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.
10/4/16 Recap: private integrated midstream oil and gas services provider files for chapter 11 to re-invigorate and effectuate a failed (363) sale process prior to filing.
10/3/16 Recap: Operator of 123 farm-sourced self-serve restaurants under the Souplantation & Sweet Tomatoes brands seeks expedited sale after suffering cash flow pressure from sector headwinds, workers' comp liability, minimum wage and health benefit pressures and rent increases.
Ares Capital Corporation, Beach Point Capital, Sun Capital
UCC:
Legal: Kelley Drye & Warren LLP (Lauren Schlussel, Jason Adams, Eric Wilson, Scott Fleisher, Charlie Liu) & (local) Drinker Biddle & Reath LLP (Steven Kortanek, Joseph Argentina, Robert Malone)
Financial Advisor: Province Advisors (Paul Huygens, Thomas Jones, Carol Cabello, Jorge Gonzalez, Jin Dong)
10/1/16 Recap (updated 11/29/16): Fast casual chain seeks expedited asset sale to stalking-horse lenders (who had agreed not to credit bid their debt). Outcome: no competing bid came in and so the company sold to the stalking horse bidder for $10mm, including, in the end, a credit bid, after all.
