Bankruptcy & Restructuring News & Analysis — Conductor

Village Roadshow secured a dramatically higher $417.5 million stalking horse bid from Alcon Media for its film library assets, representing a $52.5 million increase over the original offer in its bankruptcy proceedings. The improved bid emerged from a competitive process that demonstrates strong market interest in the company's valuable entertainment assets

Global Clean Energy Holdings has filed for Chapter 11 bankruptcy with a $2.1 billion pre-negotiated restructuring plan after facing years of construction delays at its Bakersfield renewable diesel facility and regulatory uncertainty in the biofuels market. Despite finally becoming operational in December 2024, the company's financial distress requires court protection to reorganize its debt while continuing its vertically integrated "farm-to-fuel" operations

Edgio Inc. has filed a motion in Delaware bankruptcy court seeking approval to dissolve its French and Dutch subsidiaries as it finalizes its restructuring following multiple asset sales. The company, which has already sold its core businesses, states these foreign entities no longer conduct business activities and are unnecessary for future operations of its remaining Uplynk platform

Bankrupt retailer Conn's has filed an emergency motion to pay certain vendors 30 cents on the dollar for goods received shortly before its bankruptcy filing. The company warns that without court approval of this plan, it cannot guarantee any payments to these vendors or confirm a liquidation plan

A major creditor of Brightmark's plastic recycling venture is seeking to dismiss the company's Chapter 11 bankruptcy, claiming it was filed in bad faith solely to prevent bondholders from exercising their rights. UMB Bank, representing $185 million in green bond investors, argues the case is merely a two-party dispute with no legitimate reorganization purpose