Peekay Acquisition, LLC, along with sixteen (16) of its affiliates and subsidiaries, has filed a petition for relief under Chapter 11 in the Bankruptcy Court for the District of Delaware (Lead Case No. 17-11722).  Headquartered in Auburn, Washington, Peekay is a leading specialty retailer of a broad selection of lingerie, sexual health and wellness products and accessories.  The Debtors estimate their assets between $10 -$50 million and their liabilities between $50 – $100 million.  According to the First Day Declaration, the Peekay enters Chapter 11 seeking a competitive sale process.  Peekay’s Term Lenders have submitted a bid to serve as stalking horse during this sale process.  Rust Consulting/Omni Bankruptcy is the proposed claims and noticing agent.  The cases have been assigned to the Honorable Kevin J. Carey.

Contact Norman L. Pernick and Nicholas J. Brannick for more information.