Law & Health Weekly
Welcome to NewsRx!
Learn more about a six-week, no-risk free trial of Law & Health Weekly
We're a pay-per-view site for premium content. If you'd like to purchase this article, it's only $3.00.
Buffets Holdings, Inc.
Buffets Holdings, Inc. Emerges from Chapter 11
May 16th, 2009
Buffets Holdings, Inc. announced that it has emerged from Chapter 11 reorganization. After meeting all closing conditions to the Company’s exit financing and to its Plan of Reorganization, which was confirmed by the U.S. Bankruptcy Court for the District of Delaware in an order entered on April 17, 2009, the Plan has now become effective. In conjunction with its emergence from Chapter 11, Buffets today closed on $117.5 million in new first lien exit financing from various lenders. This financing, in addition to $139.8 million in second lien rollover financing remaining from the pre-petition lenders, enables the Company to satisfy its Chapter 11 Plan obligations and...
Source: Law & Health Weekly (2009-05-16)
|
