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Latest Debtor-in-possession financing Stories

2009-11-15 19:47:00

TROY, Mich., Nov. 15 /PRNewswire-FirstCall/ -- Champion Enterprises, Inc. (NYSE: CHB), a leader in factory-built construction, today announced that it and its domestic operating subsidiaries filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code.

2009-10-28 20:47:00

VAN BUREN TOWNSHIP, Mich., Oct. 28, 2009 /PRNewswire-FirstCall/ -- Visteon Corporation (OTC: VSTN) has filed a motion with the U.S. Bankruptcy Court in Delaware seeking approval of up to $150 million in debtor-in-possession (DIP) financing from a consortium of its term loan lenders.

2009-10-07 14:42:00

WEXFORD, Pa., Oct. 7 /PRNewswire/ -- PTC Alliance (www.ptcalliance.com), a leading manufacturer and marketer of welded and cold drawn mechanical steel tubing and tubular shapes, fabricated parts, precision components and chrome-plated rod, announced today that the company and its U.S.

2009-10-01 06:00:00

RED BANK, N.J., Oct. 1 /PRNewswire-FirstCall/ -- Hovnanian Enterprises, Inc. (NYSE: HOV) (the "Company") announced that its wholly owned subsidiary, K. Hovnanian Enterprises, Inc. ("K.

2009-08-24 10:49:42

The publisher of Reader's Digest Magazine said Monday it has followed through on plans to file for Chapter 11 bankruptcy protection. The Reader's Digest Association Inc. of Pleasantville, N.Y., said in a release its previously announced bankruptcy filing plans were carried out Monday.

2009-08-24 05:20:00

PLEASANTVILLE, N.Y., Aug. 24 /PRNewswire/ -- The Reader's Digest Association, Inc.

2009-08-06 16:52:00

NOVI, Mich., Aug. 6 /PRNewswire/ -- Cooper-Standard Holdings Inc., the parent company of Cooper-Standard Automotive Inc., announced today that the Company and its subsidiaries in the U.S. and Canada received interim court approval of their $175 million debtor in possession financing. Judge Peter J.

2009-08-04 14:50:00

SAN DIEGO, Aug. 4 /PRNewswire-FirstCall/ -- Applied Solar, Inc. (debtor-in-possession) (OTC Bulletin Board: APSO) ("we" or the "Company") announced today that it has obtained a secured, superpriority debtor-in-possession ("DIP") financing facility from The Quercus Trust.

2009-07-08 14:56:39

A lead automotive industry adviser to the White House said the government was keeping a close eye on suppliers to the shaky U.S. auto industry. There have been a number of recent bankruptcy filings by important part suppliers, adviser Steve Rattner said.

2009-07-01 15:40:00

SOUTHFIELD, Mich., July 1 /PRNewswire-FirstCall/ -- Debt Restructuring Agreement Supported by Steering Committees of Secured Lenders and Bondholders Lear Anticipates Implementing Restructuring Through an Expedited Chapter 11 Plan Process Involving the Company and Certain of its U.S.


Word of the Day
ecotone
  • A transitional zone between two communities containing the characteristic species of each.
The word 'ecotone' comes 'eco-' plus a Greek root meaning 'tension'.