Penn Virginia Corporation Bankruptcy New Filing Alert: Motion For Authority To Obtain Debtor-In-Possession Financing





On May 12, 2016, a motion for authority to obtain debtor-in-possession financing was filed in the bankruptcy case of Penn Virginia Corporation and its affiliates.

The filing was assigned docket number 25 and is described on the court’s official docket as follows:

Motion to Approve Debtors’ Motion for Entry of Interim and Final Orders (I) Authorizing the Debtors to (A) Obtain Senior Secured Superpriority Postpetition Financing and (B) Utilize Cash Collateral of the Prepetition Secured Parties, (II) Granting Adequate Protection to the Prepetition Secured Parties, (III) Modifying the Automatic Stay, (IV) Scheduling a Final Hearing, and (V) Granting Related Relief filed by Michael A. Condyles of Kutak Rock LLP on behalf of Penn Virginia Corporation. (Condyles, Michael)

Penn Virginia Corporation filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on May 12, 2016. The bankruptcy case is pending before the United States Bankruptcy Court for the Eastern District of Virginia . The case number for the lead bankruptcy case is 16-32395. The bankruptcy case is currently assigned to United States Bankruptcy Judge Judge Not Yet Assigned. The law firm of Kirkland & Ellis LLP is acting as lead bankruptcy counsel to Penn Virginia Corporation in the bankruptcy case.

300x600

Leave a Reply