Coverage, page 11

Impac Mortgage: Court Confirms $23.95M Hildene Debt-for-Equity Plan

The Delaware bankruptcy court confirmed Impac Mortgage Holdings prepackaged chapter 11 plan on May 29, 2026 — 33 days after filing. Plan sponsor Hildene Re SPC converts $23.95M in senior secured claims into 100% of reorganized equity; $850M in federal NOLs preserved; existing equity cancelled.

PrepackagedFinancial services

Week of June 1, 2026

Navidea Biopharmaceuticals: $11.95M Sale and Subchapter V Liquidation Plan Confirmed

Impac Mortgage: Court Confirms $23.95M Hildene Debt-for-Equity Plan

TPI Composites: Court Confirms Liquidating Plan for Vestas Assets

Trinseo PLC: $2.72 Billion Prepackaged Debt-for-Equity Plan

Week of May 18, 2026

Sleep Number: Bankruptcy Warning and $588M Revolver Risk

QVC Group: $5B+ Debt Cut, Preferred Equity Asset Dispute

Freedom Forever: $155M Capital Stack, Texas AG Probe

Pinstripes Holdings: From $520M SPAC Debut to Chapter 7 in Under Two Years

BowFlex: $37.5M Sale to Johnson Health Tech

Spirit Airlines Shuts Down in Second Bankruptcy

Carbon Health Confirms Debt-for-Equity Plan, Lenders Take 100% of Equity

Mosaic Transfers Solar Loan Servicing in Bankruptcy