May 27, 2017 5:25 PM ET

Construction and Engineering

Company Overview of Louisiana Crane & Construction, L.L.C.

Company Overview

Louisiana Crane & Construction, L.L.C. provides crane, construction, millwright, and industrial services. It offers crane services, such as mobile hydraulic, truck cranes, lattice boom conventional, rough terrains, all terrains, and crawler services to oil and gas, petrochemical, refinery, telecommunications, power generation, industrial, agriculture, commercial, marine, and railroad industries. The company also provides oilfield construction services, such as oilfield, pipeline, and plant maintenance, as well as civil and construction services; and industrial construction services, including project management, supervision, and craft labor to refining, petrochemical, paper mills, OSB and pl...

1045 Highway 190 West

P.O. Box 1049

Eunice, LA 70535

United States

Founded in 2002

Phone:

337-550-6217

Fax:

337-550-0746

Key Executives for Louisiana Crane & Construction, L.L.C.

Louisiana Crane & Construction, L.L.C. does not have any Key Executives recorded.

Louisiana Crane & Construction, L.L.C. Key Developments

Reorganization Plan and DIsclosure Statement Filed by Louisiana Crane & Construction, L.L.C.

Louisiana Crane & Construction Company, LLC filed a plan of reorganization and related disclosure statement in the US Bankruptcy Court on March 8, 2017. Under the plan, the administrative claims, professional fee claims, priority tax claims of $6 million and US Trustee fees will be paid in full in cash. Priority non-tax claims of $0.1 million and State and local taxing authorities’ claim of $0.4 million will be paid in full in cash. Central Bank of St. Louis claim of $0.9 million will be paid in full in cash. Citizens Bank claim of $0.92 million and Community Bank of $0.36 million will be paid in cash. Mack Financial Services of $0.45 million and Mercedes Benz Financial of $0.06 million and Siemens Financial of $1.32 million and Wells Fargo Equipment claim of $0.02 million and Sterling National Bank of $0.8 million and TCF Equipment Finance $0.88 million and Caterpillar Financial services claim of $7.68 million and Cerny Real Estate interests claim of $0.85 million and Jeff Davis Bank claim of $0.03 million and DeLage Landen Financial Services Inc. claim of $7.76 million and Peoples United Equipment Finance of $0.5 million will be paid in cash. General unsecured claims will be paid approximately 20% of the allowed amount. The existing equity holders will retain their equity interests and it will be reduced from 100% to 97% and Douglas Marcantel shall have 3% interest in the reorganized debtor. The plan will be funded from cash in hand and ongoing business operations.

Motion for Asset Sale Approved for Louisiana Crane & Construction, L.L.C.

The US Bankruptcy Court approved the sale of certain assets of Louisiana Crane & Construction, L.L.C. on February 8, 2017. As per the order, debtor has been authorized to sell 966 Hwy. 190 West, Section 33, T6S, R1W, Eunice, Louisiana consisting of 3.803 acres to John Eric Vizena for $0.30 million, as per the agreement dated November 18, 2016. Sale proceeds will be used to pay Citizens Bank of Ville Platte, Louisiana.

Motion for Asset Sale Approved for Louisiana Crane & Construction, L.L.C.

The US Bankruptcy Court gave an order approving the bidding procedures relating to the sale certain assets of Louisiana Crane & Construction, L.L.C. on January 17, 2017. The Court approved the asset purchase agreement between the debtor and John Eric Vizena, the stalking horse bidder, for the sale of its certain assets for a purchase price of $0.30 million in cash. The debtor’s assets include 966 Hwy. 190 West, Section 33, T6S, R1W, Eunice, Louisiana consisting of 3.803 acres. To qualify as a qualified bidder, interested parties should submit their bids three business days prior to January 31, 2017. The initial minimum overbid should be in the amount of at least $0.34 million in cash. If the debtor receives any qualified bids then it would hold an auction for its assets on January 31, 2017. At the auction, the subsequent bids would be in increments of $0.01 million. The sale proceeds will be paid Citizens Bank of Ville Platte, Louisiana.

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