This is a public record generated listing.
Assets of Tissue and Paper Manufacturing Business
Listing Information
Attachments
Assets of Tissue and Paper Manufacturing Business
Price: Not Specified
Other Item Info
Item #: debke_183325
Created: 11/10/2020
Category: Business Property > All Assets or Going Concerns > Forestry & Paper
Sale Date: Tue. Dec 15, 2020
Created: 11/10/2020
Category: Business Property > All Assets or Going Concerns > Forestry & Paper
Sale Date: Tue. Dec 15, 2020
Seller Info
Shanti M. Katona
Debtor's Attorney
222 Delaware Avenue Suite 1101
Wilmington, DE 19801
302-252-0920
Debtor's Attorney
222 Delaware Avenue Suite 1101
Wilmington, DE 19801
302-252-0920
Bankruptcy Info
Case #: 1:20-bk-12814
Case Title: Gorham Paper and Tissue, LLC
Court: Delaware Bankruptcy Court
Chapter: 11
View Case Docket
Case Title: Gorham Paper and Tissue, LLC
Court: Delaware Bankruptcy Court
Chapter: 11
View Case Docket
Description
Sale of substantially all of assets of Gorham Paper and Tissue, LLC, et al., (the “Sellers”), including all of the Seller’s properties, assets, and rights of every nature, kind and description, tangible and intangible (including, without limitation, goodwill) used in the ownership, operation, conduct or business of Sellers, wherever such properties, assets and rights are located, whether real, personal or mixed, whether accrued, fixed, contingent or otherwise, including, but not limited to, the Premises, the Personal Property, the Assumed Contracts and the Licenses and Permits (collectively, the “Assets”).
Financial Overview
Income and Expenses ($)
months
Revenue/Gross Income:
Total Expenses:
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Asset and Liability Summary ($)
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Inventory:
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Real Estate:
Total Assets:
Liabilities to assume:
Additional Details
- Auction Time: 10:00 a.m.
- Sale Hearing Held on December 18, 2020.
- Purchase Price: (a) $8,750,000.00 in cash payable by means of a completed federal funds wire transfer to an account or accounts designated by Sellers in writing not later than three (3) Business Days prior to the Closing Date, less the Deposit of $1,000,000.00 (a portion of which shall be funded upon approval of the Bid Procedures), which for the avoidance of doubt, constitutes a component of and shall be credited against the Purchase Price on the Closing Date.; (b) a credit bid pursuant to § 363(k) of the Bankruptcy Code of all the DIP Financing Obligations (as defined in the DIP Credit Agreement) held by Purchaser, which may include any DIP Financing Obligations assigned to, and assumed by, the Purchaser by the DIP Lender, if a party other than the Purchaser holds DIP Financing Obligations at any relevant time, which credit bid, for the avoidance of doubt, shall be credited against the Purchase Price on the Closing Date; and (c) the assumption by Purchaser of the Assumed Liabilities, which shall include the indebtedness owed by White Mountain to the Bank of New Hampshire.
- Bid Increment: $50,000.00
- Bid Deposit: $1,000,000.00
- Bid Deadline: December 11, 2020
- Last date to respond: December 9, 2020