Mid-Continent Power – Cogeneration and Independent Power Producer:

by ldc55 | Aug 23, 2024 | CRO, Receiver & Fiduciary Person Services, RESTRUCTURING & FIDUCIARY PRACTICE

Retained by a cogeneration power company as the CEO/CRO at the request of the senior secured lender to evaluate strategic options to recover funds by reopening/renegotiating power purchase agreements and steam contracts; evaluated options to monetize the power...

Diversified Marketing Service Receivership – Magazine Subscription Company

by ldc55 | Aug 23, 2024 | CRO, Receiver & Fiduciary Person Services, RESTRUCTURING & FIDUCIARY PRACTICE

Appointed Independent Receiver at request of Federal Trade Commission; modified sales, marketing and collection practices to enable an agreement for consumer redress to be agreed upon.

Osage Exploration and Development- Nemaha Ridge E&P Company

by ldc55 | Aug 23, 2024 | CRO, Receiver & Fiduciary Person Services, RESTRUCTURING & FIDUCIARY PRACTICE

Chief Restructuring Officer, appointed at request of the senior lender, Apollo Energy Group (NYC), in charge of strategy to preserve cash, obtain DIP financing and market Nemaha, Mississippi properties through a compressed sale procedure process; effectuated § 363...

Moore Medical Center – Community Hospital

by ldc55 | Aug 23, 2024 | CRO, Receiver & Fiduciary Person Services, RESTRUCTURING & FIDUCIARY PRACTICE

Independent Director and Financial Advisor for a privately held community hospital during development, construction, pre-opening and full operation; involved in contract negotiations, procuring the equipment package, bond financing and accounts receivable financing;...

Trey Resources – E&P Company

by ldc55 | Aug 23, 2024 | CRO, Receiver & Fiduciary Person Services, RESTRUCTURING & FIDUCIARY PRACTICE

Independent Receiver appointed at the request of the senior lender, Carlyle Energy (NYC), to stabilize and bring into production shut-in and partially drilled/completed properties; conducted over 100 title opinions; investigated drilling, completion, operating...

JDC Drilling – Privately Held IADC Drilling Company

by ldc55 | Aug 23, 2024 | CRO, Receiver & Fiduciary Person Services, RESTRUCTURING & FIDUCIARY PRACTICE

Chief Restructuring Officer appointed at the request of equity sponsor, to direct the borrower with over $100 million in non-performing debt through a structured merger process into a larger drilling company platform; Addressed sales tax issues relative to sale of...