Notice re_ BP Motion
- Date
- 2024-06-10
Summary
A notice of motion filed June 12, 2024 as Doc 105 in the jointly administered Chapter 11 cases of Vyaire Medical, Inc., et al., Case No. 24-11217 (BLS), in the U.S. Bankruptcy Court for the District of Delaware. It gives notice that on June 10, 2024 the debtors filed a motion, Docket No. 16, seeking approval of bidding procedures for the sale of substantially all of their assets, a stalking horse agreement with bid protections, an auction and sale hearing, contract assumption and assignment procedures, and a sale free and clear. A hearing on the motion is set for July 9, 2024 before The Honorable Brendan L. Shannon. Objections must be filed by July 2, 2024 and served on the debtors, their proposed co-counsel, counsel to the 1L Ad Hoc Group and the United States Trustee. It is signed by proposed co-counsel Cole Schotz P.C. and Kirkland & Ellis LLP.
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Case 24-11217-BLS Doc 105 Filed 06/12/24 Page 1 of 3
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE DISTRICT OF DELAWARE
)
In re: ) Chapter 11
)
VYAIRE MEDICAL, INC., et al.,1 ) Case No. 24-11217 (BLS)
)
Debtors. ) (Jointly Administered)
)
) Re: Docket No. 16
NOTICE OF
MOTION OF DEBTORS FOR ENTRY
OF AN ORDER (I) APPROVING BIDDING
PROCEDURES IN CONNECTION WITH THE
SALE OF SUBSTANTIALLY ALL OF THE DEBTORS’
ASSETS, (II) AUTHORIZING THE DEBTORS TO ENTER
INTO A STALKING HORSE AGREEMENT AND PROVIDE
BID PROTECTIONS, (III) APPROVING THE FORM AND MANNER
OF NOTICE THEREOF, (IV) SCHEDULING AN AUCTION AND SALE
HEARING, (V) APPROVING PROCEDURES FOR THE ASSUMPTION
AND ASSIGNMENT OF CONTRACTS, (VI) APPROVING THE SALE OF THE
DEBTORS’ ASSETS FREE AND CLEAR, AND (VI) GRANTING RELATED RELIEF
PLEASE TAKE NOTICE THAT, on June 10, 2024, the above-captioned debtors and
debtors in possession (the “Debtors”) filed the Motion of Debtors for Entry of an Order
(I) Approving Bidding Procedures in Connection with the Sale of Substantially All of the Debtors’
Assets, (II) Authorizing the Debtors to Enter Into a Stalking Horse Agreement and Provide Bid
Protections, (III) Approving the Form and Manner of Notice Thereof, (IV) Scheduling an Auction
and Sale Hearing, (V) Approving Procedures for the Assumption and Assignment of Contracts,
(VI) Approving the Sale of the Debtors’ Assets Free and Clear, and (VII) Granting Related Relief
[Docket No. 16] (the “Motion”) with the United States Bankruptcy Court for the District of
Delaware (the “Court”).
PLEASE TAKE FURTHER NOTICE that a copy of the Motion is being served with
this Notice. A copy of the Motion is also available on (i) the Court’s website:
www.deb.uscourts.gov and (ii) the website maintained by the Debtors’ Claims and Noticing
Agent, Omni Agent Solutions, Inc.: https://omniagentsolutions.com/Vyaire.
1
The last four digits of Debtor Vyaire Medical, Inc.’s federal tax identification number are 6495. A complete list
of each of the Debtors in these chapter 11 cases and each such Debtor’s federal tax identification number may be
obtained on the website of the Debtors’ proposed claims and noticing agent at
https://omniagentsolutions.com/Vyaire. The location of Debtor Vyaire Medical, Inc.’s principal place of business
and the Debtors’ service address in these chapter 11 cases is 26125 North Riverwoods Boulevard, Mettawa,
Illinois, USA 60045.
Case 24-11217-BLS Doc 105 Filed 06/12/24 Page 2 of 3
PLEASE TAKE FURTHER NOTICE that a hearing on the Motion will be held on
July 9, 2024, at 10:00 a.m. (prevailing Eastern Time) before The Honorable Brendan L.
Shannon, United States Bankruptcy Court for the District of Delaware, 6th Floor,
Courtroom No. 1, 824 North Market Street, Wilmington, Delaware 19801.
PLEASE TAKE FURTHER NOTICE that, objections, if any, to the Motion and the
entry of an order approving the Motion must be filed on or before July 2, 2024, at 4:00 p.m.
(prevailing Eastern Time) (the “Objection Deadline”) with the United States Bankruptcy Court
for the District of Delaware, 3rd Floor, 824 North Market Street, Wilmington, Delaware 19801
and served upon the following parties so as to be actually received by the Objection Deadline: (a)
the Debtors, 26125 North Riverwoods Boulevard, Mettawa, Illinois, USA 60045, Attn.: Charles
Braley (cbraley@alixpartners.com); (b) proposed co-counsel to the Debtors (i) Kirkland & Ellis
LLP, 601 Lexington Avenue, New York, New York 10022, Attn.: Joshua A. Sussberg, P.C.
(joshua.sussberg@kirkland.com), Chris Ceresa (chris.ceresa@kirkland.com), and Tiffani Chanroo
(tiffani.chanroo@kirkland.com), (ii) Kirkland & Ellis LLP, 333 West Wolf Point Plaza, Chicago,
Illinois, 60654, Attn.: Spencer A. Winters (spencer.winters@kirkland.com) and Yusuf U. Salloum
(yusuf.salloum@kirkland.com), (iii) Cole Schotz P.C., 500 Delaware Avenue, Suite 1410,
Wilmington, Delaware 19801, Attn.: Patrick J. Reilley (preilley@coleschotz.com), Stacy L.
Newman (snewman@coleschotz.com), Michael E. Fitzpatrick (mfitzpatrick@coleschotz.com),
and Jack M. Dougherty (jdougherty@coleschotz.com), and (iv) Cole Schotz P.C., Court Plaza
North, 25 Main Street, Hackensack, New Jersey 07601, Attn.: Michael D. Sirota
(msirota@coleschotz.com) and Warren A. Usatine (wusatine@coleschotz.com); (c) counsel to the
1L Ad Hoc Group, (i) Gibson, Dunn & Crutcher LLP, 200 Park Avenue, New York, NY 10166-
0193, Attn.: Scott J. Greenberg (SGreenberg@gibsondunn.com), Jason Zachary Goldstein
(JGoldstein@gibsondunn.com), Joshua Brody (JBrody@gibsondunn.com), and Kevin Liang
(KLiang@gibsondunn.com) and (ii) Pachulski Stang Ziehl & Jones LLP, 919 North Market Street,
17th Floor, Wilmington, DE 19801, Attn.: Laura Davis Jones (ljones@pszjlaw.com);
(d) the United States Trustee, 844 King Street, Suite 2207, Lockbox 35, Wilmington, Delaware
19801, Attn.: Benjamin A. Hackman (Benjamin.A.Hackman@usdoj.gov); and (e) any statutory
committee appointed in these chapter 11 cases.
PLEASE TAKE FURTHER NOTICE that, if you fail to respond in accordance with this
notice, the Court may grant the relief requested and enter an order without further notice or hearing.
[Remainder of Page Intentionally Left Blank]
2
Case 24-11217-BLS Doc 105 Filed 06/12/24 Page 3 of 3
Dated: June 12, 2024
Wilmington, Delaware
/s/ Patrick J. Reilley
COLE SCHOTZ P.C. KIRKLAND & ELLIS LLP
Patrick J. Reilley, Esq. (DE Bar No. 4451) KIRKLAND & ELLIS INTERNATIONAL LLP
500 Delaware Avenue, Suite 1410 Joshua A. Sussberg, P.C. (admitted pro hac vice)
Wilmington, Delaware 19801 601 Lexington Ave
Telephone: (302) 652-3131 New York, New York 10022
Facsimile: (302) 652-3117 Telephone: (212) 446-4800
Email: preilley@coleschotz.com Facsimile: (212) 446-4900
Email: joshua.sussberg@kirkland.com
- and -
- and -
Michael D. Sirota, Esq. (admitted pro hac vice)
Warren A. Usatine, Esq. (admitted pro hac vice) Spencer A. Winters, P.C. (admitted pro hac vice)
Court Plaza North, 25 Main Street Yusuf U. Salloum (admitted pro hac vice)
Hackensack, New Jersey 07601 333 West Wolf Point Plaza
Telephone: (201) 489-3000 Chicago, Illinois 60654
Facsimile: (201) 489-1536 Telephone: (312) 862-2000
Email: msirota@coleschotz.com Facsimile: (312) 862-2200
wusatine@coleschotz.com Email: spencer.winters@kirkland.com
yusuf.salloum@kirkland.com
Proposed Co-Counsel to the Debtors Proposed Co-Counsel to the Debtors
and Debtors in Possession and Debtors in Possession
3
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- gov.uscourts.deb.193283.105.0.pdf
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