Cases
CourtFilingsPetition dateMore filters
Signal National and its affiliated debtors requested authority to obtain a senior secured DIP facility of up to $24.952 million, comprising $6.238 million of new-money loans and up to $18.714 million of roll-up loans. The Emergency DIP Financing MotionDkt. 11 seeks $2.3 million of interim availability—approximately $575,000 in new money and $1.725 million of roll-up funding—along with authority to use lenders’ cash collateral and provide adequate protection.
The proposed facility is the case’s immediate liquidity backstop and would fund operations and the contemplated sale and restructuring process. The requested liens, superpriority claims, cash-collateral authority, and roll-up make the financing package central to creditor recoveries and negotiating leverage from the outset of these chapter 11 cases.
Signal National LLC is a Houston, Texas–based affiliated entity within the 777 Partners and 600 Partners enterprise, a diversified investment platform with operating subsidiaries and investment vehicles spanning structured-settlement portfolios, insurance and reinsurance, aviation, media and entertainment, and professional sports. The broader organization maintains portfolio companies, special-purpose vehicles, and reinsurers across the United States, Canada, Europe, South America, Australia, and the Caribbean.