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Assets of Residential Solar Panel Provider Business

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Listing Information

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Assets of Residential Solar Panel Provider Business



Price: Not Specified

Other Item Info
Item #: debke_194050
Created: 09/05/2024
Category: Business Property > All Assets or Going Concerns > Alternative Energy
Sale Location: Wilmington, Delaware
Sale Date: Wed. Oct 9, 2024
Seller Info
Erin L. Williamson
Debtor's Attorney
1201 North Market Street, Ste 1600
Wilmington, DE 19899-1347
302-351-9123
Bankruptcy Info
Case #: 1:24-bk-11916
Case Title: Lumio Holdings, Inc.
Court: Delaware Bankruptcy Court
Chapter: 11
View Case Docket

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Description

Sale of substantially all of assets of Lumio Holdings, Inc., et al., (the “Sellers”), include all of each seller's right, properties, title and interest in and to, as of the Closing, all assets relating to the Business, including, among other assets, certain contracts, leases, intellectual property, inventory, accounts receivable, permits and insurance proceeds, in each case, relating to the Business, as well as causes of action, including certain avoidance actions.

Assets are more described on the attached PDF.


Sale Location

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1201 N Market Street, 16th Floor
Wilmington, DE, 19801

Additional Details

  1. Auction Time: 10:00 a.m.
  2. Sale Hearing Held on October 14, 2024.
  3. Purchase Price: The aggregate consideration for all or substantially all of the sellers' assets will be (i) a credit bid, pursuant to section 363(k) of the Bankruptcy Code, in an aggregate amount of $100,000,000, consisting of, on a dollar for dollar basis, (A) the Specified Credit Obligations and (B) the full amount of the DIP Obligations outstanding as of the Closing Date; and (ii) the assumption of the Assumed Liabilities. The Stalking Horse Bidder shall have the unqualified right at any time to credit bid on a dollar-fordollar basis up to the full amount of the Prepetition Secured Term Loan Obligations and the DIP Obligations.
  4. Bid Increment: $250,000
  5. Bid Deposit: 10% of the aggregate value of the cash and non-cash consideration of the Bid
  6. Bid Deadline: October 7, 2024
  7. Last date to respond: October 3, 2024


Other Information

Terms and Conditions:

See Attached.


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