Zest Soap Maker Strikes Creditor Deal On Ch. 11 Loan

Law360, Wilmington, Del. (February 14, 2020, 4:31 PM EST) -- The bankrupt maker of Zest soap and other personal hygiene and beauty products told a Delaware judge Friday that it had reached an agreement with its creditors to gain final approval of a $40 million Chapter 11 loan.

During a hearing in Wilmington, High Ridge Brands Co. attorney Robert S. Brady of Young Conaway Stargatt & Taylor LLP said the company, its secured lenders and the official committee of unsecured creditors had come to terms on a deal that will see a guaranteed recovery for the unsecured creditors and resolve other outstanding issues in the proceedings.

"With the resolution of the...

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