Exide Floats Ch. 11 Plan To Trim Debt By $600M

Law360, Wilmington (November 18, 2014, 7:23 PM EST) -- Battery maker Exide Technologies Inc. unveiled a Chapter 11 plan on Monday in Delaware bankruptcy court that would see the company emerge from bankruptcy as a going concern with a debt load reduced by roughly $600 million.

Backed by a plan support agreement reached with the majority of senior noteholders earlier this month, Exide's plan also envisions $175 million in new investment, according to the documents filed in Delaware bankruptcy court.

“The plan provides for an equitable distribution of recoveries to the debtor’s creditors, preserves the value of the debtor’s business as a going concern and preserves the jobs of employees,”...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Attached Documents

Related Sections

Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only


Subscribers Only

Nature of Suit

Subscribers Only


Subscribers Only

Date Filed

Subscribers Only

Law Firms