Filing Alert: TRM NRE Chapter 11

TRM NRE Holding LLC and its debtor affiliate⁽¹⁾, a Mount Vernon, IL-based global provider of locomotive, marine, and engine services, specializing in remanufacturing, rebuilds, repair, modernization, and maintenance, filed for Chapter 11 protection on Apr. 21 in the U.S. Bankruptcy Court for the District of Delaware.

The company reports $10 million to $50 million in both assets and liabilities. The filing indicates that there will be funds available for distribution to unsecured creditors. The case number is 26-10568.

⁽¹⁾ TRM NRE Acquisition LLC.

Top Unsecured Claims

Key Parties

Counsel:

• R. Craig Martin
  DLA Piper LLP (US)
  Email: [email protected]

Bankruptcy Co-counsel:

• Bayard, P.A.

Independent Manager:

• Adam Paul

Signatories:

• Shaun Karn – Authorized Signatory

Claims Agent:

• Stretto, Inc.

Equity Security Holders:

• TRM Equity Fund II LP – 75% Equity Interest
• SH Ventures – NRE, LLC – 25% Equity Interest

Bondoro Insights is continuing to monitor this case and will provide further coverage as appropriate.

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