American Banknote creditors, equityholders vote for plan

By Ellen Chang

Houston, April 5 - American Banknote Corp.'s creditors and equityholders voted to accept the plan of reorganization, according to a Monday filing with the U.S. Bankruptcy Court for the District of Delaware.

Voting was as follows:

* In class 3, made up of $95.48 million of claims for the 10 3/8% senior notes due 2005, there were 63 votes and $86.74 million for and 3 votes and $0.22 million against;

* In class 4, made up of $10.02 million of note convenience claims of $45,000 or less, there were 176 votes and $3.36 million for and 4 votes and $0.08 million against;

* In class 6, there was 1 vote and $0.03 million for and no votes against;

* Equity holders in class 7 cast 6 votes and 8.96 million shares for and no votes against;

* Equity holders in class 8 cast 308 votes and 85,000 shares for and 19 votes and 6,000 shares against.

The votes were tabulated and reported by MacKenzie Parners, Inc., the voting, information and tabulation agent for the company.

The Englewood Cliffs, N.J.-based printing company's case number is 05-10174. It filed for Chapter 11 on Jan. 20.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.