New Chapter 11 Filing – Strike, LLC
On December 6, 2021, Strike, LLC of Woodlands, TX filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Southern District of Texas (Case No. 21-90054) along with several affiliates. In a press release, the company announced that it had entered into an asset purchase agreement for the sale of substantially all assets with affiliates of American Industrial Partners, the “company’s largest debtholder,” as stalking horse. American Industrial Partners has also committed approximately $29 million in DIP financing, according to the press release. The company reports $100 million to $500 million in both assets and liabilities.
Cole Schotz does not represent the Debtors in this case. We are posting this for informational purposes only. If you have received a notice and have any questions, you should contact Debtors’ counsel.
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