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Saturday, September 13, 2008

09/13/08 The Raw Grenwich Business News Feed For Saturday




Kansas.com

A judge has given the makers of Hostess Twinkies an additional four months to work out a new plan for exiting four years of bankruptcy.

U.S. Bankruptcy Court Judge Jerry Venters on Friday approved Interstate Bakeries Corp.' s motion to extend the deadline of its debtor-in-possession financing package to Feb. 9. The judge also agreed to let the Kansas City-based company borrow an additional $79 million under the financing arrangement.

Attorneys for Interstate Bakeries say the company is close to working out an arrangement in which New York-based Ripplewood Holdings and Greenwich, Conn.-based Silver Point Finance will provide the company with money to operate after leaving bankruptcy.

In a news release, Interstate Bakeries said a group including Ripplewood and Silver Point would provide a total of $469 million for a reorganized Interstate Bakeries...


Journal News


Woodard & Curran, White Plains, an engineering, science and operations company, has announced the following promotions: Jason Eisenhuth, Greenwich, Conn., to regulatory specialist ........


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