NLC Energy Denmark, an affiliate of NLC Energy, filed for Chapter 11 to reject its long-term offtake contract with the University of California and restructure over $75M of senior secured notes through a prepackaged plan, after years of production underperformance and operating losses.
Partners Pharmacy has filed for Chapter 11 bankruptcy to pursue a lender-led 363 sale after failed out-of-court efforts, supported by a $6.5 million DIP and a $51 million stalking horse credit bid from affiliate CS One.
IMG Holdings, parent of Dana Classic Fragrances, filed for Chapter 11 to pursue a 363 sale backed by a $3M stalking horse bid from Fragrance Xtreme and a $500K DIP facility.
TPI Composites has filed for Chapter 11 bankruptcy to implement a lender-led reorganization amid macroeconomic headwinds and operational setbacks, backed by a $27.5 million new-money DIP and a $55 million roll-up.
Claire’s has filed for Chapter 11 bankruptcy for the second time in seven years amid sustained brick-and-mortar headwinds and macroeconomic pressures, launching store-closing sales while pursuing a dual-track process for a going-concern sale or full-chain liquidation.
Wellmade Performance Flooring has filed for Chapter 11 bankruptcy to stay a lender-initiated foreclosure and pursue a going-concern 363 sale following a March labor-trafficking probe, supported by $4 million in DIP financing.
Avant Gardner, owner of The Brooklyn Mirage, filed for Chapter 11 bankruptcy to pursue a lender-led 363 sale after renovation delays disrupted peak-season operations and triggered a liquidity crisis, supported by $45.8 million in DIP financing.
Desktop Metal has filed for Chapter 11 bankruptcy following multiple note defaults, sustained cash burn, and a value-destructive merger, with the case initially funded by a $10 million foreign asset sale and a court-supervised auction in progress for its U.S. business.
Valves and Controls US Inc., a non-operating Weir Group subsidiary, filed for Chapter 11 to implement a liquidation trust after insurance exhaustion left it directly liable for asbestos-related claims.
Wag! has filed for Chapter 11 bankruptcy to implement a prepackaged plan equitizing $16.3 million in secured debt and transferring control to its sole secured lender, following failed sale and refinancing efforts.
Houweling's Arizona Files Chapter 11 in District of Arizona
Allstar Properties I Files Chapter 11 in Northern District of Georgia
The Innovative Technologies Group & Co. Files Chapter 11 in District of Maryland
MVP Group Files Chapter 11 in Southern District of Florida
J.R. Butler Files Chapter 11 in District of Colorado
Walker Edison Files Chapter 11 in District of Delaware
Complemar Files Chapter 11 in Western District of New York
Try Trout and Industrial Files Chapter 11 in Eastern District of California
Pipeline Construction & Maintenance Files Chapter 11 in Western District of Louisiana