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Public Notices
DailyDAC’s Premium Public Notice Service helps market asset sales on behalf of fiduciaries (e.g., Chapter 11 debtors-in-possession and committees, trustees, receivers, assignees), secured lenders selling collateral under UCC Article 9, and auctioneers to a very large and self-selected group of potential bidders and their advisors. The Service also assists with noticing other events, like claims bar dates, in bankruptcy cases.
Congratulations to Financial Poise Faculty Member, Tom Salerno
Faculty Member Thomas Salerno was part of the team that took Advanced Green Innovations through Chapter 11 restructuring and recapitalization in 10 months.
PUBLIC NOTICE OF COMPANY SALE: Trams International
Trams International, Los Angeles is for Sale. Opportunity for next generation developers of commercial vehicles The company is a vertically integrated design and manufacturing firm, that has been an innovator in the medium and heavy-duty vehicle space for over 30 years. They have extensive experience conceptualizing, designing and building, electric and conventionally powered commercial vehicles. Their operations are integrated under one roof. Trams International Provides: More control of development process Design / prototype / low volume manufacturing Rapid prototyping capabilities Decades of experience under one roof means less risk Value: Save costs, time, and risk, all under one roof. Faster time to market USA design / prototype presence for International Importers Early stage production Custom and concept vehicles Key Company Assets Customer / Industry Base: Public and Private Sector Strong, direct relationships Several hundred diverse, name brand customers Extensive industry and supplier contacts Design: 3D CAD design / modeling / […]
PUBLIC NOTICE OF ARTICLE 9 SALE: EFSWW, LLC, EFreight, LLC, et al.
NOTICE OF PUBLIC DISPOSITION OF COLLATERAL UNDER UNIFORM COMMERCIAL CODE 1. Executive Summary. This is notice of the intention to offer to sell, or cause to be sold, at a public sale conducted in accordance with Article 9 of the Uniform Commercial Code, as enacted in all applicable jurisdictions (“UCC“), and of the invitation to potential buyers to bid at such sale (“Sale”). 2. Date & Location of Sale. August 20, 2020 at 12:00 p.m. (Central Time), at the offices of Goldberg Kohn Ltd., located at 55 E. Monroe, Ste. 3300, Chicago, IL 60603. 3. Name of Companies. EFREIGHT, LLC, EFSWW, LLC (“Borrower“), Cartage Now, LLC, Archgate TMS, LLC, You & I Logistics, LLC, ExactDirect, LLC, efreightsolutions, LLC, and Efreightsolutions Holdings, LLC (“Holdings“) (collectively, “Companies“). 4. Name of Secured Party. Accel-KKR Credit Partners SPV, LLC (“Secured Party“). 5. Asset to be Sold. All of the Companies’ right, title, and interest […]
PUBLIC NOTICE OF ARTICLE 9 SALE: Gemcap Lending I, LLC and GC Acquisition I, LLC
NOTICE OF PUBLIC UCC ARTICLE 9 FORECLOSURE AUCTION Certain Loans and Other Personal Property of GEMCAP LENDING I, LLC and/or GC ACQUISITION I, LLC PLEASE TAKE NOTICE that on August 14, 2020, at 11:00 a.m., Dallas, Texas time, a public sale shall be conducted of the personal property, whether previously, now, or hereafter constituting the items described on Exhibit A (collectively, the “Sale Collateral”) of GEMCAP LENDING I, LLC and GC ACQUISITION I, LLC (each, a “Borrower” or “Debtor” and collectively, the “Borrowers” or “Debtors”). Such public sale will be conducted via an online video conference using Zoom or another similar video conferencing platform. This sale is being held to enforce the rights of MIDCAP FINANCIAL TRUST (the “Secured Party”). Parties interested in participating in such sale should contact counsel for the Secured Party, at the address below, to facilitate attendance via videoconference. A detail of the Sale Collateral subject […]
PUBLIC NOTICE OF CHAPTER 11 SALE: Import Specialties Incorporated d/b/a Heartland America
Public Notice of Chapter 11 Sale: Direct to Consumer Catalog and E-Commerce Retailer, Import Specialties Incorporated d/b/a Heartland America Catalog and E-Commerce Company, Import Specialties Incorporated d/b/a Heartland America (the “Company”), entered Chapter 11 bankruptcy (filed August 2019) protection and ownership is looking to complete an accelerated transaction. Established in 1985, the Company serves customers throughout North America and specializes in providing quality general merchandise at low prices. The current management team has been able to stabilize, and even grow the company during bankruptcy (and the global COVID-19 pandemic). By leveraging a loyal club membership base of recurring customers, the Company is trending towards 8% EBITDA for 2020. REASON FOR SALE Cash flow challenges created by a leveraged capital structure resulted in 2019 financial distress. The Company represents a great acquisition opportunity for a strategic or financial acquirer. RECAST & PROJECTED FINANCIAL HIGHLIGHTS BUSINESS HIGHLIGHTS Newly Established Quality, Dedicated Management […]
PUBLIC NOTICE OF ARTICLE 9 SALE: Very Fine Motels, Inc.
NOTICE OF UCC COLLATERAL SALE The undersigned, ADVANTAGEOUS EQUITIES, L.L.C. (the “Seller”) has been engaged as special agent on behalf of PENDER EAST CREDIT 1 REIT, L.L.C. (the “Lender”), with respect to Lender’s rights and interests in various items of tangible personal property as described in paragraph “(f)” on pages 4 and 5 of a Deed of Trust, Security Agreement and Fixture Filing (the “Security Agreement”) from VERY FINE MOTELS, INC., a Nebraska corporation, dated December 27, 2018, and recorded on January 2, 2019, as Instrument No. 20190102000000720, Deed Book 3215, Page 443, among the land records of Hanover County, Virginia, with the security interest therein created having been perfected by the filing of a UCC Financing Statement on January 10, 2019, as Instrument No. 1901000780-6 in the office of the Nebraska Secretary of State. At the instruction of the secured lender, default having occurred in the obligations secured by […]
PUBLIC NOTICE OF ARTICLE 9 SALE: Cleanlight Power+Energy, Mt. Laurel
NOTICE OF PUBLIC SALE UNDER UCC 1. WUNDER CAPITAL V, LLC (“Secured Party”), to enforce its rights against CLEANLIGHT POWER+ENERGY, MT. LAUREL, LLC, a Delaware limited liability company (“Borrower”), will offer for sale at public auction its Collateral, as that term is defined below. 2. The public auction will take place on July 31, 2020, at 10:00 a.m. (New York City time). 3. The Collateral is defined as and includes the property set forth below: All property and assets of the Borrower, whether currently owned or hereafter acquired by Borrower, wherever located, of every kind and description, tangible or intangible, and all proceeds thereof, including: all goods (including inventory, equipment and accessions thereto), instruments (including promissory notes), documents, accounts and accounts receivable, other receivables, chattel paper (whether tangible or electronic), deposit accounts, letter-of-credit rights (whether or not evidenced by a writing), documents of title, policies, certificates of insurance, commercial tort […]
PUBLIC NOTICE OF SECURED PARTY PUBLIC AUCTION: Coastal Development, LLC
NOTICE OF SECURED PARTY PUBLIC AUCTION NOTICE IS HEREBY GIVEN that SFIV SS-1, LLC (“Secured Party”) will offer for sale at public auction the following property: The Class B Equity Interests owned by Coastal Development, LLC (“Debtor”) in STOF Revenue Stream Holdco LLC, which the Secured Party understands and believes (but makes no representation or warranty as to the accuracy or completeness) constitute all gains and losses relating to payments that are commonly referred to as the “Tranche B Payments” paid indirectly to the Debtor relating to certain non-gaming revenue generated by certain casinos located in the United States, from and by Power Plant Entertainment, LLC. all Proceeds in respect of the foregoing. all General Intangibles in respect of the foregoing. For purposes of the foregoing, “Equity Interests” means shares of stock, partnership interests, interests in joint ventures, limited liability company interests and all other equity interests in a Person, […]
PUBLIC NOTICE OF ARTICLE 9 SALE: Blitz Energy Services, LLC
NOTICE OF PUBLIC UCC ARTICLE 9 FORECLOSURE AUCTION Accounts Receivable and Other Personal Property of Blitz Energy Services, LLC PLEASE TAKE NOTICE that on July 24, 2020, at 11:00 a.m., Dallas, Texas time, a public sale shall be conducted of the accounts receivable and certain other personal property previously, now or hereafter, securing the obligations of BLITZ ENERGY SERVICES, LLC (“Blitz”) to UMB BANK, N.A. (the “Secured Party”). Such public sale will be conducted via an online video conference using Zoom or another similar video conferencing platform. Parties interested in participating in such sale should contact counsel for the Secured Party, at the address below, to facilitate attendance via videoconference. A detail of such collateral subject to the Secured Party’s July 24, 2020 foreclosure sale (the “Collateral”) is available at the link below. Exhibit A This sale is being held to enforce the rights of the Secured Party. The Collateral […]
PUBLIC NOTICE OF SEALED BID SALE: Trae-Fuels, Ltd.
Public Notice: HYPERAMS Announces Sealed Bid Sale of 72-Acre State-of-the-Art Wood Pellet Manufacturing Plant – Bid Deadline July 31st. 1. Overview. HYPERAMS is offering for sale a state-of-the-art wood pellet manufacturing plant currently owned by TRAE-Fuels, Ltd. 2. Turnkey Sale v. Piecemeal Sale. The July 31st Bid Deadline is the deadline by which HYPERAMS must receive sealed bids for the entire manufacturing plant and its real estate on a turnkey basis. If an acceptable sealed bid is not received by July 31st then HYPERAMS will conduct an online auction of the manufacturing plant’s machinery and equipment on August 20th. 3. About the Manufacturing Plant. Located at 1376 Fredericks Hall Road in Bumpass, Virginia 23024, the Manufacturing Plant is a state-of-the-art facility located on a 72-acre parcel. Just 40 miles from Fredericksburg, Virginia, the Facility is strategically located near the ports of Richmond, Norfolk, and Portsmouth. In addition, being situated on […]