TITLE

Berkline/BenchCraft to recapitalize

AUTHOR(S)
Thomas, Larry
PUB. DATE
April 2007
SOURCE
Furniture/Today;4/9/2007, Vol. 31 Issue 30, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
24664173

 

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