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Article: ACT Manufacturing, Inc. Files Voluntary Petition for Chapter 11 Reorganziation.
- Article from:
- Business Wire
- Article date:
- December 21, 2001
CopyrightCOPYRIGHT 2001 Business Wire. 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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Business Editors
HUDSON, Mass.--(BUSINESS WIRE)--Dec. 21, 2001
ACT Manufacturing, Inc. (Nasdaq: ACTM) today filed a petition for reorganization under Chapter 11 of the U.S. Bankruptcy Code in Bankruptcy Court in Worcester, Massachusetts. The Company's overseas operations are unaffected by the filing. A hearing is scheduled for Wednesday, December 26 to authorize up to $9.5 million of temporary Debtor-in-Possession (DIP) financing for the Company. The Company has received a commitment from lenders to provide such DIP financing if approved by the court. Today the court authorized the company to use cash collateral until that time.
The DIP ...
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Article: ACT Manufacturing, Inc. Status of Liquidity ...
PR Newswire;
December 19, 2001 ;
700+ words
... ... HUDSON, Mass. -- ACT Manufacturing, Inc. today announced ... December 14, 2001. The Company is currently in default ... other parties. The Company is considering, a ... assets and value. ACT Manufacturing, Inc., headquartered ... equipment markets. The Company provides OEMs with ...
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