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

  • Harlem Market Case Summary & 20 Largest Unsecured Creditors

    Debtor: Harlem Market Inc.
                2005 Third Avenue
                New York, NY 10001

    Business Description: Harlem Market Inc. operates a supermarket
                                   at 2005 Third Avenue, New York, NY under
                                   the "Met Food" banner pursuant to a
                                   commercial lease, dated April 13, 2015 with
                                   AK Properties Group LLC as landlord.

    Chapter 11 Petition Date: March 19, 2018

    Written on Wednesday, 21 March 2018 05:09 in Latest News Be the first to comment! Read 16 times Read more...