Bankruptcy & Restructuring News & Analysis — Conductor
Office Properties Income Trust Seeks $125 Million DIP Loan to Fund Bankruptcy Restructuring
The REIT, which owns 124 office properties, aims to reduce total debt from $2.4 billion to $1.3 billion through a comprehensive restructuring supported by holders of over 80% of its September 2029 Notes
Groff Tractor Mid Atlantic Seeks Court Approval for Sale Process, Three-Member Committee to Select Winning Bid
Groff Tractor Mid Atlantic and affiliated companies filed an emergency motion seeking approval of bidding procedures for the sale of their construction equipment dealership assets
Boston Apartment Complex With 95% Occupancy Files for Bankruptcy After Landlord Dispute
The Bon Morro, LLC and affiliated entities filed for Chapter 11 bankruptcy protection despite maintaining 95% occupancy and generating $17 million in annual residential rent
Solar Developer Pine Gate Renewables Seeks Court Approval to Pay $168 Million to Critical Vendors
Pine Gate Renewables, a utility-scale solar farm developer, is seeking bankruptcy court approval to pay up to $168.1 million to critical project vendors to maintain operations during its Chapter 11 restructuring
Eastern Mountain Sports Parent Files Liquidation Plan With Minimal Creditor Recoveries
Mountain Sports LLC, parent of Eastern Mountain Sports and Bob's Stores, filed a liquidation plan offering general unsecured creditors recoveries of less than 3%. The outdoor retailer sold substantially all assets to Mountain Warehouse after filing Chapter 11 bankruptcy in June 2024