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Atlantis Plastics, Inc.
Atlantis Plastics, Inc. Announces Approval of Financing Facility and Appointment of Stalking Horse Bidders
September 20th, 2008
Atlantis Plastics, Inc. (the "Company") is pleased to announce that on Thursday, August 28, 2008, the United States Bankruptcy Court for the Northern District of Georgia appointed AEP Industries Inc. and Custom Plastic Solutions, LLC, a subsidiary of Monomoy Capital Partners, L.P., as the "stalking horse" bidders for the Company's Plastics Films and Molded Products businesses, respectively. These "stalking horse" bids are subject to higher and better offers at a Court sponsored auction, scheduled to be held on October 2, 2008. In addition, the Court approved the $26.5 million post petition financing facility provided by a consortium of lenders led by GE Financial Services Inc....
Source: Law & Health Weekly (2008-09-20)
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