Cherokee International sets record date for notice on debt restructuring

New York, Sept. 20 - Cherokee International LLC said it set Sept. 12 as the record date for those holders of its 10½% senior subordinated notes due 2009 entitled to notice of possible amendments to the indenture.

The Tustin, Calif. maker of switch-mode power supplies said it is considering restructuring alternatives for the notes.

At this point the company has not finalized a restructuring plan but said it is setting the record date to "ensure its flexibility in considering alternatives."

The alternatives may include amending some terms of the note indenture, which would require the solicitation of consents from holders.

© 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.