This is a public record generated listing.

Assets of Pioneer Terminal 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 Pioneer Terminal Business



Price: $9,000,000.00


Other Item Info
Item #: mnbke_434062
Created: 01/05/2017
Category: Business Property > All Assets or Going Concerns > Oil Equipment, Services & Distribution
Sale Location: Houston, Texas
Sale Date: Mon. Jan 23, 2017
Seller Info
Michael F McGrath
Debtor's Attorney
4545 IDS Center 80 South Eighth Street
Minneapolis, MN 55402
612-332-8511
Bankruptcy Info
Case #: 4:16-bk-43711
Case Title: DAKOTA PLAINS HOLDINGS, INC.
Court: Minnesota Bankruptcy Court
Chapter: 11
View Case Docket

See More Documents

Description

Auction Sale of substantially all of the Dakota Plains Holdings, Inc. Sale all of the right, title and interest in, to and their Pioneer Terminal located New Town, North Dakota (the “Terminal”), including the following, but excluding the Excluded Assets, described as below:

  • All of Sellers’ properties, rights, claims and assets (other than the Excluded Assets) of every kind and description, wherever situated or located, real, personal or mixed, tangible or intangible, contingent, owned, leased, or licensed, for use in or relating to the Terminal, whether or not reflected on the books and records of Sellers, as the same shall exist on the Closing Date;
  • All of Sellers’ rights, title and interests in any intellectual property, including, but not limited to any copyrights, trades secrets, trademarks, service marks, patents, or applications therefor;
  • The Owned Real Property listed on Schedule 1.1(d);
  • The improvements on the Owned Real Property;
  • All tangible assets of Sellers relating to the Terminal, indicating whether the assets are owned by the Sellers as set forth on Schedule 1.1(f), including, without limitation, the tangible assets of Sellers located at the Locations listed on Schedule 1.1(f);
  • Any chattel paper owned or held by Sellers relating to the Purchased Assets other than the Excluded Assets;
  • All other or additional assets, properties, privileges, rights (including prepaid expenses) and interests of Sellers relating to the Purchased Assets other than the Excluded Assets of every kind and description and wherever located, whether known or unknown, fixed or unfixed, accrued, absolute, contingent or otherwise, and whether or not specifically referred to in this Agreement; and
  • All Permits and all pending applications therefor listed on Schedule 1.1(i), and more particularly described in Page No. 113 to 115 on the attached PDF.

Sale Location

Javascript is required to view this map.
811 Main Street, Suite 1100
Houston, TX, 77002-6111

Additional Details

Auction Time: 10:00 a.m

Sale hearing held on January 27, 2017 at 10:00 a.m

The aggregate cash consideration proposed by each Bid must equal to, or exceed, the sum of (A) the Bid Value set forth in the Stalking Horse Bid; (B) the Breakup Fee; plus (C) $100,000 (the “Initial Minimum Overbid”).
Bid Increment: $50,000
Bid Deposit: $1.71 million
Bid Deadline: On or before January 19, 2017 at 11:59 p.m



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.