#USA #Restructuring #Delaware #Chapter 11 #The Dolphin Company

The Dolphin Company Implements Leadership Strategy for Chapter 11 Restructuring

The Dolphin Company, recognized as the largest operator of water parks in Latin America and a leading dolphin attraction globally, has recently announced strategic leadership appointments aimed at effectively managing its ongoing Chapter 11 restructuring process. The changes were recognized by the U.S. Bankruptcy Court for the District of Delaware, highlighting the company's commitment to navigating this turbulent period successfully.

In March 2025, two pivotal figures were appointed to oversee the company's management during this transition: Steven Strom from Odinbrook Global Advisors was named independent director effective March 18, and Robert Wagstaff from Riveron Management Services took on the role of restructuring officer from March 28. These appointments come at a crucial time for the organization, as the company is under bankruptcy protection while restructuring several of its entities.

Despite its current challenges, The Dolphin Company remains steadfast in preserving operational integrity and focusing on stakeholder value. Both Strom and Wagstaff bring a wealth of experience to their roles. Strom has over 30 years of expertise dealing with complex challenges, which include creditor negotiations, asset sales, and DIP financing. Wagstaff contributes an impressive 35 years of experience in managing Chapter 11 cases, complex restructurings, and integration execution, particularly across Latin America and beyond.

The duo is set to lead The Dolphin Company through its restructuring plan, emphasizing animal welfare and safety, which aligns with the organization's mission of offering unique interactive marine experiences. This commitment is double-edged: it aims not only to stabilize operations but also to ensure the best possible recovery for stakeholders involved.

As the restructuring unfolds, The Dolphin Company is actively communicating with its financial supporters, investors, and stakeholders through detailed filings and updates available at veritaglobal.net/dolphinco. Interested parties can also reach out via the provided contact numbers for more information regarding the status of claims and the restructuring process.

About The Dolphin Company

Operating 30 parks and dolphin habitats across eight countries, The Dolphin Company emphasizes interactive experiences with marine mammals. In addition to its entertainment offerings, the company is dedicated to environmental conservation and education through various programs. As it works to regain financial footing, the restructuring plan is expected to enhance operational efficiency while maintaining its commitment to animal welfare and customer safety.

In conclusion, the leadership changes at The Dolphin Company signal a proactive approach to a challenging situation, fostering an environment conducive to recovery and sustainable growth amid the uncertainties of Chapter 11 proceedings. Stakeholders and enthusiasts alike will be watching closely as the company charts its course forward.