May 03, 2022
The government of the Netherlands is asking a Delaware bankruptcy judge for a ruling that it holds a senior $15.5 million lien on MD Helicopters Inc.'s Arizona manufacturing plant, saying the company's proposed Chapter 11 sale can't go forward with the issue unsettled.
April 01, 2022
Arizona-based MD Helicopters Inc. secured the first $12.5 million of a proposed $60 million bankruptcy financing loan late Friday, after a Delaware bankruptcy judge rejected former company CEO and distressed debt mogul Lynn Tilton's claims that the amount and terms were unjustified.