Filip Technologies Inc.

10/8/16 Recap: NYC-based maker of cloud-based location software and wearable watch hardware for kids files for chapter 11 bankruptcy to effectuate an expedited sale to potential White Knight stalking horse bidder while receiving DIP financing from AT&T.
Jurisdiction: D. of Delaware
Capital Structure: $480k secured debt (AT&T), $125k unsecured debt, $3.1mm unsecured convertible notes
Company Professionals:
- Legal: Moore & Van Allen (Zachary Smith & Hillary Crabtree) & (local) Bielli & Klaudner LLC (David Klaudner)
- Financial & Restructuring Advisor: Ankura Consulting LLC (Roy Messing, Michael Swetz, Margaret Brennan, John Rapisardi)
- Investment Banker: Widebridge Group
- Claims Agent: KCC
Other Parties in Interest:
- DIP Agent: AT&T Capital Services
  - Legal: Sidley Austin LLP (Michael Burke, Brian Lohan) & (local) Morris Nichols (Derek Abbott, Daniel Butz)
- Creditor: Aricent Holdings Luxembourg Sarl
  - Legal: Pepper Hamilton (Todd Feinsmith, Evelyn Meltzer)

Updated 12/30/16