Orchard Brands Files for Bankruptcy
Posted on Mar 10, 2011 10:00pm PST
Orchard Brands Corp. has reportedly filed for Chapter 11 bankruptcy protection. According to reports, the company filed in order to reorganize and eliminate about $420 million in debt. The company is reportedly seeking $140 million in special debt financing. The company plans on being able to emerge from
bankruptcy in a quick amount of time.
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