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.
Omnicare has filed for Chapter 11 bankruptcy following a $949 million legal judgment, supported by $110 million in DIP financing to pursue a dual-track sale or reorganization.
Worldwide Machinery Group has filed for Chapter 11 bankruptcy to consummate a going-concern sale after its senior lenders undermined the process by pursuing a side deal to sell their defaulted loan to a liquidator.
US Magnesium has filed for Chapter 11 bankruptcy to facilitate a sale of its shuttered operations, after a catastrophic equipment failure and a lithium market collapse triggered a massive legal judgment and an existential lease dispute with the State of Utah.
Anderson Hay Files Chapter 11 in Eastern District of Washington
The Stephan Company Files Chapter 11 in Middle District of Florida
100 McKnight Owner LLC Files Chapter 11 in Northern District of Illinois
Nguyen Win Properties Files Chapter 11 in Northern District of Oklahoma
PosiGen Files Chapter 11 in Southern District of Texas
Clearside Biomedical Files Chapter 11 in District of Delaware
American Signature Files Chapter 11 in District of Delaware
SpiriTrust Lutheran Files Chapter 11 in Middle District of Pennsylvania
Orange Courier Files Chapter 11 in Central District of California