Simmons continues operations under Chapter 11

November 2009
Furniture/Today;11/30/2009, Vol. 34 Issue 13, p36
Trade Publication
The article reports on the prepackaged Chapter 11 reorganization plan filed by Simmons Bedding Co. in Atlanta, Georgia on November 16, 2009. The plan shows that during the Chapter 11 process, the company and its subsidiaries can continue their normal operations while its employees, senior secured bank lenders, trade vendors, and suppliers can receive full their payments. It cites the company's trade creditors including Louisville Bedding Co., Global Textile Alliance Inc. and Polymer Group Inc.


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