Examples of HoldCo Creditor Ad Hoc Group in a sentence
After their review, each of the Xxxxxxx Ad Hoc Group, the Xxxxxxx Crossover Ad Hoc Group, and the HoldCo Creditor Ad Hoc Group ultimately supported the Gogo Transaction.
During the entirety of the Sale Process, the Debtors coordinated with the key stakeholders in these Chapter 11 Cases, including (i) the Creditors’ Committee, (ii) the Xxxxxxx Ad Hoc Group, (iii) the Xxxxxxx Crossover Ad Hoc Group, and (iv) the HoldCo Creditor Ad Hoc Group, as well as the U.S. Trustee.
In addition, after extensive arms’ length negotiation, on February 11, 2021 the Debtors and the HoldCo Creditor Ad Hoc Group agreed to the terms of a settlement regarding the treatment of claims against the HoldCos.
On or about August 19, 2020, certain creditors, within each of the Xxxxxxx Ad Hoc Group, the Xxxxxxx Crossover Ad Hoc Group, and the HoldCo Creditor Ad Hoc Group, became restricted to receive confidential information regarding the Gogo Transaction.
The Debtors also engaged with and gained the support for the DIP Facility of the HoldCo Creditor Ad Hoc Group, the U.S. Trustee, and the Creditors’ Committee.
In particular, members of the Creditors’ Committee, the Xxxxxxx Ad Hoc Group, Xxxxxxx Crossover Ad Hoc Group, the HoldCo Creditor Ad Hoc Group, and the Convertible Noteholders Ad Hoc Group all received confidential information and attended presentations with the Debtors’ management related to the Business Plan.
Members of the Creditors’ Committee, the Xxxxxxx Ad Hoc Group, Xxxxxxx Crossover Ad Hoc Group, the HoldCo Creditor Ad Hoc Group, and the Convertible Noteholders Ad Hoc Group all received confidential information and attended presentations with the Debtors’ management related to the Business Plan and have been kept apprised of any adjustments made in light of material changes since mid-October.
The advisors to the Special Committees were given access to substantially the same data that had been made available to advisors for the Creditors’ Committee, the Xxxxxxx Ad Hoc Group, the Xxxxxxx Crossover Ad Hoc Group, the HoldCo Creditor Ad Hoc Group, and the Convertible Noteholders Ad Hoc Group.
Following this lengthy process of extensions and negotiations, the efforts of the Debtors, the Xxxxxxx Ad Hoc Group, and the HoldCo Creditor Ad Hoc Group culminated in the formulation and execution of a plan support agreement which outlines the terms of the Debtors’ anticipated restructuring (the “Plan Support Agreement,” attached hereto as Exhibit G).
To that end, the Debtors devoted significant time and resources to providing substantial diligence and document production to the Debtors’ key stakeholders, including the Creditors’ Committee, the Xxxxxxx Ad Hoc Group, the Xxxxxxx Crossover Ad Hoc Group, the HoldCo Creditor Ad Hoc Group, and the Convertible Noteholders Ad Hoc Group related to the Company’s historic and go-forward operations to facilitate negotiation of the Plan.