GT Advanced Technologies Inc. Bankruptcy New Filing Alert: Order Regarding The Motion For Authority To Obtain Debtor-In-Possession Financing

On July 7, 2015, an order regarding the 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 2000 and is described on the court’s official docket as follows:

Order Granting Motion to Expedite Hearing on 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 (related document(s): 1997 Motion filed by Debtor GT Advanced Technologies, Inc.) Signed on 7/7/2015. Hearing scheduled for 7/20/2015 at 02:00 PM at Berkshire Courtroom, United States Courthouse, 300 State Street, 3rd Floor, Springfield, MA. (jtp) (Entered: 07/07/2015)

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.


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