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SEC Filings

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


Tel: (212) 310-8000

Tel: (214) 220-7700



Evercore Group L.L.C.

Alvarez & Marsal North America, LLC

666 Fifth Avenue

700 Louisiana Street, Suite 900

New York, NY 10103

Houston, TX 77002


Stephen Hannan


R. Seth Bullock


Avinash D’Souza


Ed Mosley


Wariz A. Anifowoshe


Cari L. Turner

Tel: (212) 446-5600

Tel: (713) 571-2400



Kurtzman Carson Consultants LLC


2335 Alaska Avenue

2323 Ross Avenue, Suite 1400

El Segundo, California 90245

Dallas, TX 75201


Drake D. Foster


Mark L. Moses


Leanne V. Rehder Scott

Tel: (214) 840-2000

Tel: (866) 381-9100



C.                                    BRIEF OVERVIEW OF THE PLAN3


The Debtors have received two competing bids to purchase substantially all of the Debtors’ assets (the “Assets”).  Pursuant to the Bid Procedures Order, the Debtors held an auction for the Assets on March 10, 2017.


The purpose of the Plan is to effectuate the completion of a sale of the Assets (the “Sale Transaction”) and the orderly wind down of the Debtors’ affairs through the distribution of:  (i) the proceeds from the Sale Transaction (the “Sale Proceeds”) and (ii) other assets of the Estate for the benefit of holders of Allowed Claims pursuant to the Plan and the Bankruptcy Code’s priority distribution requirements.  Under the Plan, Debtor Azure Midstream Partners, LP will serve as Plan Administrator to, among other things, resolve Disputed Claims, investigate and pursue any Claims and Causes of Action not otherwise released under the Plan (if appropriate), make distributions to holders of Allowed Claims, and close the Chapter 11 Cases.  The Plan constitutes a single chapter 11 plan for all of the Debtors and the classifications and treatment of Claims and Interests therein apply to all of the Debtors.


Section V of this Disclosure Statement provides a detailed description of the Plan.




The following summary table briefly outlines the classification and treatment of Claims against and Interests in the Debtors under the Plan, and the voting eligibility of the holders of such Claims and Interests.  As set forth in the Plan, the classification of Claims and Interests set forth herein will apply separately to each of the Debtors.  The following summary table is qualified in its entirety by reference to the full text of the Plan.


3  This summary is qualified in its entirety by reference to the Plan.  Statements as to the rationale underlying the treatment of Claims and Interests under the Plan are not intended to, and will not, waive, compromise or limit any rights, claims, defenses, or causes of action in the event that the Plan is not confirmed.  You should read the Plan in its entirety before voting to accept or reject the Plan.



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