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Third Time’s A Charm As Anchor Glass Emerges

Law360 (May 4, 2006, 12:00 AM EDT) -- After slipping into bankruptcy for the third time in the past 10 years, Anchor Glass Container Corp. has emerged from Chapter 11 protection as a privately held company upon the closure of its $215 million exit financing package with Credit Suisse Group.

Anchor Glass, the third-largest manufacturer of glass containers in the United States, met all requirements for its reorganization plan, which received overwhelming support from its creditors. The financing package is made up of a $145 million term loan and a $70 million revolver from...
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