Exide Technologies announced that Judge Kevin J. Carey of the U.S. Bankruptcy Court for the District of Delaware entered an order confirming the Exide Plan of Reorganization (the "Plan").

The Plan had overwhelming creditor support. The Plan will become effective and Exide will emerge from Chapter 11 upon completion of necessary closing conditions, including obtaining closing on exit financing. On March 26, 2015, the company obtained an amendment to its Debtor-in-Possession ("DIP") credit agreement, which extends the DIP credit facility's maturity date from March 31, 2015 to April 30, 2015.

"This is a great day for Exide," said Robert M. Caruso, President and Chief Executive Officer of Exide Technologies. "Thanks to the extraordinary hard work and focus of our dedicated employees and the tremendous support from our loyal customers, suppliers, key financial stakeholders and creditors, we are now poised to emerge successfully from Chapter 11 and implement our business plan. Upon consummation of the Plan, we will have dramatically realigned our capital structure, and that substantial reduction in our debt level, along with the extensive operational restructuring we executed over the last nearly two years, positions Exide to continue to make and market our premier line of stored electrical energy products and solutions for our customers around the world."

Exide Technologies, with operations in more than 80 countries, is one of the world's largest producers and recyclers of lead-acid batteries. The Company's global business groups provide a comprehensive range of stored electrical energy products and services for industrial and transportation applications.