SmileDirectClub Gets $30M Ch. 11 Loan Package

By By Vince Sullivan and Alex Wittenberg · October 2, 2023, 10:10 AM EDT

Bankrupt dental treatment service SmileDirectClub Inc. received approval from a Texas judge Monday to borrow $30 million under a Chapter 11 lending package to help fund its search for a buyer...

To view the full article, register now.
Try a seven day FREE Trial

Already a subscriber? Click here to login

Bankruptcy Scorecard

Summary

SmileDirect, a mail-order dental service provider, filed for bankruptcy in September 2023 after more than a year of financial struggles. The case was later converted to Chapter 7 after SmileDirect failed to find a going concern buyer and meet a DIP milestone.

Case Number

4:23-bk-90786

Judge

Christopher M. Lopez

Venue

U.S. Bankruptcy Court for the Southern District of Texas

Capital Structure

Total Liabilities:

$953 million

View Full Scorecard

Documents

Related Sections

Case Information

Case Title

SmileDirectClub, Inc.

Case Number

4:23-bk-90786

Court

Texas Southern

Nature of Suit

Date Filed

September 29, 2023

Recent Articles By By