Muzak Set To Exit Ch. 11 With $100M In Financing

Law360, New York (January 12, 2010, 6:09 PM EST) -- A judge has confirmed the Chapter 11 plan for bankrupt music provider Muzak Holdings LLC, approving more than $100 million in exit financing and clearing a path for the company to emerge from bankruptcy by the end of January.

The U.S. Bankruptcy Court for the District of Delaware confirmed the plan, which aims to reduce the company’s outstanding debt by more than half to $230 million, at a confirmation hearing on Tuesday.

"The court's confirmation of our plan is a great achievement for Muzak and reflects...
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