New Delaware Chapter 11 Filing – F+W Media, Inc.
F+W Media, Inc., along with eight affiliates and subsidiaries, has filed a petition for relief under chapter 11 in the Bankruptcy Court for the District of Delaware (Lead Case No. 19-10479). F+W Media, headquartered in New York, NY, is a leading publisher of specialized content for enthusiast communities (e.g., crafts, art, writing, design, knitting, quilting, and outdoors). According to the First Day Declaration, F+W Media effectuated an out-of-court debt for equity swap with its senior creditors in May 2017 and replaced its management in January 2018, but has filed as a result of continued operational difficulties and intends to sell substantially all of its assets under section 363 of the Code. F+W Media is seeking approval of $8 million in super priority DIP financing from a subset of its existing senior lenders. A consolidated list of creditors can be found here. Epiq is the proposed claims and noticing agent. The cases have been assigned to the Honorable Kevin Gross.
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