On December 4, 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 2697 and is described on the court’s official docket as follows:
Order Granting Debtors’ Emergency Motion for Order Pursuant to Bankruptcy Code Sections 363(b) and 503(b) and Bankruptcy Rules 2002 and 6004(h) (A) Authorizing Debtors to Pay Put Option Premium and Expenses in Connection With Exit Financing Commitment and (B) Approving Indemnity Obligations Thereunder (Related Doc # 2636) Signed on 12/4/2015. (hk) (Entered: 12/04/2015)
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.