Ex-Princeton Review Owner Wins OK For Ch. 11 Exit Plan

Law360, New York (March 7, 2013, 11:07 PM EST) -- The former owner of Princeton Review — renamed Education Holdings 1 Inc. after spinning off the test preparation business amid mounting financial woes — got its Chapter 11 exit plan that includes a $43.5 million exit facility approved by a Delaware bankruptcy judge on Thursday.

U.S. Bankruptcy Judge Brendan L. Shannon confirmed Education Holdings’ modified Chapter 11 plan filed March 3, saying it can now proceed to implement it. General Electric Capital Corp., its units and other senior secured lenders will be the exit financing lenders,...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.