Stoli Group USA to Take Votes on Ch.11 Restructuring Plan

Dear Client: Late last year, Stoli Group USA and affiliate company Kentucky Owl voluntarily filed for Chapter 11 bankruptcy [see WSD 11-29-2024]. This week a Texas bankruptcy judge "conditionally approved" the company's disclosure statement, allowing it to take votes on a reorganization deal, reports Law360. "Given the Debtors' assets and core strengths, the Debtors are confident that they can implement the Restructuring Transactions contemplated by the plan, which provides for a comprehensive restructuring of the Debtors' balance sheets and capital