4 West Holdings' March 6, 2018 Chapter 11 proceeding reached plan effectiveness, followed by a final decree Dkt. 2066 entered June 16, 2020. The court confirmed the reorganization plan on January 14, 2019; the effectiveness notice Dkt. 1386, filed February 13, 2019, reported the subsequent milestone.

4 West Holdings, Inc.'s Chapter 11 restructuring produced a confirmed, effective reorganization plan, followed by the court's June 16, 2020 final decree Dkt. 2066. The court confirmed the Modified Third Amended Joint Plan Dkt. 1361 on January 14, 2019, and the debtors reported plan effectiveness in a notice filed February 13, 2019 Dkt. 1386.

The company filed its Chapter 11 petition Dkt. 1 on March 6, 2018. Operating as Orianna Health Systems, the debtors managed 42 skilled nursing facilities across seven states and employed approximately 5,000 people. The first-day declaration Dkt. 19 reported approximately $52 million in unpaid rent owed to the Omega Parties, in addition to borrowings under a Sterling revolving credit facility and an Omega working-capital loan. Those obligations framed a restructuring centered on the facility portfolio and its relationship with Omega.

The same declaration Dkt. 19 described an initial restructuring support agreement with Omega and plan sponsor SC-GA 2018 Partners, LLC. It contemplated transferring underperforming facilities to new operators and a sponsor investment in exchange for equity in the reorganized debtors. The proposed consideration was $195 million in cash plus a $30 million note; Omega also proposed a $30 million DIP financing facility. These were the proposed transaction terms at filing.

The court's May 14, 2018 final DIP financing order Dkt. 376 authorized senior secured priming postpetition financing, cash-collateral use, and adequate protection for prepetition secured parties. On October 4, 2018, the court entered a sale order Dkt. 1041 approving the sale of certain assets free and clear and procedures for assuming and assigning contracts and leases. That approval preceded the January 2019 plan confirmation and the subsequently reported effectiveness.

4 West Holdings' March 6, 2018 Chapter 11 proceeding reached plan effectiveness, followed by a final decree Dkt. 2066 entered June 16, 2020. The court confirmed the reorganization plan on January 14, 2019; the effectiveness notice Dkt. 1386, filed February 13, 2019, reported the subsequent milestone.

4 West Holdings, Inc.'s Chapter 11 restructuring produced a confirmed, effective reorganization plan, followed by the court's June 16, 2020 final decree Dkt. 2066. The court confirmed the Modified Third Amended Joint Plan Dkt. 1361 on January 14, 2019, and the debtors reported plan effectiveness in a notice filed February 13, 2019 Dkt. 1386.

The company filed its Chapter 11 petition Dkt. 1 on March 6, 2018. Operating as Orianna Health Systems, the debtors managed 42 skilled nursing facilities across seven states and employed approximately 5,000 people. The first-day declaration Dkt. 19 reported approximately $52 million in unpaid rent owed to the Omega Parties, in addition to borrowings under a Sterling revolving credit facility and an Omega working-capital loan. Those obligations framed a restructuring centered on the facility portfolio and its relationship with Omega.

The same declaration Dkt. 19 described an initial restructuring support agreement with Omega and plan sponsor SC-GA 2018 Partners, LLC. It contemplated transferring underperforming facilities to new operators and a sponsor investment in exchange for equity in the reorganized debtors. The proposed consideration was $195 million in cash plus a $30 million note; Omega also proposed a $30 million DIP financing facility. These were the proposed transaction terms at filing.

The court's May 14, 2018 final DIP financing order Dkt. 376 authorized senior secured priming postpetition financing, cash-collateral use, and adequate protection for prepetition secured parties. On October 4, 2018, the court entered a sale order Dkt. 1041 approving the sale of certain assets free and clear and procedures for assuming and assigning contracts and leases. That approval preceded the January 2019 plan confirmation and the subsequently reported effectiveness.