Bondoro Insights: Weekly Docket Update

This Week's Key Filings

GoHealth, Inc.

• Case Summary
  • GoHealth has filed for Chapter 11 bankruptcy to address ballooning debt-service obligations on roughly $772 million of funded debt — whose effective interest rate more than doubled through successive credit-agreement amendments and a post-COVID rise in benchmark rates after its 2020 IPO — compounded by a sharp decline in its Non-Agency Business, reduced Carrier demand for its MA-focused offerings, and a May 2025 DOJ False Claims Act kickback suit, all of which strained liquidity and contributed to a going-concern disclosure in the notes to its second-quarter 2025 Form 10-Q. The Company is pursuing a prepackaged, lender-led change-of-control restructuring that transitions ownership to its secured lenders, converting approximately $174 million of super-priority loans into second-out term loans and approximately $588 million of first lien loans into third-out term loans, while leaving general unsecured creditors and preferred equity unimpaired and providing common stockholders a $10 million cash recovery. The Plan is supported by 100% of the Company's prepetition lenders, together with 61% of Class A common stock and more than 99% of GoHealth Holdings interests, and the Chapter 11 cases are funded by the consensual use of cash collateral.
• Plan Terms
  • GoHealth's prepackaged Chapter 11 plan, supported by 100% of its prepetition lenders, effectuates a change-of-control recapitalization that transfers ownership to its secured lenders, under which holders of approximately $598.3 million of First Lien Claims receive approximately $588.3 million of third-out takeback term loans and new common equity, while holders of approximately $173.9 million of Super-Priority Loan Claims receive second-out takeback debt. The Plan leaves general unsecured creditors and preferred equity unimpaired, funds a $10 million Equity Recovery Pool for common equity holders through a $20 million exit facility, incorporates a TRA amendment designed to avoid change-of-control termination payments, and contemplates customary releases subject to an ongoing independent investigation into potential claims involving parties that have historically held a majority of the Company's equity interests.

Simply Interior Homes, LLC

• Case Summary
  • Simply Interior Homes has filed for Chapter 11 bankruptcy following a chronically undercapitalized carve-out from Keeco, the loss of major retail programs tied to inherited sub-par fill rates, reciprocal tariffs, and a dispute with affiliate Live Comfortably over customer collections and transition services, while pursuing a dual-track going-concern sale and orderly liquidation backed by a $5 million new-money DIP facility.
• Bidding Procedures / Sale Process Summary
  • Simply Interior Homes filed a motion to approve bidding procedures for a going-concern sale of substantially all assets run by Rock Creek Advisors, proposing a July 1 deadline to designate a stalking horse bidder ahead of a July 27 bid deadline and July 30 auction, with the DIP Agent and Prepetition Agent authorized to credit bid applicable secured obligations.
• DIP Terms
  • Simply Interior Homes is seeking interim approval of a $15 million superpriority senior secured asset-based DIP facility administered by Great Rock Capital Partners and funded by GRC SPV Investments and Wingspire Capital, comprising $5 million of new-money revolving commitments alongside a second-out roll-up of prepetition debt at a 3:1 ratio capped at $10 million, priced at Adjusted Term SOFR plus 7.50% cash and maturing September 30, 2026, to fund a value-maximizing sale process and concurrent asset liquidation.

Goldenpeaks Poland Holding Limited

• Case Summary
  • The GoldenPeaks Debtors — 40 entities whose primary assets relate to the group's Polish solar portfolio — have filed for Chapter 11 following the collapse of the wider-group service platform that historically provided the group's integrated services and a severe liquidity crisis that triggered cascading events of default across nearly all of the Company's 20-plus financing facilities. The Debtors seek to establish the Poland Portfolio as an independent operation and preserve optionality for a value-maximizing sale or plan of reorganization, supported by DIP financing from Brookfield, the Company's largest secured lender.
• DIP Terms
  • GoldenPeaks Poland filed an emergency motion seeking interim and final approval of a $162.8 million junior secured superpriority DIP facility administered by Brookfield affiliate BID Administrator LLC, comprising up to $150.7 million in new-money delayed-draw term loans—of which $34.8 million is available upon entry of the interim order—alongside a roughly $12.1 million cashless 1:1 roll-up of the prepetition incremental facilities, all carrying 13% PIK interest, a 1.75x MOIC prepayment premium, and a three-month maturity to fund the Chapter 11 cases and, if elected by the Required DIP Lenders, a sale process targeting an acceptable sale within 30 days of bidding-procedures approval.

SiFi Networks America, LLC

• Case Summary
  • SiFi Networks America has filed for Chapter 11 bankruptcy following its UK parent's decision to halt funding and commence its own insolvency proceeding, and mounting vendor and litigation pressures, pursuing a Section 363 sale anchored by a stalking horse agreement with — and $3.13 million in DIP financing from — ArcLink, an affiliate of PATRIZIA, the German infrastructure investment manager that acquired SiFi's UK parent in April 2026.
• Bidding Procedures Summary
  • SiFi Networks America filed a motion to approve bidding procedures for a sale of substantially all of its assets designating ArcLink Fiber LLC—an insider, DIP lender, and prepetition secured lender of the Debtor, and an affiliate of PATRIZIA, as the stalking horse bidder with a $4.6 million credit bid of DIP and prepetition note obligations. The bid is supported by bid protections including a $200,000 expense reimbursement and a 3% break-up fee, ahead of a July 14, 2026 bid deadline and a July 17, 2026 auction.
• DIP Terms
  • SiFi Networks America filed a motion seeking approval of a $3.13 million new-money, senior secured superpriority delayed-draw DIP facility from ArcLink Fiber, split between a $1.135 million interim draw and a $1.995 million final draw and paired with a roughly $2.2 million roll-up of ArcLink's prepetition secured debt, bearing 10% PIK interest and maturing 120 days after the petition date.

Inotiv, Inc.

• Case Summary
  • Inotiv has filed for Chapter 11 bankruptcy to address an over-leveraged $488.7 million debt load amid intensifying offshore competition, NHP import tariffs, declining government research funding, and material DOJ animal-welfare settlement obligations, pursuing a prepackaged plan that equitizes the majority of its funded debt to cut roughly $325.4 million in liabilities while leaving trade creditors and the DOJ unimpaired, backed by a $65.5 million DIP facility ($25.0 million in new money plus a $40.5 million bridge roll-up) and an RSA supported by lenders holding more than 99% of its first lien debt.
• Plan / RSA Terms
  • Inotiv's prepackaged "straddle" Chapter 11 plan centers on a debt-for-equity swap whereby Holders of Prepetition First Lien Claims convert roughly $315.4 million into 93% of the new equity and exit term loans, while PIK and unsecured convertible noteholders share the Notes Recovery—7% of new equity plus warrants exercisable into 11% of new equity—facilitated by a $65.5 million DIP facility, consisting of $25 million of new money and a $40.5 million Bridge roll-up, with Allowed DIP Claims satisfied on the effective date either in Cash or through a cashless rollover into exit term loans issued under a new senior secured first lien exit term loan facility of up to $150 million. The transaction deleverages the company by approximately $325.4 million, or 66.6% of funded debt, while leaving general unsecured creditors and the DOJ unimpaired and anticipating assumption of all executory contracts and unexpired leases.
• DIP Terms
  • Inotiv obtained interim approval for a $65.5 million superpriority, senior secured and priming DIP facility administered by Acquiom Agency Services that pairs $25 million of new money—available through an initial $16 million draw and up to five subsequent borrowings—with a $40.5 million cashless, dollar-for-dollar rollup of prepetition Bridge Facility delayed-draw term loans, carrying SOFR+11.5% PIK interest and targeting a plan effective date within 50 days of the petition date.

Graboyes, LLC

• Case Summary
  • Graboyes has filed for Chapter 11 bankruptcy following a steep decline in commercial construction bookings, 15-20% spikes in aluminum and glass costs, and disruptive collection efforts by merchant cash advance creditors that froze its receivables, seeking to restructure its operations using cash flow from operations with the support of primary secured lender Truist.

Pearl Capital Management, LLC

• Case Summary
  • Pearl Capital Management has filed for Chapter 11 bankruptcy following a $13 million consent judgment in favor of Solera Pearl and affiliated entities that sparked aggressive collection efforts, seeking to satisfy the judgment through a plan of reorganization while continuing to operate its luxury real estate development business, backed by substantial cash flow and real estate collateral that leaves its secured creditors oversecured.

Saks Global Enterprises LLC

• Plan Terms
  • Saks Global Enterprises' Chapter 11 plan effectuates a going-concern debt-for-equity swap centering on the DIP Conversion of roughly $2.76 billion in DIP term loan claims into new equity and take-back instruments, whereby First Out lenders (Class 3-A) receive Take Back Term Loans plus Take Back Preferred Units while Second and Third Out lenders divide all New Saks Common Stock on a 70/30 basis, all facilitated by an April 2026 restructuring support agreement with consenting DIP term loan lenders, a $1.5 billion Exit ABL facility and up to $500 million in incremental new-money financing, and a UCC settlement seeding a $20 million litigation trust for the benefit of unsecured creditors.

Freshrealm, Inc.

• DIP Terms
  • FreshRealm obtained final approval of a super-priority, multiple-draw DIP facility administered by BGC Lender Rep, combining $18 million of new-money term loans and a $38 million dollar-for-dollar roll-up of first- and second-lien prepetition term debt to fund working capital through a Section 363 sale of substantially all assets ahead of a liquidating Chapter 11 plan.

Shannon Wind, LLC

• APA Summary
  • Shannon Wind obtained approval to sell substantially all assets, comprising its Clay County, Texas wind energy project, to stalking horse bidder 1370 Clean Energy for $129.5 million plus assumed liabilities, after no competing qualified bids emerged and the auction was canceled, with sale proceeds funding payment of allowed prepetition secured obligations owed to Citigroup and Citibank ahead of a June 24 outside closing date.

Wiser Solutions, Inc.

• DIP Terms
  • Wiser Solutions obtained final approval for a $34.2 million superpriority, priming multi-draw DIP term loan facility from Crestline Direct Finance that pairs $11.4 million of new-money loans with a $22.8 million roll-up of prepetition debt at a 2:1 ratio to fund a 363 sale process anchored by a Crestline stalking horse bid, maturing 90 days after the petition date and requiring consummation of the sale by June 30, 2026.

Viridis Chemical, LLC

• Plan Terms
  • Viridis Chemical's liquidating Chapter 11 plan centers on the orderly winddown and distribution of proceeds from a completed $750,000 Section 363 sale of substantially all assets—those of a developer of bio-based ethyl acetate technology—to stalking horse BioUrja Capital, facilitated by largest secured noteholder EIV's waiver of its approximately $12.2 million Secured Notes Claim in exchange for mutual releases, a concession that funds administrative and priority claims in full while lifting sole remaining secured lender IFG's recovery to an estimated $130,000 to $150,000 (versus roughly $24,000 in chapter 7), with a separate $1.5 million Lien Release Cash Pool reserved for mechanic's lienholders contingent upon satisfaction of the Lien Release Condition by June 30, 2026 and unanimous Class 3 approval.

TRM NRE Holding LLC

• DIP Terms
  • TRM NRE secured final approval for a $3 million junior DIP facility from its sponsor — also the holder of the $13.1 million second-lien Sponsor Subordinated Note — that primes those second liens while remaining subordinate to Great Rock Capital's roughly $20.3 million prepetition first-lien debt, maturing October 25, 2026 and repayable only after the prepetition facility's payoff through weekly sweeps of cash exceeding $1 million and proceeds of non-core asset sales including the marine business and other assets at its Paducah, Kentucky facility.

White Rock Medical Center, LLC

• DIP Terms
  • White Rock Medical Center filed an emergency motion seeking interim and final approval of a multiple-draw DIP term loan facility of up to $3 million from White Rock Investors—comprising $2 million committed and a $1 million discretionary tranche—with $1 million authorized on an interim basis, priced at 15% PIK interest (20% default) and maturing September 17, 2026, conditioned on resignation letters from insider Mirza Baig and his family and structured without any roll-up, cross-collateralization, or priming of existing liens, including those of Pipeline Health Systems and SRC Hospital Investments to which the DIP liens are subordinated.

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-led case summaries.

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