Bankruptcy & Restructuring News & Analysis — Conductor
Carbon Health Seeks Court Approval for $100 Million Credit Bid Sale as Backstop to Reorganization Plan
Carbon Health Technologies seeks bankruptcy court authorization for a contingency $100 million credit bid sale of substantially all its assets to its DIP lender, filed as a backstop against the risk of administrative insolvency should escalating administrative costs exhaust available DIP financing before the debtors' reorganization plan can be confirmed
Office Properties Income Trust Approaches Confirmation on $2.4 Billion Restructuring
Office Properties Income Trust is heading into the final stretch of its Chapter 11 reorganization in Houston, with a confirmation hearing scheduled for April 22nd
FAT Brands Sale Process - April 24th Bid Deadline
A dual-tranche debtor-in-possession facility totaling up to $307.6 million was approved, and court-approved bidding procedures now set an April 24th bid deadline, an April 27th auction, and a May 8th sale hearing.
Axip Energy Completes 363 Sale in 43 Days for $161 Million
The Court entered the sale order on April 6th, approving the transfer of substantially all assets to stalking horse bidder Service Compression for a base purchase price of 161 million dollars, just 43 days after the February 22nd petition date
BlockFills Crypto Brokerage Pursues Dual-Track Restructuring in Delaware
Less than four weeks after filing, the Debtors filed a joint Chapter 11 plan featuring a dual-track toggle mechanism.