BowFlex Inc. has entered into a purchase agreement with Johnson Health Tech Retail, Inc. (the “Stalking Horse Bidder”) to serve as the stalking horse bidder to acquire substantially all of the assets of the Company for $37,500,000 in cash at the...
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March 05, 2024, 08:02 AM
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Near Intelligence, a privacy-led data intelligence company, announced that it and certain of its subsidiaries (collectively, the “Debtors”) have voluntarily initiated a Chapter 11 proceeding in the United States Bankruptcy Court for the District of...
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December 11, 2023, 07:07 AM
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Eclipse Business Capital (“EBC”) financed a $125 million senior secured debtor-in-possession (“DIP”) revolving credit facility to a mattress manufacturer.The credit facility is secured by accounts receivable and inventory. The transaction facilitates...
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February 07, 2023, 07:43 AM
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Taking issue with a judge's ruling against the company in a dispute with bondholders, a defiant Windstream Holdings, Inc. announced that it and all of its subsidiaries have filed voluntary petitions for reorganization under Chapter 11 of the U.S....
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February 26, 2019, 08:28 AM
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PG&E Corp., which is slated to file Chapter 11 on Jan. 29, announced that it entered into a commitment letter for debtor-in-possession financing with JPMorgan Chase Bank, N.A, Bank of America, N.A., Barclays Bank PLC and Citigroup Global Markets Inc....
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January 23, 2019, 07:33 AM
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Mattress Firm, Inc., the nation’s leading specialty mattress retailer, announced that it is taking action to strengthen its balance sheet and optimize its store footprint. To achieve these objectives, the Company and its subsidiaries today filed...
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October 08, 2018, 08:01 AM
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Hooper Holmes, Inc. d/b/a Provant Health announced that it has entered into an asset purchase agreement with Summit Health, Inc., a subsidiary of Quest Diagnostics, a provider of diagnostic information services.Under the asset purchase agreement...
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August 29, 2018, 08:00 AM
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Moody's Investors Service assigned ratings to four debtor-in-possession ("DIP") credit facilities of affiliated entities of Toys 'R' Us, Inc. Ratings are outlined below:
Toys 'R' Us-Delaware, Inc. (DIP)
$1.85 billion DIP ABL revolving credit...
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November 20, 2017, 07:00 AM
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Toys"R"Us, Inc. announced that the U.S. Bankruptcy Court for the Eastern District of Virginia entered a final order granting the company authority to access the full amount of its more than $3.0 billion in debtor-in-possession (DIP) financing. The...
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October 26, 2017, 08:00 AM
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The Puerto Rico Electric Power Authority (PREPA) Bondholder Group announced that its members have offered a debtor in possession (DIP) financing loan to the Puerto Rico Electric Power Authority (PREPA) to help address the urgent need for repairs to...
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September 28, 2017, 07:00 AM
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Toys“R”Us, Inc. announced that the company and certain of its U.S. subsidiaries and its Canadian subsidiary have voluntarily filed for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the Eastern District of Virginia in...
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September 19, 2017, 07:35 AM
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