American Apparel, Inc. Bankruptcy New Filing Alert: Objection To The Motion For Authority To Obtain Debtor-In-Possession Financing

On October 26, 2015, an objection to the 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 180 and is described on the court’s official docket as follows:

Joinder //(I) Joinder to the Limited Objection of Starwood Retail Partners, LLC, Acadia Realty Trust, Boulevard Invest, LLC, Deutsche Asset & Wealth Management, and Centercal Properties, LLC to Debtors’ Motion for Entry of Interim and Final Orders (I) Authorizing the Debtors to (A) Obtain Postpetition Senior Secured Superpriority Financing Pursuant to 11 U.S.C. Sections 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) Granting 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; and (II) Limited Objection to the Financing Motion (related document(s)[19], [80], [176]) Filed by The A.J.D. Building LLC. (Leonhardt, Scott)

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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