Court Approves Exide’s Disclosure Statement, Other Milestone Agreements
MILTON, Ga. – The U.S. Bankruptcy Court for the District of Delaware has approved the adequacy of Exide Technologies’ disclosure statement for its Plan of Reorganization (“POR”). With the Court’s authorization, Exide can now begin the process of soliciting approval of the POR. The hearing to confirm the POR is scheduled for March 27, 2015.
Exide Unveils New Approach To Label Design
The company’s new design approach emphasizes typography and simplicity, and uses new mobile-friendly product pages to provide additional information.
Exide Technologies Launches New Light-Vehicle Battery Range
Exide’s new range of batteries offers significant performance gains, faster recharging and a sleek new design, according to the company.
Large Performance Gains In Exide’s New Start-Stop Batteries
Exide will launch its new light vehicle battery range at the Automechanika trade fair in Frankfurt this September.
Exide Technologies Adds New Executive Leadership Team Members
Thomas Strang and Charles Giesige will lead company’s efforts to upgrade Vernon, Calif., recycling facility; ensure compliance with health, environmental and safety regulations.
Exide Technologies Issues Temporary Layoff Notices To Employees At Vernon, Calif., Recycling Facility
The temporary layoffs will affect 20 salaried workers, along with 104 hourly employees who are members of the United Steel Workers Union, AFL-CIO, Local No. 675.
Exide Technologies Earns Recognition As A John Deere Partner-level Supplier
As a supplier of lead-acid starting batteries for John Deere heavy-duty equipment, Exide was selected for the honor in recognition of its dedication to providing products and service of outstanding quality as well as its commitment to continuous improvement.
Exide Technologies Receives Interim Court Approval Of $500 Million Financing Agreement That Assures Continued, Uninterrupted Global Operations
The company’s current asset-based lending facility with outstanding obligations of approximately $160 million, will be paid off in full as a part of the new funding.
Operations Suspended At California Exide Facility
Exide receives order from California Department Of Toxic Substances Control regarding its Vernon, Calif., secondary lead recycling facility.
Exide Technologies Retains Financial Adviser
Exide has retained the advisory firm Lazard to advise the company on financing alternatives “to maximize the value of the company for all stakeholders.”