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July 7, 2020
 

Blitz Energy Services, LLC Auction

Holland & Knight LLP (Brian Smith and David C. Schulte), counsel for secured party, announces a public UCC Article 9 foreclosure auction of accounts receivable and other personal property of Blitz Energy Services, LLC. Bid qualification deadline is July 21; auction is July 24. See full notice here.
 

STOF Revenue Stream Holdco LLC

Reed Smith (Scott M. Esterbrook), counsel for secured party, announces a public auction to be held on July 23, 2020 for certain equity interests held by Coastal Development, LLC in STOF Revenue Stream Holdco LLC. Such equity interests relate to certain non-gaming revenue generated by U.S. Casinos from and by Power Plant Entertainment, LLC. See full notice here.
 

Recharacterization and Equitable Subordination: How Do They Differ?

While these two doctrines have similar outcomes, their underlying purposes differ and precise results differ. While one doctrine evaluates the existence of a debt, the other evaluates the creditor’s conduct of the holder of debt. Learn more in “90 Second Lesson: What Is the Difference Between Recharacterization and Equitable Subordination?"
 

DailyDAC’s Opportunistic Deal Database

Do you want to see hard-to-find information about distressed company asset sales? The DailyDAC ODD Research Team culls thousands of newspapers, court dockets, government databases, and other little-know resources - daily - to bring a small, limited group of subscribers information about current and future opportunities. There is nothing else like it. Click here for more info.
About the Opportunistic Deal Database
Vulture Investors Take Note:

Looking to buy companies out of bankruptcy? Assets of financially distressed companies in receivership, assignment or from lenders who have foreclosed on, and are selling, their collateral under Article 9 of the UCC? Search for excess assets resulting from plant closings? Targeting other sellers who need to sell urgently and other opportunistic/special situations?

Check out DailyDAC's Opportunistic Deal Database (ODD). The ODD culls such opportunities.

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The deals listed here were added to the ODD throughout the seven day period ending this past Sunday. The number in parentheses next to each deal is its unique ID number, included so our paid subscribers can easily find these deals on our website.
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Secured Party Sales

  1. Commercial Real Estate, Trucks, & Equipment - (24001)
  2. Commercial office building - 1,000 sq. ft. - (24003)
  3. 59.7 Acres - Commercial development land - (24002)
  4. Retailer of riding apparel - (24004)
  5. Energy services provider - (24000)

Private Company Sales

  1. Electronic motor manufacturing company - (24005)
  2. Manufacturer of farming equipment - (24008)
  3. Industrial equipment manufacturer - (24010)
  4. Wood & Metal Stairs Manufacturer - (24007)
  5. Food manufacturer - (24009)

Assignment for the Benefit of Creditors Sales

  1. Portfolio - 454 student loan obligations - (24036)
  2. Perfume retailer & wholesaler - (24038)
  3. Wholesale importer & exporter - (24039)
  4. Investment services company - (24040)
  5. Cosmetics retailer - (24037)

Chapter 11 - 363 Sales

  1. Memorabilia collection - 413 Barbie dolls - (23999)
  2. Oil & gas well mineral rights - (23994)
  3. Interest in three judgements - (23998)
  4. Interest in final judgement - (23997)
  5. Unsecured promissory note - (23996)

Chapter 11 - Investment Banker Application Filed

  1. Digital medicine provider - (23982)
  2. Chain of fitness centers - (23983)

Chapter 11 - Case Filing Indicates Future Asset Sale

  1. Industrial trucking company - (23986)
  2. Commercial leasing company - (23985)

Chapter 7 - Sale of Business Assets

  1. Estate furnishings, antiques & collectibles - (23981)
  2. Six commercial land parcels - 650+/- acres - (23978)
  3. Commercial building - Land 9,350 sq. ft. - (23966)
  4. Real estate, tractors & equipment - (23965)
  5. Trucking company (w/equipment) - (23979)
  6. Jewelry - Estate collection - (23964)
  7. Two residential lots - (23980)

Chapter 12 Bankruptcy

  1. No New Deals This Week
10th Real Estate Mezzanine Financing Summit

Rating Agency Alerts/Other Signs of Distress

  1. Virtual payment services provider - (23991)
  2. Blockchain technology business - (23989)
  3. Consumer healthcare company - (23990)
  4. Financial services company - (23987)
  5. Film producer - (23988)

Auctions

  1. 8+/- Industrial Acres with 10,344+/- SF Building - (24046)
  2. Industrial, business equipment & vehicles - (24047)
  3. Historic machine shop (w/equipment) - (24048)
  4. Commercial land - .895 AC - (24045)
  5. Machine shop equipment - (24042)

Other Interesting Sales

  1. Chain of home decor & home improvement stores - (24019)
  2. Independent exploration & production company - (24017)
  3. Operator of 64 radio stations & websites - (24018)
  4. Manufacturer of power gasoline engines - (24020)
  5. Fast-food franchisee company - (24016)

Bulk Sales

  1. Bar & grill restaurant (w/equipment) - (24033)
  2. Franchised pizza restaurant - (24031)
  3. Commercial beverage license - (24032)
  4. Frozen yogurt shop - (24035)
  5. Firewood supplier - (24034)

Receiverships

  1. Distributor of branded travel luggage - (24026)
  2. Mill & wood products manufacturer - (24029)
  3. Oilfield services provider - (24027)
  4. Asset management company - (24030)
  5. Real estate developer - (24028)

Mass/Significant Layoffs

  1. Information technology company - (24012)
  2. Food service handling company - (24014)
  3. Automotive auction company - (24013)
  4. Metal & titanium supplier - (24011)
  5. Aircraft engine supplier - (24015)

Plant/Facility Closings

  1. Information management services company - (24025)
  2. Door & surface tops manufacturer - (24021)
  3. Athletic apparel manufacturer - (24023)
  4. Healthcare services company - (24024)
  5. Electrical utility provider - (24022)
View All Deals on DailyDac.com


 
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