Ceramic Industry News

Oneida Completes Refinancing and Emerges from Chapter 11 (9/26/06)

September 26, 2006
/ Print / Reprints /
ShareMore
/ Text Size+
Oneida Ltd. has completed its $170 million exit financing and emerged from Chapter 11 as a privately held company. The company's new shareholders, led by Quadrangle Group LLC, include JPMorgan, Litespeed Partners LLC, and D.E. Shaw Laminar Portfolios, LLC. "The completion of this financing marks the final step in Oneida's recapitalization process," said James E. Joseph, president.

"We now have both equity and debt capital in the right proportions to support our growth initiatives and profit improvement programs. We look forward to reinforcing and expanding our relationships with Oneida's customers, suppliers and business partners. Their support over the past six months has been vital to the success of this process."

Oneida's common and preferred stockholders will not receive any distributions under the pre-negotiated plan of reorganization, and their equity was cancelled as of the plan's effective date. Oneida's website is located at www.oneida.com.

Links

Did you enjoy this article? Click here to subscribe to Ceramic Industry Magazine.

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

June 2014 Issue Highlights

Our June 2014 issue is now available!

Podcasts

Manufacturing Day 2014

Manufacturing Day organizers share their insights with Managing Editor Kelsey Seidler.

More Podcasts

Ceramic Industry Magazine

CI September 2014 cover

2014 September

You won't want to miss the CI Top 10, traditionally our most popular article of the year!

Table Of Contents Subscribe

THE CERAMIC INDUSTRY STORE

M:\General Shared\__AEC Store Katie Z\AEC Store\Images\Ceramics Industry\handbook of advanced ceramics.gif
Handbook of Advanced Ceramics Machining

Ceramics, with their unique properties and diverse applications, hold the potential to revolutionize many industries, including automotive and semiconductors.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

Directories

CI Data Book July 2012

Ceramic Industry's Directories including Components, Equipment Digest, Services, Data Book & Buyers Guide, Materials Handbook and much more!

STAY CONNECTED

facebook_40px twitter_40px  youtube_40pxlinkedin_40google+ icon 40px