens and Superpriority Administrative Expense Status, and (C) Utilize Cash Collateral of Pre-Petition Secured Parties; (ii) Granting Adequate Protection to Pre-Petition Secured Parties Pursuant to 11 U.S.C. Sections 361, 362, 363, and 364; (iii) Scheduling a Final Hearing; and (iv) Granting Related Relief” [D.I. 12]) (related document(s)[8], [12], [15]) Filed by Ad Hoc Consortium of Holders of the 8.75% Senior Notes Due 2017 of Colt Defense LLC and Colt Finance Corp., Colt Holding Company LLC, Term DIP Lenders and the Prepetition Term Loan Lenders. (Attachments: # (1) Exhibit A) (Madron, Jason)

Colt Holding Company LLC filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on June 14, 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 15-11296. The bankruptcy case is currently assigned to United States Bankruptcy Judge Laurie Selber Silverstein. The law firm of O’Melveny & Myers LLP is acting as lead bankruptcy counsel to Colt Holding Company LLC in the bankruptcy case.


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