Rose Sheet is part of the Business Intelligence Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

Printed By

UsernamePublicRestriction
UsernamePublicRestriction

Kmart emerges from Chapter 11

Executive Summary

Retailer concludes fast-track reorganization after completing all required actions and satisfying remaining conditions to its first amended plan of reorganization, Kmart announces in a May 6 1release. Kmart also closed on its new $2 bil. exit financing facility, which will help the retailer meet its ongoing working capital needs, firm states. Financing facility replaces debtor-in-possession facility provided by lenders to fund restructuring (2"The Rose Sheet" Jan. 28, 2002, p. 7). As part of new reorganization initiative, retailer has appointed James Gooch as VP and treasurer and has become an indirect subsidiary of newly-formed firm Kmart Holding Corporation. New shares of common stock initially will be publicly traded on the OTC market until the company is able to satisfy the listing criteria for NASDAQ...
Advertisement

Related Content

Kmart Reorganization Effort Backed With $2 Bil. Loan
Kmart Reorganization Effort Backed With $2 Bil. Loan
Advertisement
UsernamePublicRestriction

Register

RS011192

Ask The Analyst

Please Note: You can also Click below Link for Ask the Analyst
Ask The Analyst

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel