J.L. French Files Amended 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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