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...
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