California Pizza Kitchen reached plan effectiveness in its 2020 restructuring, as reported in the November 23, 2020 notice of effectiveness Dkt. 635. The subsequent filings concern post-emergence administration, including a January 6, 2021 administrative-expense application Dkt. 676 seeking $165,500.87 for postpetition rent and electricity; a ruling on that request and a further restructuring milestone are not established.

California Pizza Kitchen’s reorganization plan was confirmed on October 29, 2020, through the confirmation order Dkt. 600, and its November 23, 2020 notice of effectiveness Dkt. 635 reported emergence. The company had filed its Chapter 11 petition Dkt. 1 on July 29, 2020.

The pandemic disrupted a restaurant business that derived 78% of sales from in-store dining. According to the July 30, 2020 CEO declaration Dkt. 5, weekly net sales fell 77%, from $11.3 million to $2.5 million by March 2020, and the company experienced $18.9 million of negative net cash flow from March through June despite shifting toward takeout and delivery. The proposed restructuring sought to reduce prepetition debt and extend maturities, with support from approximately 100% of priority first-lien term-loan holders and 78% of first-lien term-loan holders.

The September 23, 2020 final financing order Dkt. 425 authorized cash-collateral use and up to $107,630,071 in DIP loans, including $46,875,000 in new-money loans. The court also entered a bidding-procedures order Dkt. 424 that day, but the operative outcome was confirmation and effectiveness of the second amended reorganization plan.

Post-emergence filings addressed claims and lease matters. On January 6, 2021, TFCF Interactive Media LLC, formerly Fox Interactive Media LLC, filed an administrative-expense application Dkt. 676 seeking $165,500.87 for allegedly unpaid postpetition rent and electricity at the Playa Vista premises through the September 28, 2020 sublease rejection. On April 6, 2021, Castle & Cooke Commercial-CA filed a withdrawal of its lease-assumption objection Dkt. 31. No ruling on the administrative-expense request or next material milestone is established.

California Pizza Kitchen reached plan effectiveness in its 2020 restructuring, as reported in the November 23, 2020 notice of effectiveness Dkt. 635. The subsequent filings concern post-emergence administration, including a January 6, 2021 administrative-expense application Dkt. 676 seeking $165,500.87 for postpetition rent and electricity; a ruling on that request and a further restructuring milestone are not established.

California Pizza Kitchen’s reorganization plan was confirmed on October 29, 2020, through the confirmation order Dkt. 600, and its November 23, 2020 notice of effectiveness Dkt. 635 reported emergence. The company had filed its Chapter 11 petition Dkt. 1 on July 29, 2020.

The pandemic disrupted a restaurant business that derived 78% of sales from in-store dining. According to the July 30, 2020 CEO declaration Dkt. 5, weekly net sales fell 77%, from $11.3 million to $2.5 million by March 2020, and the company experienced $18.9 million of negative net cash flow from March through June despite shifting toward takeout and delivery. The proposed restructuring sought to reduce prepetition debt and extend maturities, with support from approximately 100% of priority first-lien term-loan holders and 78% of first-lien term-loan holders.

The September 23, 2020 final financing order Dkt. 425 authorized cash-collateral use and up to $107,630,071 in DIP loans, including $46,875,000 in new-money loans. The court also entered a bidding-procedures order Dkt. 424 that day, but the operative outcome was confirmation and effectiveness of the second amended reorganization plan.

Post-emergence filings addressed claims and lease matters. On January 6, 2021, TFCF Interactive Media LLC, formerly Fox Interactive Media LLC, filed an administrative-expense application Dkt. 676 seeking $165,500.87 for allegedly unpaid postpetition rent and electricity at the Playa Vista premises through the September 28, 2020 sublease rejection. On April 6, 2021, Castle & Cooke Commercial-CA filed a withdrawal of its lease-assumption objection Dkt. 31. No ruling on the administrative-expense request or next material milestone is established.