Bankruptcy News

We've summarized the latest docket activity and news for publicly traded companies currently operating under U.S. Bankruptcy Court protection.

Bankruptcy/Chapter 11

Relativity Media Plan Effective

Relativity Media's Fourth Amended Plan of Reorganization became effective, and the Company emerged from Chapter 11 protection. The U.S. Bankruptcy Court confirmed the Plan on February 8, 2016. According to documents filed with the Court, "[T]he Plan provides for the reorganization of the Debtors' remaining business units around their core film business, and includes a variety of financing transactions, including deleveraging the Debtors' balance sheet, obtaining a new revolving credit facility and…securing new equity contributions." This privately-held global media company filed for Chapter 11 protection on July 30, 2015, listing $560 million in pre-petition assets.

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