Posts Tagged ‘bankruptcy’
|This post was written by Elizabeth A. Reid
MEGA Brands Seeks U.S. Bankruptcy Court Protection
Tuesday, February 23rd, 2010
According to Reuters, MEGA Brands has filed a Chapter 15 proceeding in a U.S. bankruptcy court in Delaware, clearing the way for a key recapitalization vote next month. The Montreal-based company said on Friday that it had started proceedings in Canada on February 12 to implement a restructuring that would cut its debt by about $290 million and annual interest expenses by about $30 million.
Tags: bankruptcy, Mega Brands
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