An ad hoc group of lenders in the Chapter 11 case of an omnichannel video conferencing solutions provider. The ad hoc group of lenders provided debtor-in-possession financing and allowed the use of cash collateral. The Bankruptcy Court for the Southern District of Texas authorized a 363 sale of the business to a strategic buyer.
Ad hoc group of lenders to a large U.S.-based commercial bank in the Chapter 11 case of an operator of both digital and brick-and-mortar, full-service specialty pharmacies. The matter resulted in a successful section 363 sale of substantially all of the debtor’s assets to a large multinational pharmacy and retail operator.
(Bankr. D. Del.) Counsel to CalPlant I Holdco, LLC and CalPlant I, LLC in their chapter 11 bankruptcy cases. CalPlant is nearing completion of the world’s first manufacturing plant capable of producing medium density fiberboard using rice straw as feedstock. CalPlant filed for chapter 11 in October 2021 to conduct a marketing process for substantially all of its assets and/or restructure approximately $380 million in secured debt.
Lead counsel to the receiver of Columbia Pulp I, LLC, one of North America’s first producers of wheat straw pulp, which is used as sustainable feedstock for paper and packaging products. Columbia Pulp entered receivership upon an action of the trustee for the holders of the company’s senior secured bonds in order to pursue a restructuring of approximately $240 million in secured debt.