Radnor Files Amended Liquidation Plan

Law360, New York (February 22, 2008, 12:00 AM EST) -- Radnor Holdings has submitted an amended liquidation plan in its Chapter 11 case that aims to make good on a $28 million secured claim held by Tennenbaum Capital Partners LLC.

The foam cup manufacturer filed its liquidation plan in the U.S. Bankruptcy Court for the District of Delaware on Thursday, outlining that the secured lender would receive Radnor’s equity interests in Wincup Re LLC and all the proceeds of the liquidation of its other assets.

Radnor said as long as TCP’s claims and other secured and...
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