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GT Advanced Technologies, Inc.

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Case overview

Case Number:

1:14-bk-11916

Court:

New Hampshire

Nature of Suit:

Firms

Companies

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  1. October 27, 2015

    GTAT Creditor Says Exclusivity Extension Would Cost Estate

    Creditor PC Connection Sales Corp. urged a New Hampshire bankruptcy judge Monday to deny former Apple Inc. screen-manufacturing partner GT Advanced Technologies Inc.'s bid to extend the period in which it can file a reorganization plan, saying an extension would likely cost the estate $15 million.

  2. October 01, 2015

    Bonuses For GT Executives Blocked By Bankruptcy Judge

    A New Hampshire bankruptcy judge on Wednesday denied GT Advanced Technologies' bid to set aside bonuses for the company's chief and other top executives, saying the extra compensation would be for work they should already be doing as they guide the manufacturer through Chapter 11.

  3. July 27, 2015

    GTAT Lands $95M DIP Loan From Bondholders

    Former Apple Inc. screen-manufacturing partner GT Advanced Technologies Inc. has won permission for a $95 million debtor-in-possession loan supplied by bondholders to keep it going as it continues to work through its bankruptcy.

  4. July 09, 2015

    US Trustee Fights GTAT Severance Payments To Workers

    Employees of former Apple Inc. screen-manufacturing partner GTAT Advanced Technologies Inc., whose soured relationship with the tech giant drove it into bankruptcy, should not receive severance payments of as much as $180,000, the U.S. trustee in the case said Thursday.

  5. March 31, 2015

    GT Strikes Deal For $45M Ch. 11 Asset Sale

    A unit of sapphire maker GT Advanced Technologies Inc. requested a New Hampshire bankruptcy court's blessing Tuesday for a $45 million sale of sapphire furnaces and the maintenance of an IP licensing deal, which would hand off furnaces originally intended to make screens for Apple Inc. phones to an unknown Chinese buyer.

  6. March 16, 2015

    GTAT Bondholders Top TPG In Ch. 11 Loan Competition

    A group of GT Advanced Technologies Inc. bondholders that initially lost out on funding the company's restructuring has convinced it to accept a sweetened $95 million financing offer over a rival lending package from TPG Capital, according to court records filed Saturday.

  7. March 03, 2015

    GTAT Seeks Approval For $100M DIP Financing

    GT Advanced Technologies Inc. asked a New Hampshire judge Monday for approval of a $100 million debtor-in-possession loan after reporting that the financing would be enough to buoy the company through the Chapter 11 process as it continues to regain its footing following a costly fallout with Apple Inc.

  8. February 11, 2015

    GTAT, Creditors Fail 2nd Attempt At Exec Bonuses

    A New Hampshire bankruptcy judge on Wednesday rejected a redoubled effort by GT Advanced Technologies Inc. and its unsecured creditors' committee to push through employee bonuses in hopes of retaining top executives, saying the company failed to explain why he should reconsider his earlier decision.

  9. December 15, 2014

    GTAT Placates Creditor Worries Over $439M Apple Deal

    The judge presiding over GT Advanced Technologies Inc.'s bankruptcy case approved a modified $439 million settlement with Apple Inc. of the dueling commercial tort claims surrounding the failed sapphire production partnership that drove GT into Chapter 11.

  10. December 12, 2014

    Apple Defends $439M GTAT Pact, Fires Back At Creditors

    Apple Inc. on Friday took aim at opponents of its $439 million settlement with bankrupt former partner GT Advanced Technologies Inc., hitting back at creditor criticism and championing the deal as fair for all involved.

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