New Filing - DirectBuy Holdings Inc.
DirectBuy Holdings Inc.
- 11/1/16 Recap: E-commerce provider of concierge-based virtual shopping experiences files for bankruptcy to achieve a balance sheet restructuring via sale of the business to proposed stalking horse bidder, Derby SPV Inc.
- Jurisdiction: D. of Delaware
- Capital Structure: $145mm 12% PIK Toggle Notes, $10mm pre-exchange holdover notes.
- Company Professionals:
- Legal: Cole Schotz (Michael Sirota, Norman Pernick, Felice Yudkin, Ilana Volkov, Marion Quirk, Nicholas Brannick)
- Investment Banker: Carl Marks Advisory Group LLC (Charles Boguslaski, C. Scott Chabina, Jonathan Ladner, Parker Condie)
- Claims Agent: Prime Clerk (*click on company name for docket)
- Other Parties in Interest:
- Unsecured Creditors' Committee
- Legal: Saul Ewing LLP (Sharon Levine, Lucian Murley, Aaron Applebaum, Dipesh Patel, Monique DiSabatino)
- Financial Advisor: Emerald Capital Advisors (John Madden)
- Equityholders: Bayside Capital & PennantPark Investment Corporation
- Legal: Weil (Brian Rosen, Debora Hoehne) & (local) Pepper Hamilton (David Stratton)
- Unsecured Creditors' Committee
Updated 12/30/16.