New Filing - Channel Technologies Group LLC

Channel Technologies Group LLC

  • 10/17/16 Recap: Manufacturer of ceramics, transducers and sonar equipment sold to the US Navy and defense contractors like Northrop Grumman, Lockhead Martin and Raytheon files for chapter 11 to address onerous long-term contracts and attempt an expeditious sale of the business.  
  • Jurisdiction: Central District of California
  • Capital Structure: $2.86mm secured debt     
  • Company Professionals:
  • Other Parties in Interest:
    • Prepetition Secured Creditor/DIP Lender: Blue Wolf Capital Partners
    • Northrup Grunman
      • Legal: Gibson Dunn (Sam Newman, Daniel Denny)
    • Lockhead Martin
      • Legal: Hogan Lovells LLP (Christopher Donoho, M. Shane Johnson)

Updated 12/30/16.