Bondoro Insights: Weekly Docket Update

This Week's Key Filings

Compass Coffee, LLC (Filed Jan. 6)

• Bidding Procedures – Published Jan. 20
  • Compass Coffee filed a motion to establish bidding procedures for a sale of substantially all assets, proposing a Feb. 12, 2026, bid deadline and Feb. 17, 2026, auction, while requesting authority to designate a stalking horse bidder by Jan. 22, 2026, eligible for bid protections capped at an aggregate 4% of the cash purchase price.

Car Toys, Inc. (Filed Aug. 18)

• Liquidation Plan Terms – Published Jan. 20
  • Car Toys' liquidation plan distributes $12.2 million in seller note proceeds from the court-approved sale of 33 stores, allocating 80% to secured lender Daniel Brettler and 20% to general unsecured creditors after satisfaction of administrative and DIP claims.

F-Star Socorro, L.P. (Filed Nov. 4)

• DIP Terms – Published Jan. 20
  • F-Star Socorro sought approval for a $32 million junior secured superpriority replacement DIP facility from B.H. Capital Ventures, split between an $8 million interim draw to repay existing Sandton DIP obligations and a $24 million delayed-draw tranche accessible upon entry of a final order, priced at 10% cash plus 10% PIK interest and subject to a 1.25x equity multiple payable upon repayment.

Groff Tractor Mid Atlantic, LLC (Filed Oct. 14)

• DIP Terms – Published Jan. 20
  • Groff Tractor secured final approval for a $78.2 million M&T-led DIP facility, ratifying $75.5 million in prepetition obligations and providing $2.7 million in new money tied to sale milestones, with interest at Base Rate plus 7% and a January 31, 2026 maturity.

TPI Composites, Inc. (Filed Aug. 11)

• Amended Advance Agreement Summary – Published Jan. 20
  • TPI Composites obtained approval of an amended advance agreement with Vestas Wind Systems that provides near-term liquidity and establishes terms for a free and clear sale of certain inventory and materials satisfied by a credit of advances, while granting Vestas exclusivity regarding a potential acquisition of certain Mexican and Indian assets for which Vestas previously submitted a qualified bid.

Dynacq Healthcare, Inc. (Filed Dec. 8)

• Bidding Procedures Summary – Published Jan. 20
  • Dynacq Healthcare obtained approval of bidding procedures to sell substantially all assets, authorizing the designation of a stalking horse bidder by Jan. 31 ahead of a Feb. 10 bid deadline and Feb. 18 auction.

Saks Global Enterprises LLC (Filed Jan. 14)

• DIP Terms – Published Jan. 20
  • Saks Global obtained interim approval for a comprehensive financing package comprising a $1.5B BofA-led ABL with a creeping roll-up and U.S. Bank-administered multi-tranche term loans providing $1B of new money.
• Case Summary – Published Jan. 14
  • Saks Global has filed for Chapter 11 bankruptcy to right-size its capital structure and restore vendor relationships after an acquisition-driven liquidity crisis constrained inventory flows, securing nearly $1.75 billion in new-money financing to support operations and a reorganization.

Tedder Industries, LLC (Filed Dec. 8)

• DIP Terms – Published Jan. 19
  • Tedder Industries filed an emergency motion seeking approval for a $700,000 super-priority priming DIP facility from Main Street Capital Corporation structured as a draw under the debtor’s existing $2.3 million prepetition revolving facility, priced at 12% interest and maturing on the earlier of an asset sale, plan confirmation, or April 9, 2026.

Hudson 1701/1706, LLC (Filed Oct. 22) 

• DIP Terms – Published Jan. 19
  • Hudson 1701/1706, LLC obtained final approval for a $32.8 million super-priority DIP facility from Parkview Financial REIT that features a dollar-for-dollar rollup of prepetition secured obligations simultaneous with the funding of new money draws, carrying 12% PIK interest and maturing 12 months post-petition.

Sailormen, Inc. (Filed Jan. 15)

• Case Summary – Published Jan. 15
  • Sailormen has filed for Chapter 11 bankruptcy to prevent the appointment of a federal receiver sought by its senior lender, BMO Bank, following a year of operational losses, restaurant closures, and liquidity strain driven by macroeconomic headwinds.

STG Logistics, Inc. (Filed Jan. 12)

• DIP Terms – Published Jan. 15
  • STG Distribution obtained interim approval for a $293.75 million super-priority DIP facility administered by Wilmington Savings Fund Society that structures a $143.75 million rollup of prepetition first-out and second-out debt alongside a $150 million new-money component carrying 8% PIK interest.

About Bondoro Insights Summaries

Our goal with Bondoro Insights is to provide you with faster, broader coverage on active Chapter 11 cases. These summaries are generated by Bondoro's proprietary AI, tuned on our historical coverage and validated against source filings. While accuracy is a priority, they are intended for immediate informational purposes, may contain errors, and are not a substitute for professional or legal advice. Please refer to the source filings for definitive information.

This AI-powered coverage is designed to supplement our comprehensive, analyst-written case summaries.

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