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EP 14 | Uncle Nearest Fallout, Stoli Valuations, K-Pop Demons and Dad Core

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Manage episode 502580464 series 3649585
Content provided by Octus. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Octus or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Jason Sanjana and Kevin Eckhardt open in Tennessee with Uncle Nearest Premium Whiskey's court-ordered receivership. What began as a celebrated brand story has turned into missing collateral, questionable accounting, and a Martha's Vineyard real estate controversy. Fawn Weaver faces accusations of overstating barrel inventory by $21 million, transferring assets improperly, and violating gag orders through Instagram posts. Patrick Mohan, whiskey correspondent, joins (04:12) to discuss how premium spirits brands navigate financial distress and whether Uncle Nearest can survive its founder's social media strategy.

From there (21:27), the conversation shifts to Stoli's rare full-blown cram down fight against Fifth Third Bank. Once standard bankruptcy practice, dirt-for-debt scenarios have become extinct in modern Chapter 11 cases. Stoli wants to hand over Kentucky Owl bourbon inventory to satisfy secured debt, but the parties remain deadlocked on valuation after five days of confirmation hearings. The hosts debate whether Houston's debtor-friendly reputation can overcome fundamental secured creditor protections.

This episode's unofficial sponsor (34:45), the Brazil-Miami Pipeline, makes its case. The tongue-in-cheek ad skewers cross-border restructuring complexity before Jason and Kevin pivot to Oi's unprecedented Chapter 15 termination request, weighing jurisdictional chaos against practical solutions.

The show closes with Dad Core (36:37), where K-Pop Demon Hunters dominates Netflix streaming charts. The animated film's sincere treatment of Internet fandom culture sparks discussion about girl-dad dynamics and content that bridges generational gaps. The hosts reflect on modern parenting through pop culture that doesn't demonize social media engagement.

Hosted by Jason Sanjana & Kevin Eckhardt
Guest: Patrick Mohan (Whiskey Correspondent)
Produced and Edited by Tanya Hubbard
A Production of The Octus Podcast Network

  continue reading

14 episodes

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iconShare
 
Manage episode 502580464 series 3649585
Content provided by Octus. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Octus or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Jason Sanjana and Kevin Eckhardt open in Tennessee with Uncle Nearest Premium Whiskey's court-ordered receivership. What began as a celebrated brand story has turned into missing collateral, questionable accounting, and a Martha's Vineyard real estate controversy. Fawn Weaver faces accusations of overstating barrel inventory by $21 million, transferring assets improperly, and violating gag orders through Instagram posts. Patrick Mohan, whiskey correspondent, joins (04:12) to discuss how premium spirits brands navigate financial distress and whether Uncle Nearest can survive its founder's social media strategy.

From there (21:27), the conversation shifts to Stoli's rare full-blown cram down fight against Fifth Third Bank. Once standard bankruptcy practice, dirt-for-debt scenarios have become extinct in modern Chapter 11 cases. Stoli wants to hand over Kentucky Owl bourbon inventory to satisfy secured debt, but the parties remain deadlocked on valuation after five days of confirmation hearings. The hosts debate whether Houston's debtor-friendly reputation can overcome fundamental secured creditor protections.

This episode's unofficial sponsor (34:45), the Brazil-Miami Pipeline, makes its case. The tongue-in-cheek ad skewers cross-border restructuring complexity before Jason and Kevin pivot to Oi's unprecedented Chapter 15 termination request, weighing jurisdictional chaos against practical solutions.

The show closes with Dad Core (36:37), where K-Pop Demon Hunters dominates Netflix streaming charts. The animated film's sincere treatment of Internet fandom culture sparks discussion about girl-dad dynamics and content that bridges generational gaps. The hosts reflect on modern parenting through pop culture that doesn't demonize social media engagement.

Hosted by Jason Sanjana & Kevin Eckhardt
Guest: Patrick Mohan (Whiskey Correspondent)
Produced and Edited by Tanya Hubbard
A Production of The Octus Podcast Network

  continue reading

14 episodes

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