Instant Brands Acquisition Holdings Inc.

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Case overview

Case Number:

4:23-bk-90716

Court:

Texas Southern

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

February 22, 2024
Instant Brands Ch. 11 Plan Gets OK After Win In Supplier Row

A Texas bankruptcy judge on Thursday gave tentative approval to home-appliance maker Instant Brands' reorganization plan after finding that recent briefings from the company and a supplier supported his preliminary decision last week to preserve the debtor's indemnification rights.
February 15, 2024
Instant Brands May Have Rights Against Supplier, Judge Says

A Texas bankruptcy judge issued a tentative ruling that could favor appliance and housewares maker Instant Brands in its dispute with a supplier objecting to the Chapter 11 plan's treatment of indemnification claims.
January 11, 2024
Instant Brands Cleared For New Ch. 11 Exec Bonus Metrics

Bankrupt appliance and houseware maker Instant Brands Acquisition Holdings Inc. received permission from a Texas bankruptcy judge to alter the metrics used to award incentive bonuses to four executives as the company pursues a Chapter 11 reorganization.
January 08, 2024
Instant Brands Gets OK For Creditor Vote On Ch. 11 Plan

A Texas bankruptcy judge on Monday sent appliance and housewares maker Instant Brands' Chapter 11 plan out for a creditor vote, rejecting claims by suppliers that they need more time to prepare arguments over the plan's treatment of indemnification claims.
January 02, 2024
Instant Brands To Tweak Bonuses After Failed Ch. 11 Sale

Appliance and housewares maker Instant Brands proposed changes to its executive bonus plan Tuesday in Texas bankruptcy court, after the company failed to close a $206 million sale of one of its business lines due to regulatory approval issues.
October 03, 2023
Instant Brands Gets OK For $351M Ch. 11 Sale To Centre Lane

Bankrupt kitchenware maker Instant Brands will sell its assets for $350.8 million to private equity firm Centre Lane Partners after a Texas bankruptcy judge on Tuesday approved the transaction, saying it amounted to a creative solution to a "complex problem."
September 29, 2023
Centre Lane's $350M Bid Wins Instant Brands Ch. 11 Auction

Bankrupt kitchenware maker Instant Brands has designated private equity investor Centre Lane Partners as the winner of the auction to buy its assets with a $350.8 million bid, according to court filings.
August 30, 2023
Instant Pot Maker Execs Can Cook Up Bonuses With Fast Sale

A Texas bankruptcy judge has signed off on a plan to give executives of kitchenware maker Instant Brands Inc. up to $4.05 million in bonuses after they agreed to stay with the company through its emergence from Chapter 11 reorganization.
August 08, 2023
Instant Pot Maker Approved For $30M In Added Ch. 11 Loans

Bankrupt kitchen appliance maker Instant Brands received approval Tuesday in Texas federal court for an additional $30 million in Chapter 11 financing, which the company said was needed to make payments to vendors critical to continuing its business operations.
June 13, 2023
Instant Pot Maker Gets OK For $257.5M In Ch. 11 Financing

A Texas bankruptcy judge on Tuesday gave Instant Pot maker Instant Brands permission to take out $257.5 million in Chapter 11 financing that the company said it needs to stay in operation as it heads for a possible sale in August.

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