Lycra Emerges from Prepackaged Bankruptcy
The Lycra Company, having declared Chapter 11 bankruptcy in Mar., completed its restructuring, which includes new equity owners, a CEO, and a board of directors. It emerged with its long-term debt slashed by more than $1.2 billion, and obtaining more than $75 million in new investment. Dean Williams will serve as interim CEO until a permanent replacement is found for Gary Smith, ... Log in to view full article.
