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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