SEC Filings

8-K
PERNIX THERAPEUTICS HOLDINGS, INC. filed this Form 8-K on 02/27/2019
Entire Document
 

 

Priority Schedule7
  Prepetition Revolving Collateral (other than collateral held at Pernix Therapeutics) DIP Collateral held at Pernix Therapeutics Other DIP Collateral
1. Carve-Out Carve-Out Carve-Out
2. Prior Liens Prior Liens Prior Liens
3. DIP Liens DIP Liens DIP Liens
4.

·      Prepetition Term Loan Adequate Protection Liens

·      Prepetition Revolving Adequate Protection Liens

 

Prepetition Revolving Adequate Protection Liens

·      Prepetition Term Loan Adequate Protection Liens

·      Prepetition Revolving Adequate Protection Liens

 

5. Prepetition Revolving Liens/Contingent Revolving Liens Prepetition Revolving Liens/Contingent Revolving Liens (Prepetition Revolving Collateral Only)  
6.   Nalpropion Adequate Protection Liens  
7.   Prepetition Nalpropion Liens (Nalpropion Collateral Only)  
8.   Prepetition Term Loan Adequate Protection Liens  

 

13.              Automatic Effectiveness of Liens. The automatic stay imposed under section 362(a) of the Bankruptcy Code is hereby vacated and modified to permit the DIP Loan Parties to grant (or continue to grant) the liens and security interests to the Prepetition Secured Parties (and

 

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7This chart provides an overview of the respective lien priorities upon some or all of the DIP Collateral and is qualified in its entirety by the applicable Prepetition Financing Documents, DIP Loan Documents, and Intercreditor Agreement. For the avoidance of doubt, the Contingent Revolving Liens, Prepetition Revolving Liens, and Prepetition Nalpropion Liens do not have liens upon all the DIP Collateral, but rather, certain assets of the Prepetition Collateral.

 

 

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