Avant Gardner Creditors Withdraw Support for Axar Capital’s $110 Million Buyout of Brooklyn Mirage

In a recent report from Bloomberg Law, the official committee of unsecured creditors for Avant Gardner (the parent company of the Brooklyn Mirage) has withdrawn its support for a previously agreed-upon deal that would have allowed the venue’s primary lender, Axar Capital Management LP, to take over the business. This reversal threatens to derail the […]