This is a public record generated listing.

Assets of Foil Balloons Manufacturing Business

Please note that this listing has expired. To view active listings, please subscribe to one of our plans.
Add to Dashboard

Listing Information

Attachments

Assets of Foil Balloons Manufacturing Business



Price: Not Specified

Other Item Info
Item #: txsbke_467490
Created: 11/10/2023
Category: Business Property > All Assets or Going Concerns > Personal Goods
Sale Location: New York, New York
Sale Date: Tue. Dec 5, 2023
Seller Info
Thomas A Howley
Debtor's Attorney
711 Louisiana Street, Ste 1850
Houston, TX 77002
713-333-9125
Bankruptcy Info
Case #: 9:23-bk-90901
Case Title: Anagram Holdings, LLC and Anagram International, Inc.
Court: Texas Southern Bankruptcy Court
Chapter: 11
View Case Docket

See More Documents

Description

Sale of substantially all of assets of Anagram Holdings, LLC and its seller subsidiaries (collectively, the “Sellers”) which includes:

(i) Deposits and prepaid charges and expenses of the Sellers relating to the business (to the extent utilizable by Purchaser); (ii) avoidance actions related to the business; (iii) real property and rents arising from the lease thereof and all leasehold or possessory interest; (iv) UCC accounts, general intangibles, receivables, cash and cash equivalents (except for cash held in escrow for the purposes of payment of professional fees); (v) certain contracts; (vi) certain employee benefit plans; (vii) certain equipment and rights to warranties and licenses with respect to such equipment; (viii) accounts receivable; (ix) open purchase orders with customers; (x) inventory; (xi) transferable permits relating to the operation of the business; (xii) any other tangible or intangible assets of Sellers related to the operation of the Business; (xiii) causes of action against any landlords, lessors, vendors, service providers, customers, licensors or similar persons to the extent relating to the assets to be sold or liabilities to be assumed; (xiv) intellectual property and rights of action with respect to infringement thereof; (xv) certain documents, books and records; (xvi) all equity interests held by the Sellers of any direct or indirect foreign subsidiary; (xvii) all goodwill and other intangible assets associated with the business; (xviii) rights arising under certain insurance policies; (xix) certain rights under agreements with current or former employees, directors, consultants or independent contractors; and (xx) refunds, credits and rebates of taxes.


Sale Location

Javascript is required to view this map.
425 Lexington Avenue
New York, NY, 10017

Additional Details

  1. Auction Time: 9:00 a.m.
  2. Sale Hearing Held on December 18, 2023.
  3. Purchase Price: Total consideration equals the sum of (i) a credit bid of all amounts outstanding under (including principal, pre- and post-petition interest and prepayment premiums) the DIP Notes Facility and the First Lien Notes, which equals $168,419,102.89; (ii) a cash payment sufficient to repay the DIP ABL Facility in full in accordance with its terms, unless the DIP ABL Facility is assumed by the Stalking Horse Bidder with the prior written consent of the lender under the DIP ABL Facility; (iii) a minimum cash payment sufficient to fund the wind-down of the seller's estates; and (iv) the assumption of Assumed Liabilities.
  4. Bid Deposit: 10% of the purchase price
  5. Bid Deadline: November 30, 2023
  6. Last date to respond: December 11, 2023


Other Information

Terms and Conditions:

See Attached.


Subscribe to our free newsletters

* indicates required
Send me information about...
Choose the CaseFolder where you want to see this Deal, or create a new CaseFolder Lite.