Bankrupt New York City live music venue and festival owner Avant Gardner will move forward with a deal allowing lender Axar Capital Management LP to buy most of its assets, including its Brooklyn Mirage stage. <\/p>\n
Axar affiliate AG Acquisition 1 LLC\u2019s credit bid<\/a> of at least $110 million was approved at a hearing Wednesday by Judge Mary F. Walrath of the US Bankruptcy Court for the District of Delaware over objections<\/a> from several merchant cash advance lenders<\/p>\n The price tag includes forgiveness of some pre-bankruptcy secured loans and all of the company\u2019s pledged $45.8 million in bankruptcy financing, according to …<\/p>\n","protected":false},"excerpt":{"rendered":"Bankrupt New York City live music venue and festival owner Avant Gardner will move forward with a deal…\n","protected":false},"author":2,"featured_media":12708,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[9975,98,100,99,9972,9970,9974,9969,9973,9,24,63,9971],"class_list":["post-12707","post","type-post","status-publish","format-standard","has-post-thumbnail","category-brooklyn","tag-bankruptcy-liquidation","tag-brooklyn","tag-brooklyn-headlines","tag-brooklyn-news","tag-commercial-debtor","tag-dip-financing","tag-estates","tag-factoring-transactions","tag-liquidating-trusts","tag-new-york","tag-new-york-city","tag-nyc","tag-unsecured-claims"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/12707","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=12707"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/12707\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/12708"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=12707"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=12707"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=12707"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}