New Delaware Chapter 11 Filing – The NORDAM Group, Inc.
The NORDAM Group, Inc., along with four affiliates and subsidiaries, has filed a petition for relief under Chapter 11 in the Bankruptcy Court for the District of Delaware (Lead Case No. 18-11699). NORDAM, based in Tulsa, OK, is a manufacturer of aerospace components and provider of aerospace maintenance, repair and overhaul services. According to the First Day Declaration, NORDAM filed the Petition as a result of incurring substantially higher than expected costs in performing under a long-term manufacturing agreement with Pratt & Whitney Canada Corporation. NORDAM is seeking approval of $45 million in Debtor-in-Possession Financing to be provided by its pre-petition senior lenders, with J.P. Morgan serving as DIP Agent. Epiq is the proposed claims and noticing agent. The cases have been assigned to the Honorable Mary F. Walrath.
Contact Norman L. Pernick, G. David Dean or Myles R. MacDonald for more information regarding this matter. Please note, however, that Cole Schotz P.C. does not represent the debtors in these cases and cannot respond to questions directed toward the debtors.
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