Sunlight Financial Holdings Inc.: going-concern / distress — Sunlight Financial Holdings files Chapter 11; existing equity to be canceled under prepackaged plan

Sunlight Financial Holdings Inc.

Debtors commenced Chapter 11 cases on Oct 30, 2023, in Delaware Bankruptcy Court.
Combined hearing on disclosure statement and plan confirmation set for Dec 5, 2023 at 2:00 PM ET.
Existing Interests (Class 6) are impaired and deemed to reject; holders receive no distribution.
CRB Claims (Class 3) are impaired and entitled to vote; CRB Secured Claims other than loan program agreements receive new equity and $4.39M cash.
General Unsecured Claims (Class 4) are unimpaired and will be reinstated.

Key facts

Extracted from this filing and checked against the source text.

Distress & Bankruptcy SEC 8-K Item 1.03 confidence 0.9

Sunlight Financial Holdings Inc. entered chapter 11 in United States Bankruptcy Court for the District of Delaware (petition 2023-10-30).

Proceeding: chapter 11
Court: United States Bankruptcy Court for the District of Delaware
Petition: 2023-10-30

Exact text from the filing

filed with the United States Bankruptcy Court for the District of Delaware (the “ Bankruptcy Court ”) the Joint Prepackaged Chapter 11 Plan of Reorganization

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Source: SEC EDGAR

accession 0001104659-23-117072

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