Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Fedders Receives Final Court Approval of Chapter 11 Financing Agreement
Oct 9, 2007
 Printable format
 Email this Article
 Search

Fedders Corp. announced it received final Court approval of debtor-in-possession (DIP) financing from Goldman Sachs Credit Partners L.P., subject to certain conditions and limitations.Under the terms of the financing agreement, Goldman Sachs Credit Partners will provide a US$33 million senior secured revolving facility. This facility is in addition to the existing $46.4 million term loan from Goldman Sachs, which will remain in place.

"We are pleased to report the Court granted final approval of the financing agreement," Michael Giordano, Fedders' President and CEO, said. "The financing will provide the company with sufficient liquidity as we move forward in the reorganization process."

Back to Daily News

 

Daily News

...........................................................

Aug 27, 2014: Sustainability Standard Launched for Household Portable and Floor Care Appliances

Aug 27, 2014: Electrolux Joins AllSeen Alliance to Develop Seamlessly Connected Appliances

Aug 27, 2014: HRAI Awards Industry Leaders at 46th Annual Meeting

Aug 27, 2014: North American PCB Business Shows Seasonal Slowdown

Aug 22, 2014: Could Quirky Acquire GE Appliances?

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows