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Harry & David to exit bankruptcy

Harry & David Holdings Inc. has received approval to exit bankruptcy on September 13 at the earliest.

Harry & David Holdings Inc. has received approval to exit bankruptcy on September 13 at the earliest.

The bankruptcy plan allows Medford-based Harry & David to convert around $200 million in outstanding public notes to equity of the reorganized company, along with an equity increase of $55 million. Harry & David noteholders are backstopping the $55 million raise, which the company said it expects to cover a post-petition loan. Harry & David will head into the holidays, its most profitable time of year, with an additional $100 million revolving loan.

Read more at OregonLive.com.

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Last modified onMonday, 19 October 2015 11:40

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