Featured Book


Energy Capital Buying All Chieftain Sand's Assets for $5 Million

Thursday, 12 January 2017 07:15
Rate this item
(0 votes)

Chieftain Sand and Proppant, LLC, and Chieftain Sand and Proppant Barron, LLC, ask the U.S. Bankruptcy Court for the District of Delaware to authorize the bidding procedures in connection with the sale of substantially all assets to Energy Capital Partners Mezzanine Opportunities Fund A., L.P. for (i) $5,000,000, plus (ii) an amount in cash sufficient to pay and used to pay in full all Obligations owing under and as defined in, the DIP Credit Agreement, plus (iii) an amount in cash equal to the Undisputed Cure Costs, plus (iv) an amount in cash necessary to fund the wind-down of the Sellers' estates in accordance with the Approved Wind-Down Budget, which will not exceed $885,620, subject to higher or better competing bids.

Please log in or register to view the entire article

Login to post comments

Featured News

  • Skypatrol LLC Case Summary & 20 Largest Unsecured Creditors

    Debtor: Skypatrol, LLC, a Delaware Limited Liability Company
                dba GPS Tracking Solutions
                dba M2M Depot
                dba Defender
                dba Total GPS Technologies
                dba Fleet Command
                dba Protek
                3055 N.W. 84th Avenue
                Miami, FL 33122-1921

    Business Description: Skypatrol, LLC provides integrated Global
    Positioning System (GPS) tracking solutions
    serving many markets including vehicle
    finance, fleet management, mobile asset
    tracking, automobile dealerships, outdoor
    sports and motor sports.

    Written on Friday, 15 December 2017 05:22 in Latest News Be the first to comment! Read 16 times Read more...