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Holding Liquidating II LLC
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September 04, 2012
GE Capital, Other Lenders To Pay $145M For Paper Recycler
A Delaware bankruptcy judge Tuesday approved the sale of SP Newsprint Holdings LLC for $145 million to a group of lenders led by General Electric Capital Corp. that had served as a stalking horse bidder for the troubled paper recycler since July.
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July 30, 2012
$145M SP Newsprint Stalking Horse Plan Wins Approval
A Delaware bankruptcy judge on Friday approved SP Newsprint LLC's $145 million stalking horse agreement but delayed the auction date by one week, clearing the way for a wind-down of the embattled papermaker while mollifying creditor concerns over the auction's curtailed bidding period.
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July 26, 2012
SP Newsprint's $145M Stalking Horse Too Swift, Creditors Say
Unsecured creditors of bankrupt SP Newsprint Holdings LLC asked a Delaware judge Thursday to modify the paper maker's $145 million stalking horse agreement with its lenders, saying the sale schedule it proposes is too short to allow for other bidders to emerge.
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July 20, 2012
SP Newsprint's Lenders Form $145M Stalking Horse
Bankrupt SP Newsprint Holdings LLC asked a Delaware court Thursday to approve a stalking horse credit bid from its prepetition lenders that would sell its assets for about $145 million and assume its more than $28 million in contract liabilities.
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May 25, 2012
SP Newsprint Gets $5M Secrets Suit Against Employees Stayed
A Delaware bankruptcy judge on Thursday stayed a Georgia action brought by a former contractor of SP Newsprint Holdings LLC, which called the $5 million trade secrets suit against three SP employees an attempted end run around its automatic stay protection.
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March 30, 2012
SP Newsprint Creditors Seek Docs On Fees To Insider Co.
SP Newsprint Holdings LLC's unsecured creditors asked for court permission Thursday to investigate $25 million of management fees and other payments the company made before its bankruptcy to a separate firm run by SP Newsprint insiders.
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November 17, 2011
SP Newsprint Goes For Ch. 11 With Lenders' Cash Collateral
Paper manufacturer SP Newsprint Holdings LLC kicked off its Chapter 11 case in Delaware on Thursday, winning approval to use its lenders' cash collateral as the company prepares to sell off its assets under court protection.