Colt Holding Company LLC

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Case overview

Case Number:

1:15-bk-11296

Court:

Delaware

Nature of Suit:

Firms

Companies

Government Agencies

Morongo Band of Mission Indians

Sectors & Industries:

September 18, 2015
Colt Creditors Double Down On Lease Fight

Colt Defense LLC's unsecured creditors committee on Thursday continued its push in Delaware court for the right to sue the landlord of the gun maker's main manufacturing plant, saying they've been cut out of negotiations over the debtor's lease.
September 11, 2015
Colt Wants Creditors' Potential Suit Over Lease Halted

Colt Defense LLC objected Thursday in Delaware bankruptcy court to its unsecured creditors committee's bid to pursue a lawsuit against the landlord of the gun maker's main manufacturing plant in an effort to get the company's lease extended, saying litigation will undermine the debtor's ongoing settlement talks.
August 19, 2015
Colt Creditors Seek Clarity On Sharing Confidential Docs

The official committee of unsecured creditors in iconic gun maker Colt Defense LLC's Chapter 11 case asked the Delaware bankruptcy court on Tuesday to lay out guidelines for handling the company's confidential information.
August 13, 2015
FTI Overcomes Fee Structure Objections In Colt Bankruptcy

A Delaware bankruptcy judge approved on Thursday a fee structure for FTI Consulting Inc. to advise the committee of unsecured creditors in Colt Defense LLC's Chapter 11, over the objections of a consortium of bondholders who said the package was too lavish.
August 12, 2015
Colt Union Says Any Ch. 11 Buyer Must Take On CBA

The union representing hourly workers for an affiliate of Colt Defense LLC took issue Tuesday with the gunsmith's bankruptcy sale plans, arguing they don't require a buyer to take on the workers' collective bargaining agreement and may not adequately protect roughly $35 million in retirement benefits.
August 06, 2015
Bondholders Balk At FTI Fee Structure In Colt Bankruptcy

The ad hoc consortium of senior bondholders in gunsmith Colt Defense LLC's bankruptcy took aim Wednesday at how the unsecured creditors committee proposes to pay its financial adviser FTI Consulting Inc., arguing the fee structure is too expensive for the work it would be doing.
July 29, 2015
Judge Urges Colt Bondholders To Make Peace With Landlord

A Delaware bankruptcy judge on Wednesday told gunmaker Colt Defense LLC's creditors and the landlord of its main manufacturing plant to consider extending the company's lease, refusing a request by bondholders to order an inquiry into the landlord ahead of a planned September auction.
July 10, 2015
Bankrupt Colt Earns Nod For $75M DIP Package

Iconic gunsmith Colt Defense LLC got the green light for much-needed financing on Friday, winning final approval from a Delaware bankruptcy judge for a $75 million debtor-in-possession package despite opposition from majority stakeholder Sciens Capital Management LLC.
July 09, 2015
Colt Noteholders Defend $75M DIP From Sciens Attack

A group of Colt Defense LLC senior noteholders on Wednesday defended a $75 million bankruptcy financing package for the gun maker opposed by majority stakeholder Sciens Capital Management LLC, saying the arrangement provides Colt badly needed liquidity while keeping the debtor's sales options open.
July 06, 2015
Colt Owner Blasts Bondholder-Backed $75M DIP

Sciens Capital Management LLC, majority stakeholder of Colt Defense LLC, took aim recently at a $75 million debtor-in-possession package lined up by the bankrupt gun maker, claiming the required $55 million debt roll-up would hand control of the Chapter 11 process to a collection of senior noteholders.