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SEC Filings

8-K
AZURE MIDSTREAM PARTNERS, LP filed this Form 8-K on 03/21/2017
Entire Document
 

 

Claims

 

A.                                    Other Secured Claims

 

·                  Class 2 consists of any Other Secured Claims against any Debtor.  The Debtors estimate that there will no Class 2 Claims on the Liquidation Date.  If there were Class 2 Claims on the Liquidation Date, they would likely receive 100% recovery.

 

B.                                    Lender Claims

 

·                  Class 3 consists of the Lender Claims.  The Debtors estimate that there will be approximately $177 million in Class 3 Claims on the Liquidation Date.  The Liquidation Analysis projects that the Liquidation Proceeds shall cause the Class 3 Claims to receive a recovery between 96.3% and 97.0%.

 

C.                                    Administrative Expense Claims

 

·                  The Debtors estimate that there will be approximately $2.2 million in Administrative Expense Claims on the Liquidation Date.  The Liquidation Analysis projects that the Liquidation Proceeds shall cause the Administrative Expense Claims to receive no recovery.

 

D.                                    Priority Tax Claims

 

·                  The Debtors estimate that there will be no Priority Tax Claims on the Liquidation Date.

 

·                  The Liquidation Analysis assumes that the Debtors’ satisfy the Texas Ad Valorem Tax Reserve (as defined in the Sale Order) and any other stub year tax obligations prior to the Liquidation Date.

 

E.                                     Other Priority Claims

 

·                  Class 1 consists of any Other Priority Claims against any Debtor.  The Debtors estimate that there will be no Class 1 Claims on the Liquidation Date.

 

F.                                      General Unsecured Claims

 

·                  Class 4 consists of General Unsecured Claims against any Debtor.  The Debtors estimate that there will be approximately $5.4 million to 6.6 million in Class 4 Claims on the Liquidation Date.

 

·                  The Class 4 claims estimate does not include any estimates for the settlement of litigation or contract rejection claims.

 

·                  If claims arose from these types of actions, the recovery of this class would be further diluted.

 

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