K-V Creditors Ask Judge To Delay Ch. 11 Plan Hearing

Law360, New York (March 1, 2013, 7:24 PM EST) -- Creditors of women's health care company K-V Pharmaceutical Co. on Friday urged the bankruptcy judge overseeing the company’s Chapter 11 proceedings to postpone a hearing this month so the parties can work out a proposal better than the current plan to reorganize K-V with the help of an $85 million loan.

K-V reached a financing deal with senior noteholders, the largest of which is Silver Point Capital LP, in December. The financing is intended to take advantage of a $60 million settlement with Hologic Inc. to...
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