Tuesday, October 03, 2017
Press release from the issuing company
Discussions Continuing with Lenders on Plan for Expedited Restructuring and Emergence
Appleton, Wis. – Appvion, Inc. (the Company) today announced that it and certain of its subsidiaries filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware to facilitate a balance sheet restructuring and better position the business for long-term growth and success.
The Company expects to continue operations as usual and has obtained a commitment for $85 million in …
Read the full article at: http://whattheythink.com/news/87122-appvion-initiates-process-restructure-debt-position-business-long-term-success/