Turnberry/MGM Grand Towers, LLC Bankruptcy New Filing Alert: Motion For Authority To Obtain Debtor-In-Possession Financing

On July 31, 2015, a motion for authority to obtain debtor-in-possession financing was filed in the bankruptcy case of Turnberry/MGM Grand Towers, LLC and its affiliates.

The filing was assigned docket number 95 and is described on the court’s official docket as follows:

Application Debtors’ Motion for an Order:(I) Authorizing Post-Petition Financing, (II) Granting Liens and Providing Superpriority Administrative Expense Claims, (III) Approving Loan Documents Related to the Foregoing; (iv) Granting Relief from the Automatic Stay, and (v) Granting Other Related Relief with Proposed Order Filed by TALITHA B. GRAY KOZLOWSKI on behalf of TURNBERRY/MGM GRAND TOWER B, LLC, TURNBERRY/MGM GRAND TOWER C, LLC, TURNBERRY/MGM GRAND TOWERS, LLC (Attachments: # (1) Exhibit 1 # (2) Exhibit 2)(GRAY KOZLOWSKI, TALITHA)

Turnberry/MGM Grand Towers, LLC filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on June 26, 2015. The bankruptcy case is pending before the United States Bankruptcy Court for the District of Nevada. The case number for the lead bankruptcy case is 15-13706. The bankruptcy case is currently assigned to United States Bankruptcy Judge August Landis. The law firm of Garman Turner Gordon LLP is acting as lead bankruptcy counsel to Turnberry/MGM Grand Towers, LLC in the bankruptcy case.


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