EveryWare Global Files Prepackaged Chapter 11 Plan
The Wall Street Journal reported EveryWare Global, maker of Anchor Hocking and Oneida kitchen products, filed for Chapter 11 protection Tuesday with plans to implement a debt-for-equity swap with senior lenders.
The Journal said EveryWare revealed it has assets of $237.8 million and liabilities of $380.4 million, in a filing made in U.S. Bankruptcy Court in Wilmington, DE.
The Journal added EveryWare has been in talks with its lenders, led by Deutsche Bank AG, for months over its financial difficulties.
To read the entire Journal article, click here.