Oldapco, Inc. (f/k/a Appvion, Inc.)

Case No. 17-12082


Case Background

On October 1, 2017, Appvion, Inc. and five affiliated debtors (collectively, the “Debtors” or the “Company”) each filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”). On November 15, 2017, an order was entered dismissing the case of Appvion Global Netherlands Cooperatief, U.A. On August 29, 2018, final decrees were entered closing the cases of Oldapco PDC Corp, Oldapco PDC Cap Corp, Oldapco ARFI LLC, and Oldapco APVN LLC. The remaining case is pending before the Honorable Mary F. Walrath under Case No. 17-12082.

On May 14, 2018, the Bankruptcy Court approved the sale of substantially all of the Debtors’ assets to a group of the Company’s lenders led by Franklin Advisers, Inc. The sale was completed on June 13, 2018. The transaction will significantly reduce Appvion’s debt, provide additional liquidity, and better position Appvion to compete long-term in the evolving specialty paper market and further invest in the innovation that has made it a market leader.

For additional information:

Click here to view the Company’s filing press release.
Click here to view the Company’s first day motions press release.
Click here to view the Company’s press release announcing approval of the sale.
Click here to view the Company’s press release announcing the sale closing.

Important Information & Dates

Plan and Disclosure Statement

On May 23, 2018, the Debtors filed their Combined Plan of Liquidation and Disclosure Statement related thereto.  On July 14, 2018, the Bankruptcy Court entered an order confirming the Plan.  On August, 24, 2018, the Effective Date of the Plan occured, and the Plan was consummated.

Please click below to view and download the Debtors' Combined Plan and Disclosure Statement:

Plan & Disclosure Statement

Deadline to File Claims

The Bankruptcy Court has set the following deadlines for filing proofs of claim against the Debtor:

  • General Claims Bar Date: February 14, 2018 at 5:00 p.m. (Eastern Time)
  • Rejection Claims Bar Date: March 30, 2018 at 5:00 p.m. (Eastern Time)

Click on "Submit a Claim" above to download a proof of claim form and for more information regarding filing a claim against the Debtor.

Hearing on First Day Motions

A hearing on the Debtors' First Day Motions was held on October 3, 2017 at 11:00 a.m. (ET) before the Honorable Kevin J. Carey, United States Bankruptcy Court for the District of Delaware, 824 Market St., 5th Fl., Courtroom #5, Wilmington, Delaware. A final hearing on certain of the First Day Motions was held on October 30, 2017 at 2:00 p.m. (ET).

Please click below to view and download the First Day Motions and the First Day Orders:

First Day Motions

First Day Orders


Dates

August 24 2018 Effective Date _______ Notice of Effe... Add to Calendar
July 15 2019 Omnibus Hearing 3:00 p.m. (ET) Order Scheduli... Add to Calendar
+ SHOW ALL DATES
October 1 2017 __
October 3 2017 11:00 a.m. (ET)
October 16 2017 9:00 a.m. (ET)
October 30 2017 2:00 p.m. (ET)
November 13 2017 10:00 a.m. (ET)
November 20 2017 1:30 p.m. (ET)
December 20 2017 11:00 a.m. (ET)
January 23 2018 11:00 a.m. (ET)
February 14 2018 5:00 p.m. (ET)
March 1 2018 2:00 p.m. (ET)
March 28 2018 1:00 p.m. (ET)
March 30 2018 5:00 p.m. (ET)
May 14 2018 2:00 p.m. (ET)
June 4 2018 11:00 a.m. (ET)
July 12 2018 10:00 a.m. (ET)
August 6 2018 August 6,2018, 5:00 P.M. (prevailing Eastern Time)
Voting Deadline Add to Calendar
August 14 2018 11:00 a.m. (ET)
August 14 2018 11:00 a.m. (ET)
August 24 2018 __
September 19 2018 11:00 a.m. (ET)
October 23 2018 1:30 p.m. (ET)
November 13 2018 2:00 p.m. (ET)
December 13 2018 10:00 a.m. (ET)
January 22 2019 11:00 a.m. (ET)
March 5 2019 3:00 p.m. (ET)
July 15 2019 3:00 p.m. (ET)

Parties

Debtors' Counsel

  • DLA Piper LLP (US) - DE

    1201 North Market Street
    Suite 2100
    Wilmington, DE   19801
    http://www.dlapiper.com
    Phone: 302.768.5700
    Fax: 302.394.2341

    Stuart M. Brown
    Kaitlin MacKenzie Edelman

  • DLA Piper LLP (US) - IL

    444 West Lake Street
    Suite 900
    Chicago, IL   60606
    http://www.dlapiper.com
    Phone: 312.368.4000
    Fax: 312.236.7516

    Richard A. Chesley

  • DLA Piper LLP (US) - NY

    1251 Avenue of the Americas
    27th Floor
    New York, NY   10020
    http://www.dlapiper.com
    Phone: 212.335.4500
    Fax: 212.335.4501

    Jamila Justine Willis

United States Trustee and Court Information

Debtors

Case Number Debtor Name Petition Date
Case Number 17-12082 Debtor Name Oldapco, Inc., f/k/a Appvion, Inc. Petition Date October 01, 2017
Case Number 17-12083 Debtor Name Oldapco PDC Corp, f/k/a Paperweight Development Corp. (final decree entered on August 29, 2018) Petition Date October 01, 2017
Case Number 17-12084 Debtor Name Oldapco PDC Cap Corp, f/k/a PDC Capital Corporation (final decree entered on August 29, 2018) Petition Date October 01, 2017
Case Number 17-12085 Debtor Name Oldapco ARFI LLC, f/k/a Appvion Receivables Funding I LLC (final decree entered on August 29, 2018) Petition Date October 01, 2017
Case Number 17-12086 Debtor Name Oldapco APVN LLC, f/k/a APVN Holdings LLC (final decree entered on August 29, 2018) Petition Date October 01, 2017
Case Number 17-12087 Debtor Name Appvion Global Netherlands Cooperatief UA (Case dismissed on November 15, 2017) Petition Date October 02, 2017