Bank of America Business Capital recently closed a $200 million asset-based revolving credit facility for Exide Technologies. Exide is a leading producer, distributor and recycler of lead-acid batteries used in transportation, motive power, network...
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June 22, 2015, 08:07 AM
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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...
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March 30, 2015, 07:29 AM
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Exide Technologies announced that certain holders of its senior secured notes (the "Backstop Parties") have executed a commitment to backstop (the "Backstop Commitment Agreement") up to $160 million of second lien convertible notes to be offered to...
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January 08, 2015, 07:10 AM
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Exide Technologies entered into an amended and restated plan support agreement ("Amended PSA") with holders of a majority of the principal amount of Exide's senior secured notes.The Amended PSA allows Exide additional time to negotiate the terms of a...
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December 12, 2014, 07:13 AM
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Exide Technologies announced today that it has filed its plan of reorganization (the "Plan") and disclosure statement with the U.S. Bankruptcy Court for the District of Delaware. The Plan and disclosure statement are consistent with the terms of the...
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November 18, 2014, 08:00 AM
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Exide Technologies entered into a plan support agreement ("PSA") with holders of a majority of the principal amount of Exide's senior secured notes. The PSA includes a detailed term sheet which describes a plan of reorganization. Pursuant to the PSA...
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November 05, 2014, 07:36 AM
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Exide Technologies has received all necessary approvals from its lenders, thereby extending its debtor-in-possession (DIP) credit facility's maturity date to March 31, 2015, subject to the terms and conditions thereof. The extension provides Exide...
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October 10, 2014, 07:35 AM
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Exide Technologies is seeking approval from its lenders for an extension of its debtor-in-possession (DIP) credit facility's maturity date to March 31, 2015. This extension would provide Exide additional time to complete negotiations with its...
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October 01, 2014, 07:17 AM
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Exide Technologies announced that, on July 22, 2014 and July 25, 2014, Exide's DIP lenders approved two amendments to the company's debtor-in-possession financing facilities (the "DIP Facilities"). The sixth amendment provides the Company with $60...
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July 30, 2014, 08:02 AM
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Exide Technologies, a global leader in stored electrical-energy solutions, announced it has received approval of an amendment to its Debtor-in-Possession (DIP) credit agreement.Principally, the amendment provides an extension of Exide's deadline to...
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May 29, 2014, 07:28 AM
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Exide Technologies reported today that it has received final Bankruptcy Court approval of its $500 million debtor-in-possession (DIP) financing provided by JP Morgan Chase and a group of lenders to whom the DIP financing was syndicated.On June 10...
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July 25, 2013, 07:28 AM
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Exide Technologies announced that it has received U.S. Court approval of a variety of motions that will support the Company's operations as it proceeds with its restructuring, including interim approval of its $500 million Debtor-in-Possession (DIP)...
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June 12, 2013, 07:45 AM
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Exide Technologies filed a voluntary petition for reorganization pursuant to U.S. federal restructuring laws in order to facilitate the financial and operational restructuring necessary to strengthen its balance sheet and its business to position the...
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June 10, 2013, 08:04 AM
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