Edgenet's U.S. Trustee soliciting noteholders to join committee

By Kali Hays

New York, March 4 - Edgenet, Inc. seller noteholders' request for appointment of a noteholders committee or a committee of unsecured creditors comprised of noteholders is being addressed by the Office of the U.S. Trustee, according to a Tuesday response filed with the U.S. Bankruptcy Court for the District of Delaware.

The Office of the U.S. Trustee is currently soliciting noteholders for their interest in serving on a committee of noteholders, though a committee has not yet been appointed, the response stated.

As previously reported, the seller noteholders are a group of 24 individuals who formerly held equity interests in Edgenet before it was acquired by Liberty Partners Holdings Partners 44, LLC.

Seller noteholders Fred Marxer, Timothy Choate and Davis Carr said any unsecured creditors committee comprised of noteholders would include noteholders who agree to waive any continued security interest arising from their seller notes.

A hearing is scheduled for March 11.

Edgenet, an Atlanta-based provider of cloud-based content, applications and services, filed bankruptcy on Jan. 14. The Chapter 11 case number is 14-10066.

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