Lenders holding a majority of loans in a syndicated debt instrument notched another win in the non-pro rata refinancing wars when the U.S. Bankruptcy Court for the Southern District of Texas issued an ...
Dec 31 (Reuters) - The 5th U.S. Circuit Court of Appeals ruled Tuesday that mattress maker Serta Simmons did not treat its lenders equally in a controversial 2020 debt deal, warning that similar deals ...
The recent bench ruling in the bankruptcy case of Serta Simmons Bedding, LLC (Serta) by Judge David R. Jones of the Southern District of Texas finding that, in his mind, there is no ambiguity that ...