Case filing & court posture: Meyer Burger (Holding) Corp. and three affiliated debtors filed chapter 11 on June 25, 2025, in the U.S. Bankruptcy Court for the District of Delaware (Case No. 25-11217). Dkt. 1 The Honorable Craig T. Goldblatt presides. Dkt. 9
Liquidity & financing path: The debtors obtained a $23.3 million DIP facility, including a $14 million roll-up of prepetition secured bridge loans at 16% PIK interest. Dkt. 96 The final DIP order was entered on July 17, 2025, supporting operations through the sale process.
Restructuring outcome: The debtors conducted a 363 sale process, selling substantially all assets to Waaree Solar Americas Inc. for approximately $18.5 million. Dkt. 267 The sale order was entered on September 22, 2025.
Post-sale settlement: A global settlement resolving lien disputes with the DESRI entities and prepetition secured parties was approved on September 29, 2025. Dkt. 286 A subsequent settlement agreement addressing WARN Act claims and modifying the final DIP order was approved on January 27, 2026.
Current status: The case remains in wind-down phase. The debtors' exclusive periods to file and solicit acceptances of a chapter 11 plan were extended through April 21, 2026, as the estates prepare a liquidating plan. No final decree has been entered.
