Simplexity, LLC

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Case Number:

1:14-bk-10569

Court:

Delaware

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

  1. April 11, 2014

    Simplexity Gets OK For DIP Loan To Fund Wal-Mart Sale

    A Delaware bankruptcy judge on Friday approved debtor-in-possession financing that private-equity owned mobile phone activator Simplexity LLC says is crucial to fund its planned $10 million stalking horse sale to Wal-Mart Stores Inc., despite objections from unsecured creditors that say the facility solely protects lender Fifth Third Bank.

  2. April 08, 2014

    Simplexity Rips Terms Of Bankruptcy Loan From Fifth Third

    Bankrupt private-equity owned mobile phone activator Simplexity LLC said Tuesday that it took issue with terms of debtor-in-possession financing extended by Fifth Third Bank, leaving in limbo how the debtor will fund its planned $10 million stalking horse sale to Wal-Mart Stores Inc.

  3. April 04, 2014

    Bankrupt Simplexity Gets OK For $10M Wal-Mart Sale Plan

    A Delaware bankruptcy judge gave the green light Friday to private equity-owned mobile phone activator Simplexity LLC's plan to sell some of its assets in a Chapter 11 auction, with retail giant Wal-Mart Stores Inc. putting in a $10 million stalking horse bid.

  4. April 03, 2014

    Simplexity Creditors Balk At Wal-Mart Stalking Horse Deal

    Creditors of private-equity owned Simplexity LLC objected Wednesday to the bankrupt mobile-phone activator's planned $10 million asset sale to stalking horse Wal-Mart Stores Inc., saying the proposed bidding procedures will discourage other suitors. 

  5. March 26, 2014

    Simplexity Plans $10M Stalking Horse Sale To Wal-Mart

    Private equity-owned mobile phone activator Simplexity LLC asked the Delaware bankruptcy court late Tuesday to approve a plan to auction many of its assets, including intellectual property related to its e-commerce platform, with Wal-Mart Stores Inc. acting as stalking horse with a $10 million bid.

  6. March 19, 2014

    Simplexity Gets Nod For $1M DIP To Fund Quick Sale

    Troubled mobile-phone activator Simplexity LLC won approval from a Delaware bankruptcy judge Wednesday for up to $1 million debtor-in-possession financing, which the private equity-owned outfit will tap as it looks to ring up a speedy sale in Chapter 11.

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