Golf Shaft Maker True Temper Files For Ch.11

Law360, New York (October 8, 2009, 4:06 PM EDT) -- True Temper Corp., the world's leading manufacturer of golf shafts, has filed a voluntary petition for Chapter 11 bankruptcy, a week after announcing that it had reached a financial restructuring agreement with its secured lenders, bondholders and shareholders to reduce its overall loan balance.

In a petition filed in the U.S. Bankruptcy Court for the District of Delaware Thursday, the company listed both assets and liabilities between $100 million and $500 million, with between 1,000 and 5,000 creditors.

The board of directors has approved the prepackaged...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.