Vanderbilt Minerals has filed for Chapter 11 bankruptcy to sell its assets to stalking horse bidder Commodore Materials for $50 million, driven by over $117 million in legacy talc-related litigation liabilities and recent adverse jury verdicts, supported by $15 million in DIP financing.
FLOAT Alaska has filed for Chapter 11 bankruptcy to liquidate its assets after ceasing all operations, following the collapse of its transpacific strategy due to Russian airspace closures, regional competitive pressures, and the subsequent failure of its domestic and charter pivots.
Tonopah Solar Energy has filed for Chapter 11 bankruptcy to pursue a Section 363 sale of its concentrated solar power facility, following chronic technical failures that necessitated a permanent capacity reduction.
Saks Global has filed for Chapter 11 bankruptcy following a liquidity crisis triggered by its $2.7 billion Neiman Marcus acquisition, which saddled the luxury retailer with unsustainable debt and strained vendor relationships.
STG Logistics has filed for Chapter 11 bankruptcy to pursue a dual-track sale or recapitalization, following a severe freight market downturn and liquidity constraints despite a prior refinancing, supported by $294 million in DIP financing.
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.
Friedenbach Family Farms Files Chapter 11 in Eastern District of California
Scotland Development Files Chapter 11 in Middle District of North Carolina
Sixty Sixty Resort Owner Files Chapter 11 in Southern District of Florida
Mare Island Dry Dock Files Chapter 11 in Eastern District of California
Vanderbilt Minerals Files Chapter 11 in Northern District of New York
Avenger Flight Group Files Chapter 11 in District of Delaware
2275 Sunset Plaza LLC Files Chapter 11 in Central District of California
AR Galleria Owner Files Chapter 11 in Central District of California
PersonalRX Files Chapter 11 in District of New Jersey