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Vyaire - Notice for PJT Restructuring Fee Fee App

Date
2024-11-01

Full text

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)
)
)
Hearing Date: Only if Objections are filed
)
Objection Deadline: November 1, 2024, at 4:00 p.m. (ET)
NOTICE OF FEE APPLICATION
PLEASE TAKE NOTICE that, on October 11, 2024, the Fee Application of PJT Partners
LP as Investment Banker to the Debtors and Debtors in Possession for Allowance of Restructuring
Fee (the “Application”) was filed with the United States Bankruptcy Court for the District of,
Delaware (the “Court”).  The Application seeks approval of compensation in the amount of
$5,180,000.00 (80% of $6,475,000.00).
PLEASE TAKE FURTHER NOTICE that objections, if any, to the Application are
required to be filed with the Clerk of the United States Bankruptcy Court for the District of
Delaware, 824 North Market Street, 3rd Floor, Wilmington, Delaware 19801, and served on the
following, so as to be received no later than 4:00 p.m. (ET) on November 1, 2024 (a) the Debtors,
Vyaire Medical, Inc.; 26125 North Riverwoods Boulevard, Mettawa, Illinois, USA 60045, Attn.:
Charles Braley (cbraley@alixpartners.com); (b) 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) and Chris Ceresa (chris.ceresa@kirkland.com); (ii) Kirkland &
Ellis LLP, 333 West Wolf Point Plaza, Chicago, Illinois 60654, Attn.: Spencer A. Winters
(spencer.winters@kirkland.com), Yusuf U. Salloum (yusuf.salloum@kirkland.com), and Rebecca
Marston (rebecca.marston@kirkland.com); (iii) Cole Schotz P.C., 500 Delaware Avenue, Suite
1410, Wilmington, Delaware 19801, Attn: Patrick J. Reilley, Esq. (preilley@coleschotz.com); and
(iv) Cole Schotz P.C., Court Plaza North, 25 Main Street, Hackensack, New Jersey 07601, Attn.:
Michael
D.
Sirota,
Esq.
(msirota@coleschotz.com),
Warren
A.
Usatine,
Esq.
(wusatine@coleschotz.com); (c) the Office of the United States Trustee for the District of
Delaware, 844 King Street, Suite 2207, Lockbox 35, Wilmington, Delaware 19801, Attn:
Benjamin Hackman (Benjamin.A.Hackman@usdoj.gov); (d) counsel to the 1L Ad Hoc Group,
(i) Gibson, Dunn & Crutcher LLP, 200 Park Avenue, New York, NY 10166, Attn: Scott J.
Greenberg
(SGreenberg@gibsondunn.com),
Jason
Zachary
Goldstein
(JGoldstein@gibsondunn.com), Joshua Brody (JBrody@gibsondunn.com), and Kevin Liang
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’ 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 622-1    Filed 10/11/24    Page 1 of 3

2
(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) and Timothy
P. Cairns (tcairns@pszjlaw.com); and (e) proposed counsel to the official committee of unsecured
creditors (the “Committee”), (i) McDermott Will & Emery LLP, The Brandywine Building, 1000
N. West Street, Suite 1400, Wilmington, Delaware 19801, Attn.: David Hurst (dhurst@mwe.com)
and Maris Kandestin (mkandestin@mwe.com) and (ii) McDermott Will & Emery LLP, One
Vanderbilt Avenue, New York, NY 10017-3852, Attn: Darren Azman (dazman@mwe.com) and
Kristin Going (kgoing@mwe.com).
PLEASE TAKE FURTHER NOTICE that, pursuant to the Order (I) Establishing
Procedures for Interim Compensation and Reimbursement of Expenses for Retained Professionals
and (II) Granting Related Relief [Docket No. 218] and the Order (I) Authorizing the Retention and
Employment of PJT Partners LP as Investment Banker to the Debtors and Debtors in Possession
Effective as of the Petition Date, (II) Waiving Certain Information Requirements Pursuant to Local
Rule 2016-2, and (III) Granting Related Relief Docket No. 335], if no objections are filed and
served in accordance with the above procedures, the Debtors will be authorized to pay 80% of the
requested fees and 100% of the requested expenses without further order of the Court.
PLEASE TAKE FURTHER THAT THAT A HEARING ON THE APPLICATION
WILL BE HELD ONLY IF AN OBJECTION IS TIMELY FILED OR THE COURT DIRECTS
OTHERWISE, AT A DATE AND TIME TO BE SCHEDULED, BEFORE THE HONORABLE
BRENDAN L. SHANNON, UNITED STATES BANKRUPTCY JUDGE, UNITED STATES
BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE, 6TH FLOOR,
COURTROOM NO. 1, 824 NORTH MARKET STREET, WILMINGTON, DELAWARE 19801.
[Remainder of Page Intentionally Left Blank]
Case 24-11217-BLS    Doc 622-1    Filed 10/11/24    Page 2 of 3

3
Dated: October 11, 2024
Wilmington, Delaware
/s/ Patrick J. Reilley
COLE SCHOTZ P.C.
KIRKLAND & ELLIS LLP
Patrick J. Reilley, Esq. (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
Co-Counsel to the Debtors
Co-Counsel to the Debtors
and Debtors in Possession
and Debtors in Possession
Case 24-11217-BLS    Doc 622-1    Filed 10/11/24    Page 3 of 3

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