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 July 14, 2020
 

STOF Revenue Stream Holdco LLC

Reed Smith (Scott M. Esterbrook), counsel for secured party, announces public auction 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.
 

Blitz Energy Services, LLC Auction

Lauletta Birnbaum, LLC, counsel for secured party, announces Article 9 auction of all the assets of CLEANLIGHT POWER+ENERGY, MT. LAUREL, LLC on July 31, including 100% of the membership interests of CleanLight Energy, LLC. See full notice here.
 

Cleanlight Power+Energy, Mt. Laurel

Lauletta Birnbaum, LLC, counsel for secured party, announces Article 9 auction of all the assets of CLEANLIGHT POWER+ENERGY, MT. LAUREL, LLC on July 31, including 100% of the membership interests of CleanLight Energy, LLC. Click here for more information.
 

Very Fine Motels, Inc.

Advantageous Equities, L.L.C., agent for secured party, announces Article 9 auction of tangible personal property of Very Fine Motels, Inc. on July 23. Click here for more information.
 

Time to Proofread Your Collateral Descriptions. Are You Making These Costly Mistakes?

When collateral descriptions don’t add up in security agreements and financing statements, a secured party’s security interest can be at stake - opening up potentially expensive disputes. Jennifer Howard, an attorney at Rimon Law, lists the most common errors found in collateral descriptions in “6 Common Mistakes in Drafting Collateral Descriptions.”
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.

Secured Party Sales

  1. Membership interests - cannabis investment companies - (24097)
  2. Developer of water purification devices - (24100)
  3. 118,850 sq. ft. - Industrial Building - (24102)
  4. Commercial property - 1,200 sq. ft. - (24099)
  5. Commercial lot - 0.34 acres - (24101)

Private Company Sales

  1. Metal fabricator & industrial field service company - (24128)
  2. Temperature & pressure instrument manufacturer - (24127)
  3. Industrial Service & Fabrication Company - (24129)
  4. Electric motor manufacturing company - (24125)
  5. Wood & metal stairs manufacturer - (24126)
  6. Industrial Service & Fabrication Company

Assignment for the Benefit of Creditors Sales

  1. Investment services firm - (24145)
  2. Building contractor - (24146)
  3. Diversified assets - (24098)
  4. Floral wholesaler - (24144)

Chapter 11 - 363 Sales

  1. Hospitality management company - (24110)
  2. Lead-acid battery manufacturer - (24093)
  3. Resort hotel/inn - 62 rooms - (24092)
  4. Retail distribution center - (24095)
  5. Home kitchenware retailer - (24108)

Chapter 11 - Investment Banker Application Filed

  1. No New Deals This Week

Chapter 11 - Case Filing Indicates Future Asset Sale

  1. Pharmaceutical holding company - (24113)
  2. Medical practice - (24112)

Chapter 7 - Sale of Business Assets

  1. Business equipment & vehicles - Multiple lots - (24105)
  2. Industrial equipment - Multiple lots - (24104)
  3. Land for development - 327.2 acres - (24106)
  4. Estate furniture collection - (24103)
  5. Industrial land - 650 acres - (24107)

Chapter 12 Bankruptcy

  1. No New Deals This Week

Rating Agency Alerts/Other Signs of Distress

  1. Information & transaction processing company - (24117)
  2. Bulk chemical transport company - (24122)
  3. Manufacturer of joint implants - (24116)
  4. Dentistry services provider - (24121)
  5. Medical technology company - (24115)

Auctions

  1. Industrial property - Former airplane hanger - (24155)
  2. Rare coin & jewelry collection - (24157)
  3. Farmland (w/mineral rights) - (24154)
  4. Farmland - 160 acres - (24158)
  5. Farmland - 80 acres - (24156)

Other Interesting Sales

  1. Manufacturer of electrical power generation systems - (24120)
  2. Real estate investment trust - Hotels & lodging - (24091)
  3. Multi-state cannabis operator - (24119)
  4. Oil & gas production company - (24118)
  5. Women's retailer - (24114)

Bulk Sales

  1. Gas station & retail market - (24150)
  2. Retail shipping franchise - (24149)
  3. Full-service restaurant - (24148)
  4. Warehouse facility - (24147)
  5. Shoe retailer - (24151)

Receiverships

  1. Retail facility - 2,336 sq. ft. - (24124)
  2. Nine unit apartment building - (24123)

Mass/Significant Layoffs

  1. Sportswear manufacturer & distributor - (24090)
  2. Domestic & international airline - (24143)
  3. Major league cap manufacturer - (24142)
  4. Airline Catering Company - (24140)
  5. Coal-fired power plant - (24141)

Plant/Facility Closings

  1. Manufacturer of air & gas compressors - (24138)
  2. Distributor of medical supplies - (24135)
  3. New construction home builder - (24139)
  4. Delivery services provider - (24137)
  5. Culinary academy - (24134)
View All Deals on DailyDac.com


 
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