Items Tagged with 'bankruptcy'

The company has entered into a restructuring support agreement with a group of its lenders holding some of the company’s term-loan indebtedness.

Through its financial restructuring, the company eliminated approximately $2 billion of funded debt and is emerging with approximately $600 million of liquidity.

Hearthside reports its restructuring will allow it to eliminate more than $1.9 billion of its debt and secure $200 million of new equity capital at exit.

Dean Foods Company and some of its subsidiaries have entered into an asset purchase agreement with Dairy Farmers of America by which DFA will acquire a substantial portion of Dean Foods’ business operations. If the agreement is approved, DFA will acquire 44 of the Dean Foods’ fluid and frozen facilities and the real estate, inventory, equipment, and all other assets necessary to operate such facilities (aka the “Stalking Horse Assets”).