New Chapter 11 Filing - Fibrant LLC

Fibrant LLC

  • 2/23/18 Recap: Disrupted by cheap Asian production. Here, the Georgia-based producer and supplier of chemical performance products and services filed for bankruptcy to (i) winddown its business and operations, including (without limitation) the decommissioning of the ammonium sulfate assets, (ii) administer the sale of, and shipping, the remaining ammonium sulfate inventory, (iii) continue the environmental remediation relating to the the company's historic business operations, and (iv) sell remaining assets. 
  • Jurisdiction: S.D. of Georgia
  • Capital Structure: €50,000,000 Senior Facilities Agreement by and among CAP I, CAP II, Citigroup Global Markets Limited, Coöperatieve Centrale Raiffeisen Boerenleenbank B.A., as Agent and Security Agent (“RaboBank”)
  • Company Professionals:
    • Legal: King & Spalding LLP (Paul Ferdinands, Jonathan W. Jordan, Sarah L. Primrose) & (local) Klosinski Overstreet LLP (James Overstreet)
    • Claims Agent: KCC (*click on company name above for free docket access)