New Delaware Chapter 11 Filing – F+W Media, Inc.

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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 hereEpiq is the proposed claims and noticing agent.  The cases have been assigned to the Honorable Kevin Gross.

Contact Norman L. Pernick, G. David Dean or Myles R. MacDonald for more information regarding this matter.

As the law continues to evolve on these matters, please note that this article is current as of date and time of publication and may not reflect subsequent developments. The content and interpretation of the issues addressed herein is subject to change. Cole Schotz P.C. disclaims any and all liability with respect to actions taken or not taken based on any or all of the contents of this publication to the fullest extent permitted by law. This is for general informational purposes and does not constitute legal advice or create an attorney-client relationship. Do not act or refrain from acting upon the information contained in this publication without obtaining legal, financial and tax advice. For further information, please do not hesitate to reach out to your firm contact or to any of the attorneys listed in this publication.

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