Lucky Bucks is now in post-confirmation wind-down/reporting mode, with the latest filing showing the reorganized business has implemented an equity-based recovery for secured creditors and reported $7.3 million of quarterly disbursements through March 31, 2026 in its Post-Confirmation ReportDkt. 411. The case began on June 9, 2023, when Lucky Bucks filed chapter 11 in Delaware after a rapid acquisition-led expansion of its Georgia COAM business left the company carrying substantial funded debt into a period of declining machine count, higher interest expense, regulatory pressure, and weaker operating performance, as described in the Boyden First Day DeclarationDkt. 15.
The debtor entered chapter 11 with approximately 2,300 machines across about 345 Georgia locations and a capital structure that included a $610 million senior secured credit facility and $250 million unsecured PIK note facility. The restructuring was launched under a June 8, 2023 restructuring support agreement supported by holders of 86% of prepetition OpCo first-lien claims, with the case designed around either a sale transaction or a stand-alone restructuring, DIP financing, and a post-emergence first-lien facility to preserve liquidity while reducing leverage through the Boyden First Day DeclarationDkt. 15.
The plan path moved quickly: Lucky Bucks filed a first amended joint chapter 11 plan in July 2023 that classified eight creditor and interestholder classes and contemplated a reorganization structure rather than a pure liquidation, as reflected in the . The plan supplement process continued into late September 2023, including amended plan supplement materials that supplied implementation exhibits for the restructuring in the .
The present posture is therefore no longer an active first-day, financing, or sale-process case; it is a reorganized-debtor reporting matter. The most recent post-confirmation report states that secured claimholders received equity in the reorganized business rather than cash distributions and that the effective-date change-of-control transaction was excluded from the post-confirmation transfer schedule, placing the remaining case activity around reporting, U.S. Trustee fee obligations, and completion of post-confirmation administration under the Post-Confirmation ReportDkt. 411.