We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Remy Emerges From Chapter 11

Law360 (December 7, 2007, 12:00 AM EST) -- Remy International Inc., the bankrupt auto parts maker that spun off from General Motors in 1994, has sailed through Chapter 11, restructuring its debt and arrangements with GM in less than 59 days.

U.S. Bankruptcy Judge Kevin J. Carey approved Indiana-based Remy's disclosure statement and prepackaged Chapter 11 plan on Nov. 20. Remy also gained access to an exit financing facility worth up to $330 million, which includes a $120 million revolver and $210 million in term loans, on Dec. 6, the company said.

The company...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.