New Filing - Channel Technologies Group LLC

10/17/16 Recap: Manufacturer of ceramics, transducers and sonar equipment sold to the US Navy and defense contractors like Northrop Grumman, Lockhead Martin and Raytheon files for chapter 11 to address onerous long-term contracts and attempt an expeditious sale of the business.
Jurisdiction: Central District of California
Capital Structure: $2.86mm secured debt
Company Professionals:
- Legal: Pachulski (Laura Davis Jones, Jeffrey Dulberg, Victoria Newmark, Maxim Litvak)
- Financial Advisor: CR3 Partners LLC (David Tiffany, Michael Nguyen, Rob Carringer)
- Claims Agent: Prime Clerk (*docket linked to company name above)
Other Parties in Interest:
- Prepetition Secured Creditor/DIP Lender: Blue Wolf Capital Partners
  - Legal: Holland & Knight LLP (John Monaghan, Alan Watson)
- Northrup Grunman
  - Legal: Gibson Dunn (Sam Newman, Daniel Denny)
- Lockhead Martin
  - Legal: Hogan Lovells LLP (Christopher Donoho, M. Shane Johnson)

Updated 12/30/16.