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Article: Dayton Superior Exits Chapter 11 with Substantially Lower Debt, Increased Liquidity and Sustainable Capital Structure.
- Article from:
- Mining & Minerals Business
- Article date:
- November 13, 2009
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Dayton Superior Corporation (the "Company"), the leading North American provider of specialized products for the nonresidential concrete construction market, announced that it has emerged from Chapter 11 bankruptcy protection effective today, pursuant to a Plan of Reorganization (the "Plan") approved by the U.S. Bankruptcy Court for the District of Delaware in Wilmington on October 14, 2009. In conjunction with the Plan, Dayton Superior closed its $110 million exit financing facility and new $100 million term loan.
"All of us at Dayton Superior are very pleased to be out of Chapter 11," said Eric R. Zimmerman, Dayton Superior's President and Chief Executive ...