Bankruptcy Judge Accepts Stalking Horse Bids for VWE Assets

Dear Client:   And the bidding process for Vintage Wine Estates' assets has begun.  You'll recall, last month Vintage Wine Estates filed for Chapter 11 bankruptcy after "experienc[ing] financial headwinds that severely impacted its liquidity position," and finding "the monetization of all assets being the most viable path forward to maximize value" [see WSD 07-24-2024]. The company currently has an aggregate of about $310 million in outstanding loans and commitments.  Yesterday a bankruptcy judge approved stalking horse bids for a