
Mood Media Corporation
Case No. 20-33768
Case Background
Mood Media has taken the expected next step to implement the “prepackaged” financial restructuring plan that will reduce the Company’s debt by approximately $404 million, thereby positioning the Company with the financial flexibility necessary for long-term success. Mood Media and certain of its subsidiaries have voluntarily filed for reorganization under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas. The Company’s international subsidiaries are not part of the Chapter 11 filing.
As previously announced on June 26, 2020, the Company entered into a comprehensive restructuring support agreement (the “RSA”) with certain of its lenders, noteholders, and equity sponsors on the terms of the prepackaged financial restructuring plan. The prepackaged plan was approved by 100% of the Company’s first lien term loan lenders and 100% of its second lien PIK noteholders that timely submitted ballots voted to accept the prepackaged plan. The Company will seek confirmation of the prepackaged plan at a hearing scheduled for July 31, 2020.
The Company will continue operating in the ordinary course with a primary focus on the health and safety of its employees, independent affiliates, and clients. Mood Media intends to build on its structure, support, and resources to continue serving its clients during the global COVID-19 pandemic and once the pandemic has passed.
Mood Media’s case has been assigned to Judge Marvin Isgur and Case No. 20-33768. The Docket can be accessed on this website or through the website maintained by the United States Bankruptcy Court for the Southern District of Texas.
Mood Media will continue to update this website with additional notices, court-related documents, and other information regarding the restructuring process. Press releases and information for clients, suppliers, and independent affiliates are available at www.moodmediarestructuring.com.
Important Information & Dates
Plan and Disclosure Statement
On July 30, 2020, the Debtors filed their Plan of Reorganization and the Disclosure Statement related thereto. On July 31, 2020, the Bankruptcy Court entered an order approving the Disclosure Statement and confirming the plan. On July 31, 2020, the Effective Date of the Plan occurred, and the Plan was consummated. To view copies of the Plan & Disclosure Statement documents, click on the link below:
First Day Motions and Orders
An electronic hearing on the Debtors' First Day Motions was held on July 31, 2020 at 11:00 a.m. (CT) before the Honorable Judge Marvin Isgur, United States Bankruptcy Court for the Southern District of Texas., 515 Rusk Avenue, Houston, TX 77002. To appear telephonically, please use the Court’s regular dial-in number: [832-917-1510]. The six-digit conference code for this hearing is [954554]
Please click below to view and download the Debtors' First Day Pleadings:
Dates
Parties
Debtors' Counsel
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Kirkland & Ellis LLP (NY)
601 Lexington Avenue
New York, NY 10022
www.kirkland.com/
Phone: 212.446.4800
Fax: 212.446.8900
Edward O. Sassower
Joshua A. Sussberg
Christopher T. Greco
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Kirkland & Ellis LLP (IL)
300 North LaSalle Street
Chicago, IL 60654
www.kirkland.com/
Phone: 312.862.2000
Fax: 312.862.2200
W. Benjamin Winger
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Jackson Walker LLP
1401 McKinney Street
Suite 1900
Houston, TX 77010
www.jw.com/
Phone: 713.752.4200
Fax: 713.752.4221
Matthew D. Cavenaugh
Veronica A. Polnick
Genevieve M. Graham
United States Trustee and Court Information
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Office of the United States Trustee
515 Rusk Street, Suite 3516
Houston, TX 77002
https://www.justice.gov/ust-regions-r07
Phone: (713) 718-4650
Fax: (713) 718-4670
Stephen Douglas Statham
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United States Bankruptcy Court, Southern District of Texas
United States Courthouse
515 Rusk Avenue
Houston, TX 77002
http://www.txs.uscourts.gov/bankruptcy/
Phone: (713) 250-5500
[10:15 AM] Alli Balogun, Hassan
Debtors
Case Number | Debtor Name | Petition Date |
---|---|---|
Case Number 20-33768 | Debtor Name Mood Media Corporation | Petition Date July 30, 2020 |
Case Number 20-33769 | Debtor Name Convergence, LLC | Petition Date July 30, 2020 |
Case Number 20-33767 | Debtor Name DMX Holdings, LLC | Petition Date July 30, 2020 |
Case Number 20-33766 | Debtor Name DMX Residential Holdings, LLC | Petition Date July 30, 2020 |
Case Number 20-33770 | Debtor Name DMX Residential, LLC | Petition Date July 30, 2020 |
Case Number 20-33765 | Debtor Name DMX, LLC | Petition Date July 30, 2020 |
Case Number 20-33772 | Debtor Name Mood Media Borrower, LLC | Petition Date July 30, 2020 |
Case Number 20-33773 | Debtor Name Mood Media Co-Issuer, Inc | Petition Date July 30, 2020 |
Case Number 20-33774 | Debtor Name Mood Media Holdings, LLC | Petition Date July 30, 2020 |
Case Number 20-33775 | Debtor Name Mood Media North America Holdings Corp. | Petition Date July 30, 2020 |
Case Number 20-33776 | Debtor Name Mood Media North America, LLC | Petition Date July 30, 2020 |
Case Number 20-33777 | Debtor Name Mood US Acquisition1, LLC | Petition Date July 30, 2020 |
Case Number 20-33780 | Debtor Name Muzak Capital LLC | Petition Date July 30, 2020 |
Case Number 20-33781 | Debtor Name Muzak Holdings LLC | Petition Date July 30, 2020 |
Case Number 20-33782 | Debtor Name Muzak LLC | Petition Date July 30, 2020 |
Case Number 20-33783 | Debtor Name ServiceNET Exp, LLC | Petition Date July 30, 2020 |
Case Number 20-33784 | Debtor Name Technomedia NY, LLC | Petition Date July 30, 2020 |
Case Number 20-33785 | Debtor Name Technomedia Solutions, LLC | Petition Date July 30, 2020 |