Amtrol Emerges From Bankruptcy

Law360, New York (June 7, 2007, 12:00 AM EDT) -- Water storage company Amtrol Holdings Inc. said Wednesday that it had emerged from Chapter 11 after the closing of a $128 million exit financing facility arranged by Merrill Lynch & Co. Inc. and Credit Suisse Group.

The money will now go toward repaying the debtor-in-possession financing in place during the company's restructuring. It will also pay certain expenses associated with the bankruptcy and will help fund ongoing operations.

“We are very excited about the new beginning for Amtrol provided by this new capital structure,” said Larry...
To view the full article, register now.