E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 9/12/2019 in the Prospect News Distressed Debt Daily.

United Sporting secures approval of $8.42 million Bellefontaine sale

By Caroline Salls

Pittsburgh, Sept. 12 – United Sporting Cos., Inc. received court approval of the sale of its Bellefontaine, Ohio, facility, according to an order filed Thursday with the U.S. Bankruptcy Court for the District of Delaware.

United Sporting said E Brothers Ltd. has agreed to pay $8.42 million for the facility.

E Brothers was the stalking horse bidder, with an initial bid of $7.4 million.

United Sporting is a Chapin, S.C.-based marketer and distributor of a broad line of products and accessories for hunting and shooting sports, marine, camping, archery and other outdoor activities. The company filed bankruptcy on June 10 under Chapter 11 case number 19-11299.


© 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.