Bankruptcy & Restructuring News & Analysis — Conductor
Multi-Color Corporation Files Prepackaged Chapter 11 to Reduce Debt by $3.9 Billion
Multi-Color Corporation, a global label manufacturer with $5.9 billion in debt, filed for Chapter 11 bankruptcy with a prepackaged plan that will eliminate $3.9 billion in debt while leaving general unsecured creditors unimpaired
Bankruptcy Court Rejects Union Challenge to $28 Million Gaming Asset Sale
Bankruptcy court denies Teamsters Local 117's challenge to $28 million gaming asset sale, ruling courts have authority to approve sales free and clear of successor liability claims under Section 363(f) of the Bankruptcy Code
Texas Wind Farm Files for Bankruptcy After Winter Storm Uri Creates $103 Million in Hedge Obligations
Shannon Wind, LLC filed for Chapter 11 bankruptcy seeking to sell its 204.1 megawatt Texas wind farm after Winter Storm Uri created $102.9 million in hedge obligations to Citigroup Energy Inc., with the company holding low amounts of funded debt at $5.1 million
Virginia Hallmark Store Operator Proposes Full Payment Plan for $20.2 Million in Bankruptcy Claims
Virginia-based Hallmark retail store operator proposes Chapter 11 reorganization plan to pay all $20.2 million in creditor claims in full through 2035
F-Star Socorro Seeks $32 Million Replacement DIP Financing and Authority to Use Cash Collateral for Villa Completion
F-Star Socorro filed emergency motions seeking $32 million in replacement DIP financing from B.H. Capital Ventures and authority to use $4.2 million in cash collateral to complete Ritz-Carlton villa construction