Former Standard Register plan OK’d by one voting class, other rejects

By Mark Reccek

Bethlehem, Pa., Nov. 9 – SRC Liquidation Co.’s, formerly Standard Register, Chapter 11 plan of liquidation was unanimously accepted by one voting class but rejected by the other, according to a Friday filing.

Five holders, or 100%, of $10 million in second-lien secured claims voted to accept the plan.

Also, 732 holders, or 92.78% of $110.27 million in general unsecured claims voted to accept the plan, while 57 holders, or 7.22% of $377.17 million voted to reject the plan.

Standard Register is a Dayton, Ohio-based provider of business documents and related services for the health care, financial services, commercial and industrial markets. The company filed for bankruptcy on March 12, 2015 in the U.S. Bankruptcy Court for the District of Delaware under Chapter 11 case number 15-10541.

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