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Anchor Glass Container Corporation Emerges From Bankruptcy; Closes $215 Million Exit Financing Facility With Credit Suisse.

Publication: Business Wire
Publication Date: 03-MAY-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
TAMPA, Fla. -- Anchor Glass Container Corporation ("Anchor") today announced that all conditions to the effectiveness of its Chapter 11 Plan of Reorganization have been satisfied or waived and accordingly, Anchor has emerged from bankruptcy. In connection with its emergence, Anchor closed its $215 million exit financing facility with Credit Suisse.

"We are well-positioned competitively with our customers and suppliers," said Mark Burgess, Anchor's Chief Executive Officer. "During the course of our reorganization, we successfully renegotiated multi-year contracts...

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