Law360, New York (May 11, 2010, 1:21 PM ET) -- GSI Group Inc. has reached a deal with key stakeholders to modify the terms of its Chapter 11 plan, a move the precision motion device and laser developer said would allow it to emerge from bankruptcy by this summer.
The modifications to GSI's plan, unveiled Tuesday, include a proposed rights offering fully backstopped by certain noteholders, according to the company.
Under the terms of the deal — which amends the company's third modified joint reorganization plan, filed in the U.S. Bankruptcy Court for the District of...
GSI Reaches Shareholder Deal To Speed Ch. 11 Exit
To view the full article, take a free trial now.
