American Apparel, Inc. Bankruptcy New Filing Alert: Affidavit Or Declaration Regarding Motion For Authority To Obtain Debtor-In-Possession Financing

On October 5, 2015, an affidavit or declaration regarding motion for authority to obtain debtor-in-possession financing was filed in the bankruptcy case of American Apparel, Inc. and its affiliates.

The filing was assigned docket number 33 and is described on the court’s official docket as follows:

Declaration in Support Declaration of Robert Flachs in Support of the Motion for Entry of Interim an Final Orders (I) Authorizing the Debtors to (A) Obtain Postpetition Senior Secured Superpriority Financing Pursuant to 11 U.S.C. §§ 361, 362, 363(c), 363(e), 364(c), 364(d)(1), 364(e) and 507 and (B) Utilize Cash Collateral; (II) Authorizing the Repayment in Full of Amounts Owed Under the Prepetition ABL Credit Facility, (III) Ganting Priming Liens, Priority Liens and Superpriority Claims to the DIP Lenders, (IV) Granting Adequate Protection to Certain Prepetition Secured Parties, (V) Scheduling a Final Hearing Pursuant to Bankruptcy Rules 4001(B) and (C) and (VI) Granting Related Relief (related document(s)[19]) Filed by American Apparel, Inc.. (O’Neill, James)

American Apparel, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on October 5, 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 15-12055. The bankruptcy case is currently assigned to United States Bankruptcy Judge Brendan Linehan Shannon. The law firm of Jones Day LLP is acting as lead bankruptcy counsel to American Apparel, Inc. in the bankruptcy case.


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