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Published on 9/17/2014 in the Prospect News Distressed Debt Daily.

Zodiac Pool representative seeks court dismissal of Chapter 15 case

By Kali Hays

New York, Sept. 17 – Zodiac Pool Solutions SAS foreign representative François Mirallé is seeking a dismissal of the company’s Chapter 15 bankruptcy case, according to a Sept. 17 filing with the U.S. Bankruptcy Court for the District Delaware.

Zodiac gained recognition and approval to amend and extend the maturity dates of its debt facilities from the High Court of Justice of England and Wales in July and recognition and enforcement of the English orders from the Bankruptcy Court Aug. 29.

Mirallé said that the English proceedings were substantially completed on July 31 and that the company closed the transactions related to the amendment and extension on Sept. 17.

“The Chapter 15 cases were commenced to ensure the enforcement of the amendment and extension in the United States. Having achieved that goal, and because there are no outstanding issues that might require relief, it is appropriate to terminate the cases at this time,” the filing stated.

A hearing is scheduled for Nov. 18.

Zodiac, a London-based supplier of swimming pool care products, filed bankruptcy on July 31. The Chapter 15 case number is 14-11818.


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