J.L. French Files Amended Reorganization Plan

Law360, New York (May 4, 2006, 12:00 AM EDT) -- Taking the next step towards emerging from Chapter 11, J.L. French Automotive Castings Inc. filed an amended reorganization plan and disclosure statement this week, one month after filing a prearranged reorganization plan.

The company’s first plan called for repayment in full of the first-lien debt, which totals approximately $295 million. Second-lien notes claims, which total approximately $177 million, will be converted into 8% to 22% of the new common stock.

J.L. French’s amended plan, which incorporates the terms of a settlement between the company, the official...
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