Rand Logistics, Inc., along with six affiliates and subsidiaries, has filed a petition for relief under Chapter 11 in the Bankruptcy Court for the District of Delaware (Lead Case No. 18-10175). Rand, a leading provider of bulk freight shipping services in the Great Lakes region, previously announced on November 21st that it was being acquired by American Industrial Partners, the sole holder of Rand’s second lien notes, via a prepackaged plan of reorganization. The First Day Declaration bears this announcement out, explaining that Rand enters Chapter 11 having negotiated with AIP a prepackaged Plan of Reorganization that will pay unsecured creditors in full, while swapping AIP’s notes for equity in the reorganized Rand. The Disclosure Statement can be found here. Rand proposes to have a combined hearing on the prepacked Plan and Disclosure Statement on February 27, 2018. A list of creditors can be found here. Kurtzman Carson Consultants, LLC, is the proposed claims and noticing agent. The cases have been assigned to the Honorable Brendan Linehan Shannon.