Mar 6Appgate: Prepack Restructuring Equitizes Debt and Resets Capital StructureAppgate May 2024 Delaware prepack equitized funded debt and went effective July 2024 after fast confirmation.PrepackagedIndustrials & manufacturing
Mar 6Liberated Brands: ABG License Termination Topples Volcom, Billabong, and Quiksilver RetailLiberated Brands chapter 11: ABG terminated Volcom, Billabong, Quiksilver licenses. Gordon Brothers liquidated 122 stores; $65M fell short of secured debt.FreefallConsumer & retail
Mar 6iM3NY: Failed Gigafactory Dream Ends in $10M Fire Sale and 150-Day DismissaliM3NY LLC (Imperium3 New York) filed chapter 11 in Delaware on Jan 27, 2025 after its Endicott gigafactory exhausted $136M in debt. Musashi Auto Parts acquired assets for $10M; no unsecured creditor recovery; case dismissed June 2025.FreefallIndustrials & manufacturing
Mar 6Dynamic Aerostructures: Defense Supplier to B-2, F-22, SpaceX Sold in 50 DaysDynamic Aerostructures chapter 11: defense supplier to B-2, F-22, SpaceX sold to Avem Partners for $16M in under 50 days after quality issues.Industrials & manufacturing
Mar 6MOM CA Investco: Mo Honarkar Feud Sends $382M Portfolio to ReceivershipMo Honarkar feud sent MOM CA Investco’s $382M Laguna Beach portfolio into receivership after the chapter 11 cases were dismissed, with regional banks reporting losses tied to the properties.FreefallReal estate & construction
Mar 6GO Lab: North America's Only Wood Fiber Insulation Maker's 77-Day RestructuringGO Lab TimberHP emerged from ch. 11 in 77 days with $21M exit financing after $30M cost overruns.PrenegotiatedIndustrials & manufacturing
Mar 6Danimer Scientific: SPAC Bioplastics Bet Ends in $19M SaleDanimer Scientific: $380M SPAC proceeds, $402M debt, and a $19M sale to Teknor Apex in chapter 11.Industrials & manufacturing
Mar 6Corvias Campus Living: 65-Year P3 Collapses After Five-Year DefaultCorvias Campus Living ch. 11 after 5 years of default on $526M bonds. $208.5M sale yields 39% recovery.Real estate & construction
Mar 6Brightmark Plastics: $260M Facility Sells for $14M After Green Bond DefaultBrightmark Plastics $260M pyrolysis facility sells for $14.3M after green bond default. Parent prevails over UMB liquidation bid.Industrials & manufacturing
Mar 6Bedmar, LLC: Delaware Two-Step Dismissed in 81-Day Bad Faith FilingBedmar, LLC Judge Stickles dismissed after 81 days, ruling Delaware Two-Step lacked good faith. $372M claims to $33M cap failed.PrepackagedHealthcare & life sciences
Mar 6At Home Group: Tariff Shock Triggers $2B Debt RestructuringAt Home's chapter 11 eliminated $2B debt after 145% China tariffs. Emerged in 4.5 months; H&F's $2.8B equity wiped out.PrepackagedConsumer & retail
Mar 6Edgio: 23 Years of CDN History Ends in Piecemeal LiquidationEdgio ch. 11 September 2024. Akamai acquired for $125M, Lynrock Lake $51M. 23 years of CDN history ended.Technology & telecom