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 Kevin J. Carey 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

Effective Date

_______
October
23

Omnibus Hearing

1:30 p.m. (ET)
October
1
_____
August
6
August 6,2018, 5:00 P.M. (prevailing Eastern Time)

Voting Deadline

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

Office of the United States Trustee

844 King Street, Suite 2207
Wilmington, DE   19801
http://www.justice.gov/ust/r03/wilmington/index.htm
Phone: 302.573.6491
Fax: 302.573.6497
Mark Kenney

United States Bankruptcy Court

District of Delaware
824 Market Street North, 3rd Floor
Wilmington, DE   19801
http://www.deb.uscourts.gov
Phone: 302.252.2900


Debtors

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