Compass Coffee has filed for Chapter 11 bankruptcy to pursue a sale of its business to a strategic buyer, following sustained traffic declines and the closure of its distribution division, supported by $450,000 in DIP financing from an existing stakeholder.
Food52 has filed for Chapter 11 bankruptcy to pursue a sale of its assets after a failed expansion and sudden lender cash sweep triggered a liquidity crisis, supported by a $6.5 million stalking horse bid from America's Test Kitchen and $3.4 million in DIP financing.
United Site Services has filed for a prepackaged Chapter 11 bankruptcy to eliminate $2.4 billion in debt and hand control to its lenders, citing a severe downturn in the construction sector that undermined a previous out-of-court rescue attempt.
Lugano Diamonds filed for Chapter 11 to pursue an asset sale after uncovering an alleged fraud scheme by its former CEO that led to material restatements and loan defaults, with the process anchored by a de facto stalking horse agency agreement and supported by $12 million in DIP financing.
Klöckner Pentaplast has filed for a prepackaged Chapter 11 bankruptcy to eliminate ~€1.3 billion of debt, after securing broad creditor support for a debt-for-equity swap that will hand ownership to its first-lien lenders, backed by a €984 million DIP facility.
Norcold has filed for Chapter 11 bankruptcy amid legacy product-liability burdens and broader industry headwinds, backed by a $13 million DIP to pursue a stalking-horse sale to Dave Carter & Associates.
Office Properties Income Trust filed for Chapter 11 bankruptcy amid office-market headwinds and an overleveraged balance sheet, seeking to cut about $1.1 billion of debt through a prearranged restructuring backed by $125 million in DIP financing.
PrimaLend filed for Chapter 11 amid macro headwinds and rising delinquencies that led to over-advances on its credit facilities, and is pursuing a court-supervised sale process supported by DIP financing from existing senior lenders.
Anthology has filed for Chapter 11 bankruptcy to execute a pre-arranged breakup of the company, driven by an unsustainable debt load from its Blackboard merger and subsequent performance declines, supported by $100 million in DIP financing.
First Brands Group has filed for Chapter 11 bankruptcy to address mounting leverage and liquidity pressures, backed by $1.1 billion in DIP financing.
STG Logistics Files Chapter 11 in District of New Jersey
Neo On First Owner Files Chapter 11 in Northern District of California
Compass Coffee Files Chapter 11 in District of Columbia
Clay Street Commons LLC Files Chapter 11 in Middle District of Tennessee
PPF Gin & Warehouse Files Chapter 11 in Eastern District of Texas
Alpine Corporation Files Chapter 11 in Central District of California
Arbor Valley Nursery Files Chapter 11 in District of Colorado
Trinity Cadillac Files Chapter 11 in District of New Jersey
Lisbon Vista Heights Files Chapter 11 in Southern District of California