November 24, 2025 - Lugano Diamonds, Warner Bros, US Realm Powder River, TPI Composites, Hansen-Mueller

This episode covers key developments in five major restructuring and bankruptcy cases:

Lugano Diamonds seeks approval for $12 million in DIP financing from majority owner Compass Group Diversified Holdings to sustain operations through the 2025 holiday season and support an orderly liquidation through Enhanced Retail Funding.

Warner Bros. Entertainment challenges an $18.5 million film rights sale to Alcon Media Group, offering a higher bid and arguing the transaction violates bankruptcy restrictions on transferring financial accommodations tied to its co-financing role with Village Roadshow.

US Realm Powder River moves to sell substantially all assets—including 6,800 gas wells across one million acres—to Pronghorn Resources for $300 plus assumption of liabilities, emphasizing $150 million in creditor waivers as the true value of the deal after a six-year Chapter 11 case.

TPI Composites faces a severe liquidity crisis and seeks emergency approval for new production-based funding agreements with GE Renewables North America, warning that cash reserves could fall below $1 million without immediate relief.

And grain processor Hansen-Mueller requests approval of a $700,000 incentive and retention program for 27 key employees as it races to liquidate assets and wind down operations under a compressed December timeline.

💡 From luxury retail and Hollywood finance to energy production and agribusiness, this episode examines how liquidity pressures, insider financing, and asset-sale strategies are defining the current landscape of U.S. restructurings.

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