Opinion ID: 2954553
Heading Depth: 2
Heading Rank: 2

Heading: The Redfish Bay Sale.

Text: Meanwhile, the Trustee sought permission to sell the Redfish Bay Assets 4Platinum is used as a catalyst in refining. It is unclear from the record whether the platinum on hand was covered in security agreements for the Working Capital Assets. Our holding does not depend on such coverage. 5 Case: 14-50046 Document: 00513196170 Page: 6 Date Filed: 09/16/2015 No. 14-50046 separately. On May 20, 2011, the bankruptcy court authorized the sale of the Redfish Bay Assets to TexStar MidStream Services for $6.5 million. The Redfish Bay Sale Order directed the Trustee upon closing to reduce or eliminate the remaining DIP Financing Facility balance from sale proceeds. 5 The Redfish Bay sale closed on May 20, 2011, and the Trustee as directed paid the DIP Financing Facility virtually in full, leaving the remainder of the sale proceeds to the AGE estate. 6