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Article: Register parent emerges from Chapter 11?
- Article from:
- New Haven Register
- Article date:
- August 8, 2009
- Author:
CopyrightCopyright 2009 New Haven Register. Provided by ProQuest LLC. (Hide copyright information)
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YARDLEY, Pa. -- Journal Register Co., parent company of the New
Haven Register, Friday announced that its pre-negotiated plan of
reorganization has become effective and the company has successfully
emerged from Chapter 11 bankruptcy protection in less than six
months from commencing the case. The company also has closed on its
exit financing consisting of a $150 million Tranche A Term Loan
Agreement with JPMorgan Chase Bank, N.A., as administrative agent, a
$75 million Tranche B Term Loan Agreement with Wells Fargo Bank,
N.A., as administrative agent, and a revolving credit facility with
Wachovia Bank, National Association.
"We would like to thank our employees, lenders and advisers for ...