LIV Golf Reaches First Milestone on Path to Recapitalization Following Successful First Day Hearing
Court Grants Interim Approval of First Day Motions, Providing Liquidity and Flexibility to Support an Efficient Restructuring
LIV Golf Incorporated and its affiliates (collectively, “LIV Golf” or the “Company”) announced that the United States Bankruptcy Court for the District of New Jersey (the “Court”) granted interim approval of all of the Company’s First Day Motions in connection with its voluntary chapter 11 cases at its First Day Hearing on September 9, 2026.
Among other relief, the Court granted interim approval for LIV Golf to access $14 million of the $49.6 million in debtor-in-possession (“DIP”) financing. The Court also authorized the Company to continue paying employee wages and benefits, maintain certain employee programs, and make certain payments to vendors and other business partners.
These approvals provide LIV Golf with the ability to administer the chapter 11 process, continue productive discussions with players regarding their participation in the go-forward League, and advance the proposed recapitalization transaction contemplated by its Restructuring Support Agreement (the "RSA") with BC Partners Advisors L.P., the credit business of BC Partners ("BC Partners Credit").
