On July 6, 2015, a motion for authority to obtain debtor-in-possession financing was filed in the bankruptcy case of GT Advanced Technologies Inc. and its affiliates.
The filing was assigned docket number 1999 and is described on the court’s official docket as follows:
Emergency Motion to Expedite Hearing / Emergency Motion of Debtors, Pursuant to Bankruptcy Code Section 105(a), Bankruptcy Rule 9006, and Local Rule 9073-1(b), Requesting Entry of Order Scheduling Hearing On: (A) Debtors’ Motion for Entry of Final Order, Pursuant to Bankruptcy Code Sections 105, 361, 362, 363(b), 363(c), 363(e), 364, 503(b), and 507 and Bankruptcy Rules 2002, 4001, 6004(h), and 9014: (I) Authorizing Debtors to Obtain Postpetition Financing; (II) Granting Liens and Super-Priority Claims; (III) Authorizing Debtors to Pay Put Option Premium and Expense Reimbursement; (IV) Approving Information Sharing Obligations and Indemnity Thereunder; and (V) Granting Related Relief; (B) Debtors’ Renewed Motion for Order, Pursuant to Bankruptcy Code Sections 105, 362, 363, and 553 and Bankruptcy Rule 6004, Authorizing Certain Debtors to Enter Into Intercompany Agreement Related to Sale of ASF Furnaces; and (C) Motion to Extend Exclusive Period to file Chapter 11 Plan to September 30, 2015 and Solicit Acceptance thereof to November 30, 2015 Filed by Debtor GT Advanced Technologies, Inc. Filed by Debtor GT Advanced Technologies, Inc. (RE: related document(s) 1872 Motion to Extend Time filed by Debtor GT Advanced Technologies, Inc., 1997 Motion filed by Debtor GT Advanced Technologies, Inc., 1998 Motion filed by Debtor GT Advanced Technologies, Inc.) (Attachments: # 1 Proposed Order) (Bongartz, G.) (Entered: 07/06/2015)
GT Advanced Technologies Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on October 6, 2014. The bankruptcy case is pending before the United States Bankruptcy Court for the District of New Hampshire. The case number for the lead bankruptcy case is 14-11916. The bankruptcy case is currently assigned to United States Bankruptcy Judge Henry Boroff. The law firm of Paul Hastings LLP is acting as lead bankruptcy counsel to GT Advanced Technologies Inc. in the bankruptcy case.