Amtrol Files Reorganization Plan

Law360 (March 6, 2007, 12:00 AM EST) -- Amtrol Holdings Inc. has filed a Chapter 11 plan that will provide for a debt-for-equity swap with holders of its $97.8 million in senior subordinated notes, and allow pre-petition and post-petition lenders and unsecured creditors to be repaid in full.

The plan, filed March 1 in the U.S. Bankruptcy Court for the District of Delaware, gives Amtrol’s senior noteholders the option to trade their notes for either a pro-rata share of 100% of reorganized Amtrol's stock or a cash payment of 60% of the principal amount...
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