charles95405

Here is an article sent to me regarding Broder Bros...according to this, they have to complete about 98% restructuring in recalling some old notes by May 14 or bankruptcy seems next. Here is the article:
Breaking News
Broder Bros. Co. Fighting Off Bankruptcy


Trevose, Pennsylvania-based BroderBros. Co. announced the company is undertaking steps to stave off having to put forth a voluntary petition for bankruptcy under Chapter 11 of the U.S. Bankruptcy Code.

In an announcement on April 17, the privately held company detailed its plan to modify its capital structure and assure its short-term liquidity. The plan involves investors exchanging current company notes for longer term-notes with higher yields for all of the company's outstanding $225 million notes.

The company said it must complete exchange of 98 percent of its notes by a May 14, 5:00 p.m. deadline or it will be forced to file Chapter 11 proceedings.

Click here to read complete financial details of BroderBros. Co. offering.

Click here for more information on BroderBros. Co. E-mail Story

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Charles
http://www.bydesignadvertising.com

 

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dan-ann

How sad it is to hear this

 

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marcelolopez

Too bad, I think they are the parent company of Alphashirt, my favorite provider

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ashamutt

Quote: Originally Posted by marcelolopez Too bad, I think they are the parent company of Alphashirt, my favorite provider

...yes I like alphashirt too!!!....and they are only 7 miles away from me!!!
I sure hope that they do not close up shop......they have sooooo many awesome name brands!!!
It is the only place around here that I can get "American Apparel".
(case price and no shipping costs!!!..oooh, I will miss that!)

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