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AbitibiBowater
- (05 November) Bond holders support a plan to keep the company intact. The US Bankruptcy Court for the District of Delaware previously approved an Accounts Receivable (A/R) DIP facility for USD 270m.
Aleris
- (30 December) Delaware Bankruptcy Court Judge Brendan Shannon approves motion to extend exclusivity period for filing a plan of reorganization to 07 June 2010.
Aventine Renewables
- (04 January) Aventine seeks approval of its disclosure statement during a 13 January 2010 hearing before Judge Kevin Gross. The company's plan of reorganization considers recapitalizing the company with a new secured bond of around USD 100m backstopped by the ad hoc committee of 10% bond holders and with a new USD 30m working capital revolver. Two objections to the POR have been filed.
Building Materials Holding Corp.
- (17 December) US Bankruptcy Court for the District of Delaware confirmed BMHC's plan of reorganization.
Magna Entertainment
- (06 January) US Bankruptcy Court for the District of Delaware postponed the auction for MEC's Maryland Ventures to 21 January.
Muzak
- (12 January) US Bankruptcy Court for the District of Delaware confirms Muzak's plan of reorganization. The company plans to emerge from Chapter 11 bankruptcy protection by the end of January.
Pacific Ethanol
R. H. Donnelley- (12 January) US Bankruptcy Court for the District of Delaware confirmed R. H. Donneley's plan of reorganization. The debtor anticipates emerging from bankruptcy protection by the end of January.
Six Flags
- (11 December) US Bankruptcy Court Judge Christopher Sontchi approved Six Flags' (Premier International Holdings) disclosure statement.
Smurfit-Stone Container
- (04 January) Smurfit-Stone seeks approval of an exit facility term loan facility and continued use of cash collateral during a 14 January 2010 hearing. A disclosure statement hearing is scheduled for 29 January.
Spansion
- (07 January) Spansion hearing scheduled on $500m new debt offering arranged by Barclays. The Barclays offering is in addition to the Silver Lake-backed $100m equity rights offering.
Visteon
- (21 January) Official Committee of Unsecured Creditors' hearing on motion to conduct discovery of the debtor. Visteon's disclosure statement hearing is scheduled for 28 January.
W.R. Grace
- (04 January) W.R. Grace begins closing arguments on dispute over lender impairment. Arguments will be presented over whether lenders backing a $500m JPMorgan-led unsecured credit facility are impaired in the company's Chapter 11 Bankruptcy case.
Washington Mutual
- (17 December) The US Trustee on 16 December requested the US Bankruptcy Court order the debtor to provide a sort-able list of its equity security holders, following WMI?s noncompliance with previous US Trustee requests.
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