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Apollo Capital To Help Fund Marcal's Restructuring

Law360 (June 26, 2007, 12:00 AM EDT) -- Bankrupt paper company Marcal Paper Mills Inc. filed its reorganization plan Monday, saying it has secured a $60 million investment from private-equity firm Apollo Capital Management LP and that it hopes to emerge from Chapter 11 by the fall.

In addition to filing the plan and a disclosure statement in the U.S. Bankruptcy Court for the District of New Jersey, Marcal noted that Apollo's loan will play a key role in financing the company’s restructuring plans.

“This is an important and positive step forward for the...
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