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Tacora - Sale Process

Current Sale Process: On June 5, 2024, the Court granted an order (the "Sale Process Order") authorizing Tacora to undertake a sale process, (the "Sale Process") to solicit offers or proposals for a sale transaction in respect of Tacora's assets (the "Property") and business operations (the "Business") to be conducted by the Financial Advisor, and supervised by the Monitor, in the manner set forth in the Sales Procedures (the "Sale Procedures").


 Procedures for the Sales Process
 Sales Process Order
June 5, 2024
 

Sale Process Important Dates & Milestones

Milestone Events* Timing
Access to VDR and Template Subscription Agreement and Template APA July 2, 2024
Bid Deadline July 12, 2024
Approval Motion July 26, 2024

*All capitalized terms as defined in the Procedures for the Sale Process

Note: Interested parties should contact tacora@fticonsulting.com


Previous Solicitation Process: On October 30, 2023, the Court approved a sale, investment and services solicitation process (the "Solicitation Process") and on February 2, 2024, following the Solicitation Process the Applicant served and filed a motion (the "Sale Approval Motion") seeking, inter alia, approval of a subscription agreement entered into between Tacora and the Investors as the Successful Bid (as defined in the Solicitation Process). On April 12, 2024, Tacora and the Investors executed and the Monitor acknowledged and consented to a Mutual Agreement of Termination whereby the parties agreed to terminate the Subscription Agreement.


 

 

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