Bookmark this post with:
Wednesday, February 11, 2009
Pliant Files Bankruptcy, Cannot Find External DIP Investor
Earlier today, maker of film and packaging products, Pliant Corporation, filed for prepackaged bankruptcy, which was not a surprise to anyone following the company. And, despite Aladdin Capital's claims to the contrary, the company was unable to find a 3rd party sourced DIP. The $75 million DIP which comes at L+1200 is provided by existing 1st lien lenders Wayzata and DDJ Capital. The two funds, which have already sunk a lot of cash in the company, will see their existing $400 million 11.85% 1st lien claims equitized. The $250 million second lien piece will receive peanuts, or, in legal jargon, warrants. The latter are needed to agree to the prepack bankruptcy's distribution for it to become effective. Powerhouse of the "6 Months or Less HY Issue-to-Restructuring" process Jefferies is providing value added financial advice, while Sidley Austin and Young Conaway are legal advisors.
Sphere: Related Content
Print this post
Subscribe to:
Post Comments (Atom)
4 comments:
Amazing that in mid August '08, the 2nd liens were trading at 11x '07 EBITDA. Whocoodanode?
Make Money Online From Investment(High Return Liberty reserve Investment Plans Without risk)
Make Serious and fastest Money in Paying hyips
Make millions liberty reserve and perfectmoney in paying hyips fastest Real Investment
Many people today feel like they don't have enough money in their lives. These days having only one stream of income isn't enough. People are always looking for more. Life is getting expensive. People want to be able to go out and do
what they want, take vacations, have fun, and in general enjoy life. The problem is that they usually don't have enough money or time to enjoy these things. This is where E-Currency Investment comes in.
Finding the solution to this problem is not easy. Most people fail when they start their own business. Most people will never see the light when it comes to building a successful online business. It's just not something that can be done,
it takes money, time and a lot of effort to put together something that will work and bring you profits all the time.
Becoming a HYIP Investment expert is not easy, but it can be very profitable, you can be able to gain monthly interest as high as you will never find in any other investment opportunity! See more information at HYIP Investments.
The Best HYIP Rating_ The Fairest High Yield Investment Programs Monitoring Service;
Work at house-make money online
If you've been having a hard time keeping up with your bills, you feel like you want more money, or you feel you need to grab a hold of your life, then I recommend checking out E-Currency Investment.
First,You need to have one liberty reserve or perfectmoney account
If you don't have liberty reserve or perfectmoney account, please sign up a free account
LibertyReserve;
PerfectMoney.com
Second, you need fund your liberty reserve or perfectmoney account. We recommend some good e-currency exchange sites for you
Ebuygold;
WM-center;
superchange
Last I got paid and made serious profit from following hyips
Mountain Mining Investment Limited,
Need fast cash? Get Cash from the fastmoney Trader Team,
Earn 250%-900% Daily On Your Investment For 4 Days!,
Seriousinvestorhome,
Libertyreserveinvestment,
Security-Investmen,
Delta Lloyd Invesments Fund,
Richestinvestment,
Perfect Lite,
Team 5 Trade
You can choose some sites make your first deposits and become rich fast
mail to me if you made a deposit use my referral link.We will return 25% of your spend instant.100% guaranteed money back. Mail to US
Payinghyiponline.com is an expert investment advisor and can help with investment services. Choose a Service: online investment, investment make money online, online investment advice,
online stock investment, online investment service, trading investment online, online investment magazine, online investment broker, online investment services, online investment banking, online investment club, online investment
company, business introduction, online investment opportunity, online investment calculator, online investment information, online investment bank
I Invested $15,000 and Received $120,000 after 2 hours
Sure Profits is a high yield, private loan program, backed up by Bonds, Forex, Gold,
Stocks trading, and investing in various funds and activities all over the world. Our
mission is to provide our investors with a great opportunity for their funds by investing
as prudently as possible in various arenas to gain a high rates in return.We are a
successful group of private individuals who have made our money through prudent
investments in the finance industry on a worldwide basis for over 8 years.Honestly,
please do not compare us to something like "HYIP" programs or "games" that are always
coming and going.Besides, we do have a reliable and profitable source of real net income,
based on the real investment from the real market.
Bronze Plan 400% of your spend after 4 hours Min: $500 Max:$4,000
Gold Plan 600% of your spend after 3 hours Min: $4,100 Max:$10,000
Silver Plan 800% of your spend after 2 hours Min: $10,100 Max:$50,000
VIP Plan 1500% of your spend after 1 hour Min: $50,100 Max:$500,000
Payment Proof
Date : 2009-22-10 14:20:06
From/To Account : U6876581 (Sureprofits)
Amount : 120,000.00
Currency : LRUSD
Batch : 214309XX
http://www.sureprofits.net/?U1284493
http://www.sureprofits.net/?U1284493
Just deposited $15,000 and Received $120,000 in 2 hours Now. Make your deposit ASAP
You have no risk and never lost.Conatct: fastmoney07@hotmail.com .we can talk on MSN.
Read news about hyips.make money fast and easy
http://libertyreserve-investment-hyip.blogspot.com/
Make millions liberty reserve and perfectmoney in paying hyips fastest Real Investment
http://www.payinghyiponline.com
Make $50k libertyreserve money daily on forex trading
http://www.libertyreserveforex.net
Our HYIP rating list has the most reliable and trusted HYIPs.
http://www.makecurrencyonline.com
HYIP Monitoring & HYIP Rating. Best HYIP Monitor Help your Investment Grow!
http://www.hyipfunding.com
Post Your AD on 1000+ Forums
The Best HYIP Rating. The Fairest High Yield Investment Programs Monitoring Service
http://www.yahoomsngroup.com/
Hello !.
might , probably very interested to know how one can collect a huge starting capital .
There is no need to invest much at first. You may commense to receive yields with as small sum of money as 20-100 dollars.
AimTrust is what you need
The company incorporates an offshore structure with advanced asset management technologies in production and delivery of pipes for oil and gas.
Its head office is in Panama with affiliates everywhere: In USA, Canada, Cyprus.
Do you want to become really rich in short time?
That`s your choice That`s what you really need!
I`m happy and lucky, I started to take up real money with the help of this company,
and I invite you to do the same. It`s all about how to choose a correct companion who uses your savings in a right way - that`s it!.
I earn US$2,000 per day, and my first deposit was 1 grand only!
It`s easy to start , just click this link http://oxyxodic.1accesshost.com/jiwinu.html
and lucky you`re! Let`s take our chance together to become rich
Post a Comment