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Article: JHT Holdings, Inc. Announces Plans for Financial Reorganization Under a Voluntary, Pre-Negotiated Chapter 11 Filing.
- Article from:
- PR Newswire
- Article date:
- June 25, 2008
CopyrightCOPYRIGHT 2008 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Company and lenders have great confidence in JHT's future success; Lenders providing $25 million in Debtor-in-Possession financing.
KENOSHA, Wis., June 25 /PRNewswire/ -- JHT Holdings, Inc. (JHT), a holding company whose subsidiaries provide heavy- and medium-duty truck transportation services, yesterday announced it reached agreement with its lenders to restructure its balance sheet through a voluntary, pre-negotiated Chapter 11 reorganization.
"Yesterday's action is simply a strategic financial decision on the part of JHT Holdings that will not impact the day-to-day operations of our subsidiary companies," said James Welch, chief executive officer of ...
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