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56Chevy

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56Chevy

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Re: None

Thursday, 05/30/2013 3:22:21 PM

Thursday, May 30, 2013 3:22:21 PM

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The DIP lender will credit bid $338MM and be the stocking horse bidder.

Purchase Price: The Trustee, as agent for the First Lien Lenders, shall surrender and release a portion of the Indenture Obligations through a credit bid, in the aggregate principal amount of Three Hundred Thirty-Eight Million Dollars ($338,000,000) (such amount as may be increased pursuant Stalking Horse APA), and Purchaser shall assume the Assumed Liabilities (the “Stalking Horse Bid”).

[...the Debtors will conduct an Auction on August 28, 2013 commencing at 10:00 a.m. (prevailing Central Time) at the offices of Andrews Kurth LLP, 600 Travis, Suite 4200, Houston, Texas 77002 or such other time or other place to be determined
by the Debtors.]

Source: Epiq Doc # 379

http://dm.epiq11.com/GMX/Docket#Debtors=4967&RelatedDocketId=&ds=true&maxPerPage=25&page=2

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