Filing Alert: Worldwide Machinery Chapter 11
Worldwide Machinery Group Files Chapter 11 in Southern District of Texas
Worldwide Machinery Group, Inc. and its debtor affiliates⁽¹⁾, a Houston, TX-based heavy-equipment rental company, filed for Chapter 11 protection on Sep. 11 in the U.S. Bankruptcy Court for the Southern District of Texas.
The company reports $100 million to $500 million in both assets and liabilities. The filing indicates that there will be funds available for distribution to unsecured creditors. The case number is 25-90379.
⁽¹⁾ For a complete list of debtor entities, see the Chapter 11 Debtors table.
Chapter 11 Debtors
Top Unsecured Claims
Key Parties
Counsel:
- Charles R. Koster
- White & Case LLP
- Email: charles.koster@whitecase.com
Financial Advisor / CRO:
- Paladin Management Group (Scott Avila)
Investment Banker:
- Piper Sandler & Company
Equity Security Holders:
- Adam Greenberg – 41.3% Equity Interest
- J. Evan Greenberg – 41.3% Equity Interest
- Caspian and affiliates – 10.0% Equity Interest
- Other Minority Holders – 7.4% Equity Interest
Bondoro Insights is continuing to monitor this case and will provide further coverage as appropriate.
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