Bankruptcy & Restructuring News & Analysis — Conductor
GoldenPeaks Poland: A Cross-Border Solar Restructuring Financed by Its Sponsor
A 664 MWp Polish solar enterprise with roughly $952 million of funded debt enters Chapter 11 in Texas with less than €1.1 million of unencumbered cash
The Inotiv Prepack: Deleveraging a Contract Research Platform Through a Consensual Plan
A consensual, supermajority-supported balance-sheet restructuring proposes to eliminate roughly $325 million of funded debt, convert debtor-in-possession loans straight into exit financing, and hand most of the reorganized equity to first-lien lenders while leaving trade creditors whole
Miyoshi America: A Prepackaged Section 524(g) Talc Plan Heads to Confirmation
Miyoshi America advances what it describes as a first-of-its-kind prepackaged talc bankruptcy plan, using Section 524(g) to channel present and future talc claims into a trust funded primarily by its Japanese parent, with more than 99% support from voting talc claimants
From Reorganization to Wind-Down: Spirit Airlines Moves to Auction Its Remaining Assets
After exhausting every path to continued operations, the Debtors have ceased flying and now seek court approval of bidding procedures to sell their LaGuardia slots, corporate campus, loyalty program, and operating equipment through a multi-track auction this summer
Trinseo’s Prepackaged Reset: Two Collateral Silos, One Holdout
A global specialty chemical maker enters Chapter 11 with 78% creditor support and a plan to shed roughly $2.0 billion in debt