Amtrol Emerges From Bankruptcy

Law360, New York (June 7, 2007, 12:00 AM EDT) -- Water storage company Amtrol Holdings Inc. said Wednesday that it had emerged from Chapter 11 after the closing of a $128 million exit financing facility arranged by Merrill Lynch & Co. Inc. and Credit Suisse Group.

The money will now go toward repaying the debtor-in-possession financing in place during the company's restructuring. It will also pay certain expenses associated with the bankruptcy and will help fund ongoing operations.

“We are very excited about the new beginning for Amtrol provided by this new capital structure,” said Larry...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.