UMB Bank, National Association (“Collateral Agent”), as collateral agent for lenders Pine River Master Fund Ltd. and Pine River Fixed Income Master Fund Ltd. (collectively, “Lenders”), hereby gives notice that Amur Finance IV LLC (“Debtor”) has committed events of default under various agreements including (a) a Secured Revolving Credit Agreement, dated as of August 5, 2013 (as amended, the “Credit Agreement”), executed by Debtor, Lenders, and other parties thereto, and (b) a Security Agreement dated August 5, 2013 executed by Debtor, Lenders, and other parties thereto (the “Security Agreement”). Collectively, the Credit Agreement and the Security Agreement, including amendments and modifications, along with certain related documentation, are referred to as the “Loan Documents” hereinafter.
NOTICE IS HEREBY GIVEN that Collateral Agent, in accordance with its rights under the Loan Documents and in accordance with Section 9-610 of the Uniform Commercial Code, will hold one or more public sales, in bulk or in parcels, of a portion of the personal property of Debtor in which Collateral Agent has a security interest (the “Subject Collateral”), summarized as follows (interested parties should contact the Collateral Agent as noted below for a full description): All of the right, title and interest of Debtor in and to the following (a) 7,546.22 shares of Series A Preferred Stock of Amur Equipment Finance, Inc., par value $1,000 per share; (b) 100% of the Class A, Series I Interests in Amur JMW Aviation LLC, approximate par value $30 million; (c) 100% of the Class A, Series 1 Interests in Amur Aviation LLC, approximate par value $27.15 million; (d) Loan from Debtor to Amur Helicopter Financial Services LLC, approximate principal amount $30.25 million; (e) Loan from Debtor to PMC Aviation 2012-1 LLC, approximate principal amount $9.6 million; (f) 29.4% of the membership interests of PMC Aviation 2012-1 LLC; and (g) other collateral under the Security Agreement, including financial assets, accounts, chattel paper, commercial tort claims, documents, equipment, and general intangibles.
Some or all of the Subject Collateral will be sold by Collateral Agent at one or more public sales to be held on or after 10:00 a.m. on December 5, 2018, at the New York City offices of Sheppard Mullin Richter & Hampton LLP, located at 30 Rockefeller Plaza, New York City, New York 10112. Lenders have engaged Braun Worldbid (bond number 0677820) to advise and assist with the sale process.
THE SALE OF THE SUBJECT COLLATERAL WILL BE “AS IS”, “WHERE IS”, “WITH ALL FAULTS”, WITHOUT EXPRESS OR IMPLIED WARRANTIES OF TITLE, MERCHANTABILITY, QUALITY OR FITNESS OR ANY OTHER EXPRESS OR IMPLIED WARRANTIES.
Persons interested in attending the sale and bidding for the Subject Collateral may obtain additional information by contacting Collateral Agent at UMB Bank, National Association, 120 South 6th Street, Suite 1400, Minneapolis, MN 55402, Attention: Mr. Gavin Wilkinson, firstname.lastname@example.org, (612) 337-7001.
The editors and editorial board of DailyDAC include preeminent restructuring and insolvency professionals, journalists, and editors. They are devoted to providing reliable and plain English education and deal intelligence about assignments, corporate bankruptcy, receiverships, out-of-court workouts an similar topics.
90 Second Lesson: If I File a Chapter 7 Bankruptcy, Are the Assets of My Single-Member LLC Safe From the Trustee?
JOINT NOTICE OF PUBLIC SALE BY ORDER OF THE SECURED PARTY AND ASSIGNEE FOR THE BENEFIT OF CREDITORS OF MODAGRAFICS, INC.
What Happens in the BVI, Doesn’t Stay In The BVI – Clawbacks of Fraudulent Transfers
PUBLIC NOTICE OF SALE BY TRUSTEE/ASSIGNEE: The Roy Houff Company & SJR Enterprises
Section 363 Sale: Free and Clear of Claims That Are Backed By Strong Public Policies
PUBLIC NOTICE OF BANKRUPTCY SALE: Medical Office Building
Please log in again. The login page will open in a new window. After logging in you can close it and return to this page.
Our weekly newsletter, sent every Tuesday at 9am, includes: