Restoration Forest Products Group files for Chapter 11 bankruptcy protection in Delaware, according to a court filing.
- Estimated liabilities: $100m-$500m
- Estimated assets: $100m-$500m
- Co. says it received $95m in additional financing from funds managed by Invesco Senior Secured Management Inc., according to separate statement
- Names Tony Flagor as CEO
- Invesco will become new majority owner of company in partnership with the existing equity sponsor Lateral Investment Management in post restructuring
- Expects to continue operating as usual throughout the court-supervised restructuring process, including meeting its obligations to its suppliers and vendors in the ordinary course
- NOTE: Other names the company has ...
Learn more about Bloomberg Law or Log In to keep reading:
Learn About Bloomberg Law
AI-powered legal analytics, workflow tools and premium legal & business news.
Already a subscriber?
Log in to keep reading or access research tools.