Guilford Mills formally exits Ch. 11

Greensboro, NC — Just six-and-a-half months after filing for Ch. 11, Guilford Mills officially exits bankruptcy as its previously confirmed plan of reorganization became effective today.

The bankruptcy court had approved the plan on Sept. 19 after the company's creditors and stockholders had voted overwhelmingly to accept it.

Emerging from bankruptcy, Guilford Mills now has senior debt of approximately $145 million, down from $270 million when it entered the proceedings.

Home & Textiles Today Staff | News & Commentary

 Home Textiles Today is the market-leading brand covering the home and textiles markets, offering a comprehensive package of print and online products. Home & Textiles Today provides industry news, product trends and introductions, exclusive industry research, consumer data, store operations solutions, trade show news and much more.

Featured Video

  • Live From New York: Fashion Comes Across the Pond

    Camera Icon More Videos

Subscribe to
Home & Textiles Today eDaily
Receive the news you need to know about the trends in the industry delivered right to your inbox.

CURRENT ISSUE

HTT Cover October 2017

See the October 2017 issue of Home & Textiles Today. In this issue, we look at the Top 25 Online Retailers.  H&TT's exclusive annual ranking of the biggest online sellers of home textiles finds that while pure play etailers continue to fly, bricks & clicks are digging into omnichannel. See details!