CCS Medical Completes Restructuring; Emerges With $35 Million Exit Financing

CCS Medical Inc., a provider of medical supplies, announced March 31 that the company has completed its financial restructuring and has emerged from Chapter 11 protection.

Through its restructuring, CCS Medical reduced its outstanding debt to approximately $200 million from approximately $522 million, according to a March 31 company news release. In addition, the company’s first lien lenders have exchanged their claims for 100 percent of the new equity in the company and certain new debt, the release states. The majority of the company’s trade vendors will be paid in full.

In conjunction with the plan, CCS Medical has also ...