Catalyst Paper Obtains Extension to CCAA Protection
Catalyst Paper announced that it has obtained an order from the Supreme Court of British Columbia extending its protection under the Companies’ Creditors Arrangement Act to June 30, 2012.
Catalyst Paper announced that it has obtained an order from the Supreme Court of British Columbia extending its protection under the Companies’ Creditors Arrangement Act to June 30, 2012.
Coach America Holdings announced that it has re-scheduled the sale auction date related to its Chapter 11 proceedings to April 25, 2012.
BGC Partners announced the closing of its acquisition of assets of Grubb & Ellis Company, following the recent approval of the transaction by the U.S. Bankruptcy Court for the Southern District of New York.
An affiliate of Versa Capital Management completed its acquisition of the assets of United Retail Group (URG). With the completion of the sale, the new company, Avenue Stores, has acquired all the assets of URG. Avenue Stores has financing with capital from Versa’s $650 million fund and a $50 million credit facility led by Wells Fargo.
NBC Acquisition and its subsidiaries, including Nebraska Book Company, received approval of the Disclosure Statement for the Third Amended Plan of Reorganization from the U.S. Bankruptcy Court for the District of Delaware.
GA Keen Realty Advisors solicited and structured a joint venture to fund a $27 million plan of reorganization and more than $25 million for the renovation of the Closter Plaza Shopping Center in Closter, NJ.
Reddy Ice Holdings announced that is intends to file for Chapter 11 protection in Texas. The company has received commitments from Macquarie Bank for $70 million in debtor-in-possession financing.
A Furniture Today article said that bankrupt retailer RoomStore Inc. has found a buyer for its ten Texas locations. Rooms To Go will pay about $2 million for the locations, the article said.
Levine Leichtman Capital Partners will act as the stalking-horse bidder in the sale of substantially all of DRI’s businesses and assets.
Hogan Lovells announced that it is expanding its U.S. Business Restructuring and Insolvency practice with the addition of Peter Ivanick as a partner in New York. Ivanick will also be working closely with the Corporate and Regulatory Insurance practices.