Metalforming requests court OK to hire financial and restructuring adviser

By Caroline Salls

Pittsburgh, July 5 - Metalforming Technologies, Inc. requested authorization to hire Conway, Del Genio, Gries & Co., LLC as financial and restructuring adviser, according to a Tuesday filing with the U.S. Bankruptcy Court for the District of Delaware.

The duties of the adviser will include:

*Reviewing the company's short-term liquidity forecasts and assisting management in updating them;

*Assisting the company in evaluating strategic alternatives;

*Assisting in the development, evaluation, negotiation, and execution of a potential restructuring plan or plan of reorganization;

*Assisting in evaluating divisional/business unit performance and long-term viability;

*Assisting in obtaining debtor-in-possession financing and/or preparing and negotiating cash collateral arrangements;

*Assisting with the preparation of reports and communications with lenders;

*Assisting with preparation of a disclosure statement; and

*Assisting in obtaining exit financing.

A hearing is scheduled for July 18.

Metalforming, a Chicago-based automobile parts manufacturer, filed for bankruptcy on June 16. Its Chapter 11 case number is 05-11697.

© 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.