Berkline/BenchCraft to recapitalize

Thomas, Larry
April 2007
Furniture/Today;4/9/2007, Vol. 31 Issue 30, p2
Trade Publication
The article reports on the comprehensive recapitalization plan announced by upholstery company Berkline/BenchCraft that will give the company a new owner and more than $40 million in new financing. Under the recapitalization plan, $40 million in existing debt will be swapped for new equity in the company. President and chief executive officer (CEO) Bill Wittenberg states that the agreement reflects the confidence of shareholders in the profitability of the company.


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