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Assets of Aerospace Parts Supplier Business

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Assets of Aerospace Parts Supplier Business



Price: Not Specified

Other Item Info
Item #: debke_182752
Created: 09/26/2020
Category: Business Property > All Assets or Going Concerns > Aerospace & Defense
Sale Location: Wilmington, Delaware
Sale Date: Wed. Dec 2, 2020
Seller Info
Paige Topper
Debtor's Attorney
1201 N. Market Street
Wilmington, DE 19801
302-658-9200
Bankruptcy Info
Case #: 1:20-bk-12399
Case Title: Impresa Holdings Acquisition Corporation
Court: Delaware Bankruptcy Court
Chapter: 11
View Case Docket

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Description

Auction Sale of substantially all of assets of Impresa Holdings Acquisition Corporation (the “Sellers”). The sellers are a premier supplier in the aerospace industry that offer a diverse range of manufacturing services from sheet metal fabrication, precision machining, and aluminum extrusion to more-advanced services, such as hydroforming and titanium hot brake forming, to produce parts and equipment for nearly every aerospace platform, including commercial jets, regional and business aircraft, military aircraft, and civilian and military helicopters.

The sale assets including all real and personal, tangible, and intangible property and assets of the Company of any kind or nature whatsoever, whether now owned or hereafter acquired, and all proceeds, rents, or profits thereof, including, but not limited to, cash and cash equivalents (other than the Wind-Down Amount), accounts receivable, all causes of action related to the Acquired Assets, including all Estate Causes of Action, and other intellectual property and license rights owned by the Company, and more particularly described from Page No. 85-87 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 December 4, 2020 at 10:00 a.m.
  3. Purchase Price: In consideration for the Acquired Assets, the Stalking Horse Bidder shall: (i) Credit bid pursuant to section 363(k) of the Bankruptcy Code in an amount equal to $10.0 million of the principal amount of loans under the Secured Promissory Notes; and (ii) Assume certain liabilities as set forth in the Stalking Horse Agreement.
  4. Bid Increment: $250,000
  5. Bid Deposit: 10% of the purchase price
  6. Bid Deadline: November 30, 2020
  7. Last date to respond: 21 days from the date of service
  8. Date of Service: September 24, 2020


Other Information

Terms and Conditions:

See Attached.


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