Case Background

On December 12, 2018, Catalina Marketing reached an agreement with the majority of its lenders to effectuate a balance sheet restructuring that will significantly enhance the Company's financial flexibility, reducing its debt by more than 75% and positioning the company for long-term success.  To implement the negotiated restructuring transaction, Catalina filed voluntary petitions for a pre-packaged court-supervised Chapter 11 restructuring in the U.S. Bankruptcy Court for the District of Delaware.  As part of the negotiated transaction, Catalina's existing lenders have agreed to provide funding for the chapter 11 process and have committed to provide additional funding upon emergence.  Catalina's operations outside the U.S. are not part of the Chapter 11 filing and will not be affected by the Chapter 11 process.

Catalina expects all operations - both in the U.S. and overseas - to continue as usual throughout the restructuring process.  There will be no interruption in Catalina's ability to serve its customers.  Retailers will continue to honor digital and print coupons provided by Catalina.

Catalina's case has been assigned to Judge Kevin Gross and is jointly administered under Case No. 18-12794.  The Docket can be accessed by clicking on "Docket" above or through the website maintained by the U.S. Bankruptcy Court for the District of Delaware.

For additional information about the restructuring, including press releases and FAQs, please visit Catalina's restructuring website at www.catalinarestructuring.com.

Important Information & Dates

FIrst Day Hearing

A hearing on the Debtors' First Day Motions was held on December 13, 2018 at 12:00 P.M. (ET) before the Honorable Kevin Gross, United States Bankruptcy Court for the District of Delaware, 824 North Market Street, 6th Floor, Courtroom 3, Wilmington, DE 19801.  Please click below to view and download the Debtors' First Day Motions and Orders:

First Day Motions

First Day Orders

Plan and Disclosure Statement

On December 12, 2018, the Debtors filed their Joint Prepackaged Chapter 11 Plan of Reorganization and the Disclosure Statement related thereto. On January 31, 2019, the Bankruptcy Court entered an order confirming the Plan.  On February 15, 2019, the Effective Date of the Plan occurred, and the Plan was consummated.

 

Dates

April
4

Omnibus Hearing

2:00 P.M. (ET)
May
8

Omnibus Hearing

2:00 P.M. (ET)
May
21

Final Fee Hearing

10:00 A.M. (ET)
December
12
_____
December
13
12:00 P.M. (ET)
January
11
9:00 A.M. (ET)

Final Hearing on First Day Motions

Parties

Debtors' Counsel

Weil, Gotshal & Manges LLP

767 Fifth Avenue
New York, NY   10153
https://www.weil.com
Phone: 212.310.8000
Fax: 212.310.8007
Gary T. Holtzer
Ronit J. Berkovich
Kevin Bostel

Richards, Layton & Finger, P.A.

One Rodney Square
910 N. King Street
Wilmington, DE   19801
http://www.rlf.com
Phone: 302.651.7700
Fax: 302.651.7701
Mark D. Collins
Jason D. Madron

Debtors' Restructuring Advisors

FTI Consulting

Three Times Square
9th Floor
New York, NY   10036
https://www.fticonsulting.com
Phone: 212.247.1010
Fax: 212.841.9350
Thomas Ackerman

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
Benjamin Hackman

United States Bankruptcy Court

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


Debtors

Case Number
Debtor Name
Petition Date
18-12794 Checkout Holding Corp. December 12, 2018
18-12796 Catalina Marketing Procurement, LLC December 12, 2018
18-12797 Catalina Marketing Technology Solutions, Inc. December 12, 2018
18-12798 Catalina Marketing Worldwide, LLC December 12, 2018
18-12799 Cellfire Inc. December 12, 2018
18-12795 Catalina Marketing Corporation December 12, 2018
18-12800 Modiv Media, Inc. December 12, 2018
18-12801 PDM Group Holdings Corporation December 12, 2018
18-12802 PDM Holdings Corporation December 12, 2018
18-12804 PDM Intermediate Holdings B Corporation December 12, 2018
18-12803 PDM Intermediate Holdings A Corporation December 12, 2018