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Gsi Group Emerges From Chapter 11 Reorganization -company Exits With Reduced Debt-

By TechAgreements

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The Company entered Chapter 11 reorganization with over $210 million in debt issued pursuant to 11% Senior Notes due 2013 (the "Senior Notes"). Today, the Company emerged with approximately $107 million in debt issued pursuant to 12.25% Senior Secured PIK Election Notes due 2014 and approximately $50 million in total unaudited (global) Cash (before payment of accrued professional fees and other...

Full post as published by TechAgreements on July 23, 2010 (boomark / email).

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