Movie equipment supplier VER Technologies LLC won court approval to put its reorganization plan to a creditor vote, which would see the company slash more than $750 million in debt and merge with another entertainment-related company, WSJ Pro Bankruptcy reported. Bankruptcy Judge Kevin Gross on Monday signed off on the disclosure statement. VER’s creditors will have until July 6 to cast their ballots, and Judge Gross will weigh in on the plan on July 13. The company is one of the largest suppliers of rental production services and equipment globally to the corporate, television, cinema, live music and hotel and sports industries. Before seeking bankruptcy protection in April, VER reached a deal with its lenders to see the company merge with Production Resource Group LLC, which is backed by private-equity firm The Jordan Company, and also provides equipment and services for live events, television and film.
