Former Rockport can use cash collateral through March 2

By Sarah Lizee

Olympia, Wash., Feb. 2 – RP Co. Liquidating, LLC, formerly Rockport Co., LLC, secured approval to continue using cash collateral through March 2, according to a second final order filed Friday with the U.S. Bankruptcy Court for the District of Delaware.

Subordinated note agents Charlesbank Equity Fund IX, LP and Charlesbank Equity Fund IX, LP and affiliated noteholders have an interest in the cash collateral.

Proceeds may be used for general operating, corporate and working capital purposes; the costs and expenses of administering the Chapter 11 cases; and payment of the adequate protection obligations provided in the final order.

Rockport, a West Newton, Mass.-based footwear company, filed its first bankruptcy case on May 14, 2018, and emerged from those proceedings on Dec. 31, 2018. The company filed bankruptcy a second time on June 14, 2023 under Chapter 11 case number 23-10774.

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