Brookstone Holdings Corp.

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Case overview

Case Number:

1:14-bk-10752

Court:

Delaware

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

  1. June 23, 2014

    Bankrupt Brookstone Gets Nod For Ch. 11 Plan, $174M Sale

    Specialty retailer Brookstone Holdings Corp. won approval Monday in Delaware bankruptcy court for its reorganization plan that will see it emerge from Chapter 11 owned by a pair of Chinese companies who partnered and prevailed at auction with an offer valued at nearly $174 million.

  2. June 17, 2014

    Brookstone Ch. 11 Plan Ducks $1.6 Million IRS Debt

    The Internal Revenue Service threw a wrench into the proposed Chapter 11 bankruptcy plan filed by specialty retailer Brookstone Holdings Corp. on Monday, saying the company's reorganization plan attempts to improperly shed more than $1.6 million in past-due tax debt and administrative expense costs.

  3. June 03, 2014

    Chinese Investors Team Up In $173M Bid For Brookstone

    Two Chinese companies teamed up to outbid Spencer Spirit Holdings Inc.'s stalking horse offer for Brookstone Holdings Corp., saying they would pay more than $173 million for the company, an attorney for the bankrupt company's creditors confirmed Tuesday.

  4. May 19, 2014

    Brookstone Wins OK To Solicit Creditors On Ch. 11 Plan

    A Delaware bankruptcy judge gave specialty retailer Brookstone Holdings Corp. the green light Monday to solicit creditor votes on its revised Chapter 11 plan, which includes a $146 million stalking horse sale to rival Spencer Spirit Holdings Inc. and incorporates a settlement that promises unsecured creditors a better recovery.

  5. April 25, 2014

    Brookstone Gets OK For $96M DIP, Spencer's Sale Plan

    A Delaware bankruptcy judge on Friday gave retailer Brookstone Holdings Corp. the green light for its $96 million debtor-in-possession financing package, along with a plan for a $146 million stalking horse sale to Spencer Spirit Holdings Inc., after the debtor came to an agreement with unsecured creditors.

  6. April 22, 2014

    Brookstone's Unsecured Creditors Blast $96M DIP Loan

    Unsecured creditors of bankrupt Brookstone Holdings Corp. objected in Delaware bankruptcy court Monday to the specialty retailer's proposed $96.3 million debtor-in-possession facility, contending that the package benefits the lenders while burdening the company with fees and expenses.

  7. April 18, 2014

    Brookstone Bondholders Decry Terms Of DIP Loan

    A group of bankrupt Brookstone Holdings Corp.'s bondholders took issue Friday with a portion of the specialty retailer's $96 million debtor-in-possession financing package, arguing that a provision to roll up some of it into prepetition debt will unfairly undercut the value of their bonds.

  8. April 11, 2014

    Brookstone's Bondholders Revealed In Court Docs

    The bondholder group driving Brookstone Holdings Corp.'s Chapter 11 restructuring is composed primarily of investment companies, including private equity firms and hedge funds, according to a statement filed in Delaware bankruptcy court Thursday.

  9. April 04, 2014

    Brookstone Gets Interim OK For $96M In DIP Financing

    A Delaware bankruptcy judge gave specialty retailer Brookstone Holdings Corp. the interim go-ahead for a slew of first-day requests Friday, including $96.3 million in debtor-in-possession financing that the debtor says is integral to solidifying noteholder support for its proposed stalking horse sale to Spencer Spirit Holdings Inc.

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