Prospect News: News for Port Townsend Paper Corp.

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Prospect News home > Main news index > All issuers starting with P > Issuers starting with P, DD only > All stories on Port Townsend Paper Corp. > Stories on Port Townsend Paper Corp., DD only

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Market: BK = Bank loans, CV = Convertibles, DD = Distressed Debt, EM = Emerging Markets, HY = High Yield, IG = Investment Grade, LM = Liability Management, MU = Municipals, PP = PIPEs, PF = Preferreds, PV = Private Placements, SP = Structured Products
Recent items, highlighted in orange, are $4.00 each. All others are $1.00 each. Headlines in gray are not currently covered by your subscription.

Port Townsend Paper Corp.

8/27/2007	DD	Port Townsend exits Chapter 11
8/14/2007	DD	Port Townsend Paper gets court OK on reorganization plan
8/13/2007	DD	Port Townsend Paper plan of reorganization approved by most voting creditors
8/10/2007	DD	Port Townsend gets court OK for $30 million in exit financing
8/6/2007	DD	Port Townsend receives commitment for $30 million in exit financing
6/27/2007	DD	Port Townsend gets disclosure statement approval; confirmation hearing set for Aug. 15
6/26/2007	DD	Port Townsend's unsecured creditors committee to support modified disclosure statement
6/21/2007	DD	Port Townsend files amended plan, obtains commitment for $60 million exit financing from noteholders
5/25/2007	DD	Port Townsend Paper CFO resigns; company still expects to exit bankruptcy by end of July
4/19/2007	DD	Port Townsend $50 million notes-funded replacement DIP approved
3/30/2007	DD	Port Townsend Paper granted interim court approval to hire financial adviser, CRO
3/29/2007	DD	Port Townsend Paper granted interim approval to use $38 million of $50 million replacement DIP
3/27/2007	DD	Port Townsend Paper looks to hire Alvarez & Marsal as financial adviser to provide CRO, officers
3/26/2007	DD	Port Townsend seeks approval of $50 million notes-funded replacement DIP
3/22/2007	DD	Port Townsend Paper exploring alternate funding and plan strategies
3/1/2007	DD	Port Townsend $13 million DIP facility approved
3/1/2007	DD	Port Townsend Paper parent files plan of reorganization; noteholders to receive new common stock
2/14/2007	DD	Port Townsend Paper DIP hearing continued to March 1; company granted access to additional $1 million
2/2/2007	DD	Port Townsend Paper unsecured creditors committee appointed
2/1/2007	BKDDHY	Moody's downgrades Port Townsend Paper
2/1/2007	DD	Port Townsend Paper granted interim approval to use $9.6 million of $13 million DIP
1/30/2007	DD	Port Townsend reports negative $3.5 million EBITDA for quarter ended Dec. 31
1/30/2007	DDHY	Port Townsend files Chapter 11; noteholders to receive new notes, 100% of new common stock
1/30/2007	BKDDHY	S&P drops Port Townsend
4/3/2006	BKDDHY	S&P downgrades Port Townsend Paper
2/23/2006	BKDDHY	Moody's downgrades Port Townsend Paper
2/9/2006	BKDDHY	S&P drops Port Townsend Paper

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