Home Products Makes Quick Turnaround From Ch. 11
Under the terms of the company’s second amended Chapter 11 plan of reorganization, senior subordinated notes will be converted into approximately 95% of the company’s post-bankruptcy equity.
The company’s existing common stock has been extinguished, but certain common stockholders will receive the remaining 5% of Home Products’ post-bankruptcy equity. Also extinguished is Home Products’ previous board of directors, which has been...
To view the full article, register now.