Radnor Completes Sale Of Assets To Credit Bidder
Radnor entered Chapter 11 in August, with investment firm Tennenbaum Capital Partners LLC positioned to win its assets in a so-called “credit bid.” Tennenbaum invested $120 million in floundering Radnor about a year ago.
Santa Monica, Calif.-based Tennenbaum bought two of the company’s flagship divisions, valued at...
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