December 1, 2020
Receive this Newsletter
 

Public Notice of Receivership Sale: The Robbins Company

Bid deadline is December 14th. Sale to be conducted by Inglewood Associates LLC, through its CEO/Managing Director, John K. Lane (“Receiver”). Robbins is one of the world’s foremost providers of advanced, underground construction equipment and services, including Tunnel Boring Machines (TBMs) and related equipment such as conveyors and cutters.

More information on DailyDAC here.
 

Post-Petition Interest: A Battle Between Debtors and Oversecured Creditors

In bankruptcy, an oversecured creditor (i.e. value of its collateral is higher than its claim) is first in line to be paid. Oversecured creditors are also entitled to post-petition interest. As a debtor who successfully increases the value of the asset/collateral—how do you alleviate an increased claim and maintain liquidity? And what say does the secured creditor have in how the interest rate is calculated? Sugar Felsenthal’s Chris Cahill answers these questions in “Lender vs Debtor on the Payment of Post-Petition Interest.”
 
Latest Deals Added to the Opportunistic Deal Database
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.
iGlobal - The Independent Sponsors & Capital Providers Dealmakers Meeting

Secured Party Sales

  1. 6,000 Sq. ft. commercial property - (26217)
  2. Business operations company - (26219)
  3. Hotel & conference center - (26216)
  4. Coin collection - (26215)
  5. Farm equipment - (26218)

Private Company Sales

  1. Millwork & cabinet manufacturing company - (26228)
  2. B2B commercial design & installation co. - (26230)
  3. Waterfront golf resort community - (26226)
  4. Profitable CNC machine shop - (26229)
  5. Farmland - 80 acres - (26227)

Assignment for the Benefit of Creditors Sales

  1. Automotive detail business - (26168)
  2. Creative design company - (26177)
  3. Medical supplier - (26176)

Chapter 11 - 363 Sales

  1. Industrial/sanding equipment - Multiple lots - (26191)
  2. Hazardous waste company (w/equipment) - (26192)
  3. Collectibles, furnishings & jewelry - (26189)
  4. Large Barbie & Ken doll collection - (26190)
  5. Metal Warehouse - 10,150 Sq. Ft. - (26193)

Chapter 11 - Investment Banker Application Filed

  1. Co-working space - (26196)
  2. Apparel company - (26195)
  3. Fitness center - (26194)

Chapter 11 - Case Filing Indicates Future Asset Sale

  1. Chain of music stores - (26197)

Chapter 7 - Sale of Business Assets

  1. Boating, navigation & propulsion equipment - (26186)
  2. Multiple transportation vehicles - (26184)
  3. Transportation equipment - (26188)
  4. Trucking inventory - (26185)
  5. Utility equipment - (26183)

Chapter 12 Bankruptcy

  1. 10.5 acres (w/real estate) - (26198)
  2. Farming equipment - (26200)
  3. Vacant farmland - (26202)

Rating Agency Alerts/Other Signs of Distress

  1. Provider of diabetic health & wellness information - (26212)
  2. Online platform for the nutraceutical industry - (26210)
  3. Food & beverage holding company - (26211)
  4. Developer of mineral properties - (26214)
  5. Biodegradable plastics company - (26213)
  6. eCommerce Internet platform - (26209)

Auctions

  1. Industrial parts manufacturer - (26172)
  2. CNC aerospace machining co. - (26171)
  3. CNC manufacturing facility - (26174)
  4. Oilfield products company - (26170)
  5. Biotechnology company - (26169)
  6. Machine shop - (26175)

Other Interesting Sales

  1. Two industrial buildings (w/equipment) - (26205)
  2. Farming tractors - Multiple lots - (26204)
  3. Industrial & farming equipment - (26208)
  4. Farm machinery - (26206)
  5. Vintage toys - (26207)

Bulk Sales

  1. Branded convenience store & gas station - (26178)
  2. Commercial laundry business - (26181)
  3. Branded shipping business - (26180)
  4. Assisted living community - (26182)
  5. Gastro pub - (26179)

Receiverships

  1. Industrial property - 8,688 sq. ft. - (26238)
  2. Retail facility - 47,451 sq. ft. - (26237)
  3. Retail property - 3,500 sq. ft. - (26240)
  4. Retail space - 1,560 Sq. ft. - (26239)
  5. Residential care facility - (26236)

Mass/Significant Layoffs

  1. Product engineering & manufacturing co. - (26234)
  2. Chain of retail supermarkets - (26233)
  3. Oil & energy company - (26235)
  4. Optical manufacturer - (26231)
  5. Metalworking plant - (26232)

Plant/Facility Closings

  1. Wafer fabrication & assembly plant - (26223)
  2. Global supply vehicle manufacturer - (26224)
  3. Commercial real estate services - (26222)
  4. Buffet/Restaurant chain - (26221)
  5. Pharmaceutical company - (26225)
View All Deals on DailyDac.com
 
DailyDAC, LLC
1954 First Street, Suite 178
Highland Park, IL 60035
847-463-9530
[email protected]