Restructuring Report

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Stretto’s Restructuring Report is a podcast featuring notable stories curated by professionals, and powered by Stretto Intelligence. Join us each week for highlights, updates, and news impacting restructuring professionals.  Dig deeper into research and analysis online, using Research Suite by Stretto, now enhanced by AI to make it easier for professionals to find, review, and understand information that matters most.  Visit researchsuite.stretto.com to learn more.

  1. 1日前

    March 9, 2026 - Cumulus Media, Lutheran Home and Services for the Aged, NFN8 Group, Buddy Mac Holdings

    This episode covers key developments in four major restructuring and bankruptcy cases: Cumulus Media, operator of 394 radio stations nationwide, files a prepackaged Chapter 11 in Houston with a deal to eliminate approximately $592 million in debt, reduce annual interest expense by nearly $49 million, and hand 95% of the reorganized equity to secured lenders. The filing marks the broadcaster’s second bankruptcy in seven years, driven by declining ad revenue, digital competition, and disputes over audience measurement data. An Illinois bankruptcy court confirms the reorganization plan of Lutheran Home and Services for the Aged, refinancing $180 million in bond debt and approving third-party releases over objections from the U.S. Trustee. The court held that consensual release provisions remain permissible under Seventh Circuit law following the Supreme Court’s Purdue decision. NFN8 Group, a Bitcoin mining operator, seeks approval of bidding procedures to sell substantially all assets under Section 363, proposing an all-cash auction process designed to repay DIP obligations in full as it markets its power rights, infrastructure, and equipment. And Buddy Mac Holdings, a rent-to-own retailer, asks to pay $370,000 in commissions tied to consulting services that generated approximately $8.45 million in Employee Retention Credit refunds, arguing the payment is contractually required and beneficial to the estate. 💡 From legacy broadcast media and senior living nonprofits to cryptocurrency mining and pandemic-era tax credits, this episode explores how balance-sheet restructurings, asset sales, and post-petition compensation disputes are shaping the current Chapter 11 landscape. Thank you for listening! Visit stretto.com for more information. Follow us on LinkedIn.

    7分

  2. 3月2日

    March 2, 2026 - Hawthorne Race Course, FlexShopper, Paragon Industries, BRD Land and Investment

    This episode covers key developments in four major restructuring and bankruptcy cases: Hawthorne Race Course, North America’s oldest family-owned racetrack, files for Chapter 11 in Illinois while pursuing a Section 363 sale of substantially all assets. The filing follows frozen bank accounts, the loss of a key sportsbook partner, and a sharp drop in wagering deposits, with the company securing $16 million in DIP financing and prioritizing purse payments to horsemen as it works to preserve its racing license and casino rights. FlexShopper seeks emergency approval of a Transition Services Agreement with ReadySett, the court-approved buyer of its assets, to ensure a seamless servicing transfer of its loan portfolio following a sale targeted to close in early March. Paragon Industries, an Oklahoma steel pipe manufacturer, asks the court to approve a $40 million asset sale to Integrated Utility Services after a marathon auction process that drew seven bidders, excluding a controversial insider-linked bidder that failed to post a deposit. And BRD Land and Investment, a Charlotte-based land developer, files for Chapter 11 citing a $390 million collapse in projected revenue after homebuilders canceled projects, along with allegations that its senior lender imposed aggressive fees and accelerated paydowns that strained liquidity. 💡 From racetracks and retail finance to industrial manufacturing and residential land development, this episode examines how lender disputes, failed growth projections, and sale-driven restructurings are shaping the latest wave of Chapter 11 cases. Thank you for listening! Visit stretto.com for more information. Follow us on LinkedIn.

    8分

  3. 2月23日

    February 23, 2026 - Avenger Flight Group, Carbon Health Technologies, Holiday Inn, Barrow Shaver Resources Company

    This episode covers key developments in four major restructuring and bankruptcy cases: Avenger Flight Group, a global aviation simulator and flight training provider, files for Chapter 11 in Delaware with approximately $273 million in secured debt, backed by $43.5 million in DIP financing from prepetition lenders who will serve as stalking horse bidders in a credit bid sale process. The filing follows rapid, debt-fueled expansion and reduced demand for A320 simulator training after Pratt & Whitney engine issues grounded aircraft across the industry. Carbon Health Technologies seeks court approval of $2.79 million in incentive and retention programs as it advances its Chapter 11 case in Texas, proposing performance-based bonuses for senior executives and structured retention payments for 40 non-insider employees to stabilize operations during a sale or reorganization process. In Miami, an unsuccessful bidder challenges a $95 million bankruptcy auction for a Holiday Inn property, returning with a $107 million all-cash offer and alleging flaws in the auction process while asking the court to reopen bidding. And Barrow Shaver Resources Company files a Chapter 11 liquidation plan that would transfer all remaining assets into a trust funded by prior asset sales, with secured and unsecured creditors sharing in trust distributions and equity interests cancelled. 💡 From aviation training and healthcare staffing to contested real estate auctions and oilfield liquidations, this episode examines how sale processes, compensation strategies, and trust structures are shaping the latest wave of Chapter 11 restructurings. Thank you for listening! Visit stretto.com for more information. Follow us on LinkedIn.

    7分

  4. 2月9日

    February 9, 2026 - Nine Energy Service, NFN8 Group, Luminar Technologies, First Brands Group and Evolution Credit Partners, Carbon Health Technologies, MMA Law Firm

    This episode covers key developments in six major restructuring and bankruptcy cases: Nine Energy Service files a prepackaged Chapter 11 with support from more than 70% of its senior secured noteholders, seeking to eliminate $319 million in secured debt through a full debt-for-equity conversion while preserving approximately 1,100 jobs and targeting a rapid 31-day exit from bankruptcy. Bitcoin mining company NFN8 Group enters Chapter 11 after a catastrophic fire at its Texas facility cut mining capacity by up to 50%, compounding margin pressure from the Bitcoin halving and litigation costs as the company lines up $2.75 million in DIP financing and pursues a court-supervised asset sale.  Luminar Technologies proposes a $143 million liquidation plan, selling its semiconductor and LiDAR businesses in separate transactions that leave first-lien noteholders paid in full while wiping out existing equity after years of mounting losses and a breakdown in its relationship with Volvo. A federal district court remands a $60 million cash-collateral dispute between First Brands Group and Evolution Credit Partners, sending the case back to bankruptcy court for evidentiary proceedings over contested factoring liens and adequate protection. Carbon Health Technologies files for Chapter 11 with a dual-track restructuring strategy, pursuing both a debt-for-equity reorganization and an asset sale as it works to right-size a healthcare platform operating more than 90 clinics nationwide amid tightening capital markets. And a Texas bankruptcy court overrules First Amendment objections to a Rule 2004 examination in the MMA Law Firm case, ordering discovery to proceed in what the court describes as a matter of first impression involving alleged defamatory statements made during bankruptcy proceedings. 💡 From oilfield services and cryptocurrency mining to healthcare, advanced technology, and constitutional issues in bankruptcy discovery, this episode explores how balance-sheet resets, asset sales, and evolving legal boundaries are shaping the latest wave of complex Chapter 11 cases. Thank you for listening! Visit stretto.com for more information. Follow us on LinkedIn.

    8分

  5. 2月2日

    February 2, 2026 - Multi-Color Corporation, F-Star Socorro, RunItOneTime, Banners of Abingdon, Shannon Wind

    This episode covers key developments in five major restructuring and bankruptcy cases: Multi-Color Corporation files a prepackaged Chapter 11 plan to eliminate $3.9 billion in debt, backed by its private equity sponsor and a supermajority of first-lien lenders, while securing $889 million in new funding and paying general unsecured creditors in full. An Arizona luxury resort developer, F-Star Socorro, seeks approval for $32 million in replacement DIP financing tied to its Ritz-Carlton-branded villa project, restructuring its capital stack to avoid a priming dispute while racing to close pending villa sales that could generate over $100 million in proceeds. A Texas bankruptcy court upholds a $28 million gaming asset sale free and clear of union successor liability, rejecting a Teamsters challenge and reinforcing the scope of Section 363 sales despite objections rooted in federal labor law. Banners of Abingdon, the largest Hallmark operator in Virginia, proposes a reorganization plan to pay all creditors in full while continuing operations of 39 stores, with long-term repayment of a $6.9 million superpriority DIP claim extending through 2030. And Shannon Wind, a Texas wind farm operator, files for Chapter 11 after Winter Storm Uri generated more than $100 million in power market liabilities, launching a court-supervised sale process while continuing to operate with full merchant exposure . 💡 From global manufacturing and luxury real estate to labor law, retail, and renewable energy, this episode explores how capital structure resets, extreme weather risk, and statutory sale protections are shaping the next phase of complex Chapter 11 restructurings. Thank you for listening! Visit stretto.com for more information. Follow us on LinkedIn.

    7分

  6. 1月26日

    January 26, 2026 - Tonopah Solar Energy, Franciscan Friars of California, White Rock Medical Center, Georgia ProtonCare Center

    This episode covers key developments in four major restructuring and bankruptcy cases: Tonopah Solar Energy files for Chapter 11 for the second time in six years, seeking $10 million in DIP financing from an affiliate lender as persistent technical failures cut output at its pioneering molten-salt solar facility and a broad marketing process fails to produce a stalking horse bidder. The Franciscan Friars of California seek emergency court approval to liquidate investment assets and access restricted funds, warning of imminent cash exhaustion as the long-running case—filed to address sexual abuse claims—faces mounting operating and professional expenses. White Rock Medical Center, a Dallas safety-net hospital, enters Chapter 11 alleging over $11 million in seller misrepresentations tied to its 2023 acquisition, after the abrupt loss of electronic health record access disrupted billing and operations serving a largely low-income patient population. And Georgia ProtonCare Center, the state’s only proton therapy provider, files for bankruptcy with $550 million in debt, pursuing a going-concern sale to Emory University while prioritizing continuity of care for more than 1,000 cancer patients annually. 💡 From renewable energy and religious institutions to community hospitals and specialized cancer care, this episode examines how operational setbacks, liquidity crises, and healthcare economics are driving the latest wave of complex Chapter 11 filings. Thank you for listening! Visit stretto.com for more information. Follow us on LinkedIn.

    5分

  7. 1月19日

    January 19, 2026 - Reno City Center Owner LLC, Beverly Community Hospital Association, First Brands Group, Paragon Industries

    This episode covers key developments in four major restructuring and bankruptcy cases: A federal bankruptcy appeals panel affirms dismissal of Reno City Center Owner LLC’s Chapter 11 case, clearing the way for a $42 million refinancing outside of bankruptcy after rejecting arguments that the dismissal improperly favored certain creditors over others. The Chapter 11 trustee for Beverly Community Hospital Association seeks conversion to Chapter 7 liquidation after recovering more than $40 million through asset sales, preference actions, and litigation recoveries, arguing that continued administration under Chapter 11 would only erode remaining value. First Brands Group narrows its dispute with factoring lenders, reducing its request for release of disputed cash to $18.1 million while deferring resolution of $35 million in contested receivables pending an examiner’s investigation into prepetition factoring arrangements. And Paragon Industries, an Oklahoma steel pipe manufacturer, files an amended disclosure statement for a Chapter 11 liquidation plan complicated by a $77.7 million contested secured claim tied to its former director, as the creditors’ committee seeks subordination that could significantly increase recoveries for unsecured creditors. 💡 From appellate rulings and healthcare wind-downs to factoring disputes and insider claim challenges, this episode explores how litigation strategy, capital structure conflicts, and criminal allegations are shaping outcomes in complex bankruptcy cases. Thank you for listening! Visit stretto.com for more information. Follow us on LinkedIn.

    5分

  8. 1月12日

    January 12, 2026 - Hearthside Food Solutions, National Realty Investment Advisors, Celebration Pointe Holdings, Mode Eleven Bancorp

    This episode covers key developments in four major restructuring and bankruptcy cases: Hearthside Food Solutions faces a pivotal Texas court ruling that sharply limits post-confirmation bankruptcy jurisdiction, with the court holding it lacks authority to enforce post-confirmation contractual obligations that do not affect plan implementation—while leaving the door open for fraud claims tied to the bankruptcy process itself. The liquidation trustee for National Realty Investment Advisors seeks approval for nearly $97 million in development financing, raising governance questions over whether the Liquidation Trust Advisory Board must approve debt incurred by wind-down entities as the trustee argues development could boost investor recoveries by tens of millions of dollars. Celebration Pointe Holdings files a liquidation plan for its 2-million-square-foot Gainesville mixed-use development, shifting away from reorganization amid pandemic-era disruptions, rising interest rates, and inflation, with unsecured creditors facing uncertain recoveries through a liquidating trust. And Mode Eleven Bancorp asks a Wyoming bankruptcy court to approve a $2 million private sale of Summit National Bank after failed auctions, citing urgent regulatory pressure and receivership risk as it seeks to preserve value following an extensive but unsuccessful marketing process. 💡 From post-confirmation jurisdiction limits and trustee authority to large-scale real estate liquidations and distressed bank sales, this episode examines how legal boundaries, governance disputes, and timing pressures are shaping outcomes in complex Chapter 11 cases. Thank you for listening! Visit stretto.com for more information. Follow us on LinkedIn.

    6分
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番組について

Stretto’s Restructuring Report is a podcast featuring notable stories curated by professionals, and powered by Stretto Intelligence. Join us each week for highlights, updates, and news impacting restructuring professionals.  Dig deeper into research and analysis online, using Research Suite by Stretto, now enhanced by AI to make it easier for professionals to find, review, and understand information that matters most.  Visit researchsuite.stretto.com to learn more.

情報

  • クリエイター
    Stretto
  • 配信期間
    25年 - 26年
  • エピソード
    23
  • 制限指定
    不適切な内容を含まない
  • Copyright
    © 2026 Stretto
  • 番組のWebサイト
    Restructuring Report