Case filing & court posture: CHG US Holdings LLC (d/b/a Planta), an upscale plant-based restaurant chain, and 17 affiliates filed chapter 11 petitions on May 12, 2025 in the District of Delaware (Case No. 25-10851). Dkt. 1 The cases are jointly administered before Judge Mary F. Walrath.
Liquidity & financing path: The Debtors obtained a $4.9 million DIP facility from Anchorage, approved on an interim basis on May 22, 2025 Dkt. 109 and on a final basis on June 10, 2025. Dkt. 188
Restructuring outcome: The Debtors pursued a section 363 sale of substantially all assets. The Court approved bid procedures on June 23, 2025 Dkt. 235, but the auction was cancelled after no competing bids were received, leaving Anchorage as the successful bidder via credit bid. Dkt. 375 The Sale Order was entered on August 1, 2025. Dkt. 408
Sale closing & post-sale posture: The sale closed on August 18, 2025. Dkt. 492 The Debtors remain in post-sale wind-down as debtors in possession, with exclusivity to file a chapter 11 plan extended through March 9, 2026 and solicitation exclusivity through May 11, 2026.
