Nortek Files for Chapter 11 Protection

Sheahan, Matthew
October 2009
Mergers & Acquisitions Report;10/26/2009, Vol. 22 Issue 43, p14
The article reports on the filing by Providence, Rhode Island-based commercial and residential ventilation and building product provider Nortek Inc. for Chapter 11 bankruptcy protection after receiving approval from almost all of its debt holders. Nortek expects the move to make 250 million dollars in exit financing available, and an accompanying restructuring deal will eliminate about 1.3 billion dollars in debt.


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