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 7/19/2019 in the Prospect News Distressed Debt Daily.

Joerns Healthcare’s plan unanimously accepted by voting debtholders

By Caroline Salls

Pittsburgh, July 19 – Joerns WoundCo Holdings, Inc.’s pre-packaged plan of reorganization was unanimously accepted by voting creditors, according to a ballot report filed Thursday with the U.S. Bankruptcy Court for the District of Delaware.

Specifically, all 63 holders of $262.84 million in first-lien claims voted to accept the plan, as did all 11 holders of $120.49 million in second-lien claims.

The plan confirmation hearing is scheduled for July 25.

Joerns WoundCo, which does business as Joerns Healthcare, is a Charlotte, N.C.-based health care equipment provider. The company filed bankruptcy on June 25 under Chapter 11 case number 19-11401.


© 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.