Former Haggen plan confirmed; operating company cases to be dismissed

By Caroline Salls

Pittsburgh, Nov. 14 – HH Liquidation, LLC, formerly Haggen Holdings, LLC, secured confirmation of its plan of liquidation, according to an order filed Wednesday with the U.S. Bankruptcy Court for the District of Delaware.

Under the plan, priority non-tax claims will be paid in full in cash.

Holders of secured claims and general unsecured claims will either receive the collateral securing the claims or be paid in cash in an amount equal to the value of the collateral.

Holders of Albertson’s and Haggen SLB secured claims will be paid in accordance with settlement agreements.

Holders of class A equity interests will receive a share of residual cash and any non-cash assets the plan administrator determines cannot be liquidated.

Holders of other equity interests will receive no distribution.

In addition, the court entered an order on Wednesday dismissing the Chapter 11 cases of the operating company debtors, effective as of the effective date of the holding company’s plan.

The operating company debtors include HH Operations, LLC; HH Opco South, LLC; HH Opco North, LLC; HH Acquisition, LLC; and HH Legacy, Inc.

Based in Bellingham, Wash., Haggen is a supermarket company. It filed for bankruptcy on Sept. 8, 2015 under Chapter 11 case number 15-11874.

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