Variant Holding Company, LLC

  1. September 23, 2015

    Variant Gets Blessing For Up To $10M In Extra DIP Money

    Variant Holding Co. won a Delaware bankruptcy judge's approval Wednesday to borrow up to $10 million more from debtor-in-possession lender Beach Point Capital Management LP that will allow the residential real estate company's estate to continue operating its properties and pay its professionals.

  2. September 04, 2015

    Variant Gets Nod For Portion Of $5M In Extra DIP Money

    A Delaware bankruptcy judge gave real estate company Variant Holding Co. LLC the OK on Friday to borrow a portion of the $5.6 million in additional post-petition financing it says it needs, but the full amount, most of which is for professional fees, won't be considered until Sept. 21.

  3. September 02, 2015

    Variant Urges Court Not To Toss Suit Against Ex-CEO

    Variant Holding Co. LLC urged the Delaware bankruptcy court Tuesday not to throw out the adversary action it lodged against its ex-CEO accusing him of interfering with its real estate portfolio sale, arguing that tens of millions of dollars and its prospect of reorganization are at stake.

  4. July 24, 2015

    Ex-Variant CEO Barred From Interfering With Ch. 11 Sale

    A Delaware bankruptcy judge granted a temporary order Friday forbidding Variant Holding Co. LLC's former CEO and his associates from interfering with the debtor's real estate portfolio sale and commanded that the $750,000 alleged to have been taken from the company be transferred to the court until further notice.

  5. July 22, 2015

    Variant Claims Ex-CEO Stole $750K, Flouted Court Order

    Bankrupt commercial real estate company Variant Holding Co. LLC sued its former CEO and his associates Tuesday, alleging that he absconded with about $750,000 and disregarded a court order, claims that stemmed from a fraud investigation sanctioned by a Delaware bankruptcy judge.

  6. July 16, 2015

    Variant Allowed Part Of Ch. 11 Probe Request Into Ex-Brass

    A Delaware bankruptcy judge allowed real estate firm Variant Holding Co. LLC to open a narrow investigation into a purported side deal the debtor alleges could have breached a prepetition credit agreement, but would not permit a wider probe of its ex-CEO stemming from fraud allegations early in the case.

  7. June 18, 2015

    Bankrupt Variant's Equity Holders Challenge $205M Sale Order

    Equity holders in Variant Holding Co. LLC said Thursday that they are appealing a Delaware bankruptcy judge's decision allowing the company to sell its real estate portfolio for $205 million, a $30 million reduction from a previously approved price.

  8. June 05, 2015

    Bankrupt Variant Gets Nod For Reduced $205M Sale

    A Delaware bankruptcy judge on Friday gave Variant Holding Co. LLC approval the sell its real estate portfolio for $205 million, a $30 million reduction, overruling objections from equity holders that wanted the debtor to holdout for a better alternative.