Lang enters Ch. 11, to sell assets (Dealscape

Private equity-backed stationary supplier Lang Holdings Inc. has begun marking up the calendar for its trip through bankruptcy court.

Chief Judge Kevin J. Carey of the U.S. Bankruptcy Court for the District of Delaware in Wilmington was set to consider interim approval of the debtor's $16 million debtor-in-possession loan and use of cash collateral at a late hearing on Friday, July 17. Lang seeks permission to tap $8.5 million of the postpetition loan as it continues a search for a buyer.

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NOT A SUBSCRIBER? Lang enters Ch. 11, to sell assets Posted on July 17, 2009 5:52 PM Private equity-backed stationary supplier Lang Holdings Inc. has begun marking up the calendar for its trip through bankruptcy court. Chief Judge Kevin J. Carey of the U.S. Bankruptcy Court for the District of Delaware in Wilmington was set to consider interim approval of the debtor's $16 million debtor-in-possession loan and use of cash collateral at a late hearing on Friday, July 17. Lang seeks permission to tap $8.5 million of the postpetition loan as it continues a search for a buyer. This is a free content preview. Subscribers enjoy access to all stories in full as well as second-to-none market intelligence. Dig deeper, with Pipeline. 1,157 in-depth reports of bankruptcy deals in the retail sector 4 in-depth transaction records for Lang Holdings Inc. 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Deutsche Bank Birds Eye Cadbury AG Agrium Inc. Skadden Arps Revolution Money Tandberg ASA Aisling Capital Ken Lewis Natco		EXISTING USERS Username Password Forget your password? Missing a product?

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