SHEBOYGAN, WI -- J.L. French Automotive Castings, Inc., a privately-held global supplier of high pressure die-cast aluminum automotive components and assemblies, has received Court approval of its Disclosure Statement, allowing the company to move forward with the final steps in its reorganization.

Beginning May 17, the company will begin soliciting acceptance of the Plan of Reorganization from impaired classes of creditors. All votes will be due by June 14, and the rights offering will commence within a week thereafter. Concurrently with the solicitation of plan acceptances, the company will also conduct its rights offering, which will raise between $110 and $130 million. The company anticipates a confirmation hearing on June 21 with a plan effective date on or about June 30.

_______________________________________

Click here to view the rest of today's headlines.