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Relativity Media Plan Effective

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Relativity Media’s Fourth Amended Plan of Reorganization became effective, and the Company emerged from Chapter 11 protection. The U.S. Bankruptcy Court confirmed the Plan on February 8, 2016.

According to documents filed with the Court, “[T]he Plan provides for the reorganization of the Debtors’ remaining business units around their core film business, and includes a variety of financing transactions, including deleveraging the Debtors’ balance sheet, obtaining a new revolving credit facility and…securing new equity contributions.”

This privately-held global media company filed for Chapter 11 protection on July 30, 2015, listing $560 million in pre-petition assets. Read more Relativity Media bankruptcy news.

The post Relativity Media Plan Effective appeared first on Daily Bankrupt Company Updates | Bankrupt Company News.


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