Finance / United States
If you would like to subscribe to Corporate Financing Week and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Corporate Financing Week please click on the trial link below.
Pierre Foods To Reorganise
October 2008 | Corporate Financing News AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
If you would like to subscribe to Corporate Financing Week and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Corporate Financing Week please click on the trial link below.
Cincinnati, Ohio-based Pierre Foods announced on September 30 that it has filed for a consensual Joint Plan of Reorganisation and Disclosure Statement with the US Bankruptcy Court in Delaware. The aim is to emerge from bankruptcy in Q109; it originally filed for Chapter 11 bankruptcy protection on July 15. The company is applying with the support of Oaktree Capital Management, which will become its majority owner if the plan is approved. Pierre has asked for a decision to be handed down by early December.