Oneida Emerges From Chapter 11

Law360, New York (September 18, 2006, 12:00 AM EDT) -- Dinnerware and flatware maker Oneida Ltd. has emerged from bankruptcy after less than seven months in Chapter 11. The restructured company has a $170 million credit facility, and is now privately held.

“We now have both equity and debt capital in the right proportions to support our growth initiatives and profit improvement programs,” said James E. Joseph, Oneida’s president. “We look forward to reinforcing and expanding our relationships with Oneida’s customers, suppliers and business partners.”

But while the company may be crowing about having the table...
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