Generation Brands Reorganization Plan Confirmed
Judge Peter J. Walsh of the U.S. Bankruptcy Court for the District of Delaware confirmed the plan following a hearing Friday.
The plan eliminates more than $150 million of debt from Generation Brands' balance sheet, reduces interest expenses and extends maturities until 2014, the company said.
Judge Walsh's order confirming the plan notes that only two objections were filed, one by the...
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