Orchard Supply Files Chapter 11, Lowe’s Bids for Assets

Lowe’s has entered into an asset purchase agreement with Orchard Supply Hardware, which filed Chapter 11, in a transaction expected to be consummated under a Section 363 subject to an auction and court approval.

Wells Fargo, Wayzata Support Ormet Sale with DIP Facility

Ormet said it signed an asset purchase agreement with a portfolio company of Wayzata Investment Partners in connection with a proposed restructuring of Ormet. Wells Fargo and Wayzata are providing $90 million of DIP financing to support the agreement.