Court approves Anthology asset sale to Encoura LE
The court approved Anthology's sale of transferred assets to Encoura LE LLC, authorizing the transaction free and clear of liens, claims, interests and encumbrances and approving related contract and lease assumption and assignment relief under the sale order. The order follows cancellation of the auction, meaning Encoura's stalking horse bid became the value-clearing path for the sale process rather than a floor for competitive bidding.
The order says the Encoura bid was the highest and best offer and provided fair and reasonable consideration, though the approved order excerpts do not state a headline dollar purchase price. The buyer assumes specified liabilities and is responsible for closing-date cure payments and a cure escrow under the APA economics. Most objections were resolved or overruled, with limited reservations preserved for specific parties. Immediate effectiveness matters because the court waived the usual sale-order stay, allowing the debtors to move directly toward closing and preserve collateral value tied to the postpetition financing timeline.