Bondoro Insights: Weekly Docket Update

This Week's Key Filings

Pacifica of the Valley Corporation

• Case Summary
  • Pacifica of the Valley Corporation (dba Pacifica Hospital of the Valley) filed for Chapter 11 amid a severe liquidity crisis driven by delayed and reduced government reimbursements, unrecovered COVID-19 surge costs, approximately $9 million in accrued seismic-retrofit fines, and legacy obligations including a $35 million Main Street loan. These pressures were compounded by Colorado litigation in which Axios Capital Solutions and the court-appointed Special Monitor sought to place the hospital into receivership. The Debtor intends to preserve its going-concern value and pursue a turnaround under newly appointed Chief Restructuring Officer Peter Chadwick of Berkeley Research Group.

SynergenX Legacy Holdings, LLC

• Case Summary
  • SynergenX filed for Chapter 11 after a prolonged period of default under its senior credit agreement. According to the Company's declaration, its senior lenders—Chatham Capital Management and JP Morgan Asset Management, through affiliated entities—declared covenant defaults but neither accelerated the debt nor cured the defaults, leaving the Company in default at a rate exceeding 17% while restricting payments to its junior lender and tax distributions to equity holders. Although revenue increased to approximately $168 million in 2025, EBITDA declined from $28.5 million to $12.3 million, and total liabilities of approximately $146 million exceeded total assets of roughly $118 million, leaving the Company with negative book equity. After both refinancing efforts and a proposed sale to Future Standard failed, and with certain insurers withholding reimbursements pending claim audits, the Company filed Chapter 11 seeking authority to use senior and junior lenders' cash collateral to fund operations and preserve going-concern value.

Camp Mystic, LLC

• Case Summary
  • Camp Mystic has filed for Chapter 11 bankruptcy following the catastrophic July 4, 2025, flood that killed 27 campers and counselors — one of whom remains missing — along with the Camp's longtime director and co-owner, Richard "Dick" Eastland, forced the cancellation of its 2026 season, and gave rise to five wrongful-death lawsuits, seeking to resolve flood-related claims in a single forum through a claims and plan process supported by the marshalling of available insurance.

Rosland Capital LLC

• Case Summary
  • Rosland Capital has filed for Chapter 11 bankruptcy after a multi-year decline in profitability — gross margins fell from roughly 18.4% to 8.7% and cumulative net losses exceeded $24 million from 2022 through 2025 — that was sharply worsened by a historic surge in gold prices, which created an unmanageable order backlog and left the Debtor owing approximately $49 million in deferred revenue and an $11.8 million buy-back backlog to customers. Facing SEC and New York Attorney General investigations, the Debtor is pursuing a liquidating wind-down led by CRO Michael Hogan of Armanino Advisory.

DISH DBS Corporation

• Case Summary
  • DISH DBS Corporation, DISH Wireless L.L.C., and certain affiliated debtors have filed prepackaged Chapter 11 cases to address years of pay-TV subscriber erosion from cord-cutting, a looming July 2026 note maturity DBS lacked the liquidity to repay, and more than $6 billion in claims against the DISH Wireless Debtors stemming from the FCC-directed sale of EchoStar's wireless spectrum and the ensuing decommissioning of the 5G network, pursuing a dual-track path that pairs a prepackaged balance-sheet restructuring reducing the DBS Debtors' funded debt from $9.75 billion to $5.0 billion with a court-supervised sale and wind-down of the DISH Wireless Debtors' assets, backed by a restructuring support agreement from more than 88% of DBS noteholders and a proposed junior DIP facility of up to $85 million from indirect parent EchoStar.
• Bidding Procedures / APA Summary
  • The DISH Wireless Debtors filed an emergency motion to establish bidding procedures for a sale of substantially all of their assets, designating indirect parent EchoStar as the stalking horse bidder under an asset purchase agreement providing for a $300 million cash purchase price, reduced by outstanding DIP obligations owed to EchoStar, plus assumption of certain liabilities, with no break-up fee or expense reimbursement, and proposing an Aug. 10 bid deadline and Aug. 12 auction ahead of an Aug. 17 sale hearing before Judge Christopher M. Lopez in the Southern District of Texas.
• DIP Terms
  • The DISH Wireless Debtors sought final approval of an up-to-$85 million secured superpriority, multi-draw DIP term loan facility for borrower DISH Wireless L.L.C. from its affiliate/parent EchoStar Corporation—which also agreed to serve as stalking horse bidder—to fund the orderly decommissioning of wireless infrastructure, the administration of the cases, and the RSA-contemplated sale process, priced at 11.50% PIK interest and maturing December 31, 2026, under which EchoStar may credit bid its outstanding DIP obligations against the $300 million cash portion of its purchase price.
• Plan / RSA Terms
  • DISH DBS Corporation, DISH Wireless L.L.C., and their affiliated debtors propose a joint prepackaged Chapter 11 plan premised on a March 19, 2026 restructuring support agreement among the Company Parties, EchoStar, DNC, the Release Parties, and the Consenting Creditors. The Plan effects a bifurcated restructuring: the DBS Debtors reorganize, with holders of the secured notes and the 2028/2029 senior notes receiving Amended Notes and the 2026 Senior Notes paid in full in cash, funded by cash on hand and a DBS Cash Sweep of 2021 intercompany loan proceeds, while the DISH Wireless Debtors pursue a sale of their assets through a court-approved sale process with EchoStar as initial stalking horse bidder, backed by an EchoStar-provided DIP facility, followed by a wind down. DISH Wireless general unsecured claims receive a pro rata share of the DISH Wireless Distributable Value, with holders asserting Covered Claims eligible to elect recovery from the $2.4 billion EchoStar-funded FCC Trust; the DWLLC intercompany-loan claim, held by a DWLLC Claims Trust for the 2028/2029 noteholders and subject to a $300 million recovery cap, is routed through that trust for the benefit of those noteholders. Separately, consummation of the AT&T assignment of EchoStar’s 3.45 GHz and 600 MHz spectrum licenses triggers DNC’s repayment of the 2021 Intercompany Loan payments to DBS and redemption of the outstanding DNC Notes, while the FCC Trust Contribution is funded from AT&T transaction proceeds.

Goldenpeaks Poland Holding Limited

• Bidding Procedures / APA Summary
  • GoldenPeaks obtained approval of bidding procedures to sell substantially all of its solar and battery energy storage assets, designating Bid Administrator LLC and funds managed by Brookfield Asset Management (its DIP lender) as the stalking horse bidder with the right to credit bid outstanding DIP obligations of approximately $114.9 million (as of July 3), subject to a $3 million expense reimbursement but no break-up fee, ahead of a July 27 bid deadline and July 30 auction leading to an Aug. 4 sale hearing.

Finch Therapeutics Group, Inc.

• Plan Terms
  • Finch Therapeutics' combined disclosure statement and Chapter 11 plan centers on an auction-driven sale of substantially all assets—principally its patent portfolio and related patent-litigation rights—to the Ferring Purchaser for $30 million in cash. The Ferring bid bested back-up bidder Crestovo's fully backstopped rights offering and leaves all creditor classes unimpaired, with residual cash to impaired FTG equityholders whose interests are cancelled on the Effective Date. The plan uses no DIP financing, relying instead on roughly $3.5 million of cash on hand and the sale proceeds.

Sleep Number Corporation

• Bidding Procedures Summary
  • Sleep Number obtained approval of bidding procedures to sell all or substantially all of its assets, designating SNBR, an affiliate of Sleep Country Canada, as the stalking horse bidder under a June 12 asset purchase agreement providing a 3% break-up fee and expense reimbursement of up to $4 million, ahead of a July 8 bid deadline, July 13 auction, and July 15 sale hearing.

GBI Services, LLC

• Plan Terms
  • Golf Services Wind Down, LLC (f/k/a GBI Services, LLC) and its affiliated debtors — the former Nicklaus Companies enterprise — propose a joint Chapter 11 plan of liquidation built around two already-consummated sales: the sale of the core golf-course design and brand-licensing business to Nicklaus- and Milstein-backed 20 Majors for $35.7 million, and a separate sale of the estate's Gulfstream G-V aircraft to Global Destinations for approximately $7.4 million. Proceeds of the WholeCo sale repaid the Milstein-affiliated FundNick DIP facility in full, and a court-approved settlement embedded in that sale reduced the Milstein-controlled Prepetition Junior Term Loan Lender's asserted claim (roughly $462 million outstanding as of the Petition Date) to an allowed $250 million non-priority unsecured claim, secured Mr. Nicklaus' waiver of his approximately $57 million claim, and provided for the cessation and dismissal of all related litigation (including the Adversary Proceeding). Holders of allowed general unsecured claims share pro rata in residual cash and reserves, all equity interests are cancelled, and the estates are wound down by Plan Administrator L. Spencer Wells

Diocese of Alexandria

• Plan Terms
  • The Diocese of Alexandria’s plan of reorganization effects a going-concern restructuring built around a two-track Toggle Plan Mechanism that channels Putative Abuse Survivor Claims into a Plan Trust. Under the consensual Release Plan Toggle, the trust is funded by a $5.4 million Settlement Payment — $3 million in cash plus a three-year, non-interest-bearing $2.4 million Plan Trust Note secured by a mortgage on the Diocesan Office — supplemented by a minimum $300,000 Former Alexandria Parish Cash Contribution, PCE cash contributions, and assigned insurance interests, all exchanged for third-party releases of the Participating Catholic Entities. If the Release Plan Toggle Conditions are not met, the Liquidation Value Plan Toggle applies automatically, defaulting to a $4.825 million liquidation-value payment (together with the Assigned Reorganized Debtor Insurance Interests) that strips out those releases and non-debtor contributions. The structure is backstopped by a channeling injunction, while Class 1 (Southern Heritage Bank) is paid in full, Class 3 convenience claims recover 95%, and Class 4 general unsecured claims recover 25%.

Spanish Broadcasting System, Inc.

• Plan Terms
  • Spanish Broadcasting System’s pre-packaged Chapter 11 plan, supported by a Restructuring Support Agreement with its consenting noteholders, effects a balance-sheet restructuring whereby holders of approximately $310 million in 9.750% senior secured notes due 2026 exchange their claims for 100% of reorganized SBS’s new common stock (subject to dilution by a management incentive plan reserving up to 10% of equity) and up to $70 million of new 9.750% senior secured notes due 2030, facilitated by a $30 million super-priority DIP term loan that the Required DIP Lenders may elect to convert into new superpriority secured notes in lieu of cash repayment, with consummation conditioned on FCC approval of the transfer of control over the debtors’ broadcast licenses.

Conscious Content Media, Inc.

• DIP Terms
  • Conscious Content Media obtained final approval from the U.S. Bankruptcy Court for the District of Delaware for a $10 million senior secured, priming, super-priority DIP term loan facility from [212]Media, LLC, combining a $3.24 million new-money component with a $6.76 million cashless, dollar-for-dollar roll-up of prepetition DIP Bridge Loans, priced at 14% per annum compounded annually with a payment-in-kind option and convertible into equity (New Preferred Equity, Series A) of the reorganized company.

Crosby Marine Transportation, LLC

• Bidding Procedures Summary
  • Crosby Marine Transportation, LLC filed an expedited motion to approve stalking horse bidding procedures for the sale of some or all of their assets, authorizing but not obligating the designation of one or more stalking horse bidders by a July 29 outside date and offering bid protections including a break-up fee not to exceed 3.0% of the purchase price, while proposing an Aug. 7 bid deadline ahead of an Aug. 13 auction, with the DIP lender JMB Capital Partners Lending, LLC and pre-petition vessel lenders permitted, subject to specified conditions, to credit bid their claims under section 363(k) of the Bankruptcy Code.

Simply Interior Homes, LLC

• DIP Terms
  • Simply Interior Homes obtained final approval for a $15 million senior secured superpriority DIP facility — with Great Rock Capital Partners Management, LLC as administrative and collateral agent and GRC SPV Investments, LLC and Wingspire Capital, LLC as lenders — comprising a $5 million revolving new-money tranche and a second-out roll-up of prepetition obligations at a 3:1 ratio capped at $10 million, priced at Adjusted Term SOFR plus 7.50% and maturing September 30, 2026, to fund a dual-track liquidation and going-concern sale process.

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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