CCS Medical Files For Ch. 11 With Prearranged Plan

Law360, New York (July 8, 2009, 12:00 AM EDT) -- CCS Medical Inc., a Florida-based provider of medical supplies, filed for Chapter 11 protection Wednesday after reaching an agreement with some of its lenders to restructure its debt and improve its capital structure.

The company said the plan with certain holders of its first lien loan would reduce its debt from about $522 million to about $200 million. It said the filing in the U.S. Bankruptcy Court for the District of Delaware would not impact operations.

Under the proposal, CCS debt would be swapped for $200...
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