Modular Space Corporation filed a Prepackaged Plan of Reorganization that will eliminate approximately $400 million of debt from the Company's balance sheet, provide $90 million of new equity capital from the bondholders via a rights offering and include a new $719 million credit facility to be provided by the existing asset based lenders (the "Lenders").
Debtor: Air Distributing Co., Inc.
9009 Center St
Manassas, VA 20110
Case No.: 16-14272
Chapter 11 Petition Date: December 20, 2016
Court: United States Bankruptcy Court
Eastern District of Virginia (Alexandria)
Judge Joan N. Feeney of the U.S. Bankruptcy Court for the District of Massachusetts authorized Merchant Bankcard Services of America, Inc., to use obtain further post-petition financing and use cash collateral, in her Seventh Stipulated Interim Order.
Bailey Tool & Manufacturing Company seeks approval from the U.S. Bankruptcy Court for the Northern District of Texas to hire Harold Hopkins, CPA, Office of Certified Public Accountant.
AGS Enterprises, Inc. and KLN Steel Products Company, LLC seek approval from the U.S. Bankruptcy Court for the Northern District of Texas to hire legal counsel.
BCDG, LP asks for permission from the Hon. Anita L. Shodeen of the U.S. Bankruptcy Court for the Southern District of Iowa to employ Eric M. Brewer and Eastman & Company as financial advisor, effective November 18, 2016 petition date.