Judge OKs $15M in debtor loans for Philadelphia Newspapers; hearing on auction rules delayedSeptember 21st, 2009 Philadelphia Newspapers gets $15M in debtor loansPHILADELPHIA — A key hearing on rules to govern the bankruptcy auction for Philadelphia Newspapers is on hold while negotiations continue. Senior lenders hope to win The Philadelphia Inquirer, Philadelphia Daily News and Philly.com with a "credit bid." That means they could use some of the $400 million owed them to bid.
Judge puts final stamp of approval on Boscov's emergence from bankruptcySeptember 17th, 2009 Judge confirms BoscovWILMINGTON, Del. — A Delaware judge has approved regional department store chain Boscov's emergence from Chapter 11 bankruptcy protection.
Judge gives final approval to $20M settlement with levee boards over Katrina flood damageSeptember 10th, 2009 Judge approves $20M settlement over Katrina damageNEW ORLEANS — A federal judge has given final approval to a $20 million settlement of class-action lawsuits against several Louisiana levee boards. The suits were filed on behalf of about 500,000 homeowners whose property was damaged by Hurricane Katrina's flood waters.
Bankruptcy judge approves Frontier Airlines reorganization plan, will emerge around Oct. 1September 10th, 2009 Frontier Airlines wins approval of bankruptcy planDENVER — A bankruptcy judge has confirmed the plan of reorganization for Frontier Airlines, moving the Denver-based carrier a step closer to emerging from Chapter 11 protection. Frontier says it resolved the few objections to its reorganization plan before winning approval from the judge in New York on Thursday.
Bankruptcy judge backs Grupo Mexico over Sterlite in bid to regain Asarco operationsSeptember 1st, 2009 Bankruptcy judge backs Grupo Mexico bid for AsarcoDENVER — A bankruptcy judge is recommending a revised bid from Sterlite Industries for the assets of Arizona miner Asarco LLC be rejected. He says the Grupo Mexico bid to regain control over Asarco is still superior.
Arch Coal amends, increases credit facility by $60 millionAugust 27th, 2009 Arch Coal increases credit facilityST. LOUIS — Coal producer Arch Coal Inc.
Magna bankruptcy judge approves motions regarding property salesAugust 26th, 2009 Magna moving ahead with property salesWILMINGTON, Del. — Horse-track owner Magna Entertainment Corp.
Paperboard producer Caraustar Industries emerges from bankruptcy as private entityAugust 21st, 2009 Caraustar Industries exits bankruptcyATLANTA — Caraustar Industries Inc., which makes paperboard, said Friday it eliminated about $135 million in debt and has emerged from Chapter 11 bankruptcy court protection as a private entity. Shares of stock in Caraustar, which continued to operate during its 82 days in bankruptcy, will be retired and previous shareholders will receive a pro rata share of $2.9 million.
Nordstrom refinances, secures new $650 million credit facilityAugust 14th, 2009 Nordstrom refinances credit facilitySEATTLE — Nordstrom Inc. on Friday said that it has secured a new three-year $650 million senior unsecured revolving credit facility to replace a prior facility of the same size that was scheduled to mature in 2010.
Judge gives final approval to GM's use of bankruptcy financingJune 25th, 2009 Judge gives final OK to bankruptcy financingNEW YORK — A bankruptcy judge says GM can have access to its full $33.3 billion in bankruptcy financing. Judge Robert Gerber gave final approval to the financing on Thursday.
Bankruptcy judge gives interim approval for GM to access $33.3 billion in financingJune 2nd, 2009 Judge OKs use of GM bankruptcy financingNEW YORK — A bankruptcy judge says General Motors can have immediate access to $15 billion in government financing as it attempts to quickly restructure under court protection. U.S. Judge Robert Gerber gave interim approval to the Detroit-based automaker's use of a total of $33.3 billion in financing, with the $15 billion available for use over the next three weeks.
Bankruptcy judge authorizes Visteon to pay critical vendors, other obligationsMay 29th, 2009 Judge approves motions in Visteon bankruptcyWILMINGTON, Del. — A Delaware bankruptcy judge has approved several first-day motions in the Chapter 11 bankruptcy case of automobile parts supplier Visteon Corp.
Judge considers Tribune requests to make bonus, severance paymentsMay 12th, 2009 Judge weighs Tribune employee paymentsWILMINGTON, Del. — A Delaware bankruptcy judge is set to hear arguments on a request by the Tribune Co.
Federal bankruptcy judge says Credit Suisse loan to Yellowstone Club was predatoryMay 12th, 2009 Judge says loan to Yellowstone Club was predatoryHELENA, Mont. — A federal bankruptcy judge has ruled that a $375 million loan made by Credit Suisse to a Montana resort for the ultrarich was predatory and should be subordinated to other debts.
NBA approved for renewal of leaguewide credit facilityMay 5th, 2009 NBA approved for renewal of credit facilityNEW YORK — Lenders have renewed the NBA's league-wide credit facility, from which 17 of its teams have borrowed $2 billion since it was established in 2003. The NBA said on Monday that approval of the credit by a group of banks led by J.P.
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