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“When dockets are quiet, people are working,” said Judge Christopher Lopez at the continuation of the second-day hearing in First Brands, and the veracity of that statement was shown as he granted final approval of the debtors’ DIP motion after having successfully reached settlements with all objecting parties.

The second-day hearing commenced on 6 November. During that hearing, the debtors announced that they had been able to resolve several of the objections made to the DIP motion, most notably from the UCC and Evolution. At the close of the hearing, however, a number of objections were still outstanding, including from Onset and the ABL agent.

Before the hearing resumed on 7 November, the debtors filed a revised proposed form of order that indicated that Onset’s objection had been resolved in a similar fashion as had been the Carnaby lenders’ and Aequum’s the day before. In addition, the ABL agent’s objections were also resolved, with that resolution to be included in the final order.

Sunny Singh of Weil Gotshal, counsel for the debtors, presented the debtors’ case-in-chief for the debtors, although most of his statements concerned small additional clarifications that parties were requesting to be contained in the final order.