SHEBOYGAN, WI --
J.L. French Automotive Castings, a privately-held supplier of high pressure die-cast aluminum automotive components and assemblies, announced that its Plan of Reorganization has gone into effect. As a result, the company has emerged from Chapter 11 protection. The company's new financing has also gone into effect and includes a $50 million revolver available to fund working capital needs.
Disbursements under the plan to satisfy creditor claims in various classes will take place as soon as practical, as stated in the company's Plan of Reorganization. Stock certificates and warrants in the newly reorganized company will also be distributed in accordance with the terms of the plan, according to the company.
For more information about J.L. French Automotive Castings, go to:
www.jlfrench.com.
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