Channel Technologies Group LLC

• 10/17/16 Recap: Manufacturer of ceramics, transducers and sonar equipment sold to the US Navy and defense contractors like Northrop Grumman, Lockhead Martin and Raytheon files for chapter 11 to address onerous long-term contracts and attempt an expeditious sale of the business.  
• Jurisdiction: Central District of California
• Capital Structure: $2.86mm secured debt     
• Company Professionals:
  • Legal: Pachulski (Laura Davis Jones, Jeffrey Dulberg, Victoria Newmark, Maxim Litvak)
  • Financial Advisor: CR3 Partners LLC (David Tiffany, Michael Nguyen, Rob Carringer)
  • Claims Agent: Prime Clerk (*docket linked to company name above)
• Other Parties in Interest:
  • Prepetition Secured Creditor/DIP Lender: Blue Wolf Capital Partners
    • Legal: Holland & Knight LLP (John Monaghan, Alan Watson)
  • Northrup Grunman
    • Legal: Gibson Dunn (Sam Newman, Daniel Denny)
  • Lockhead Martin
    • Legal: Hogan Lovells LLP (Christopher Donoho, M. Shane Johnson)

Updated 12/30/16.