HOMELAND CHAPTER 11 EXIT PLAN APPROVED

OKLAHOMA CITY -- Homeland Stores here said it expects to emerge from Chapter 11 bankruptcy protection in the first week of August.way for its exit from Chapter 11. The plan previously had been approved by the chain's creditors, stockholders and labor unions. Homeland operates 65 stores in Oklahoma, the Texas panhandle and southern Kansas.Under the restructuring, $95 million of Homeland's senior secured

OKLAHOMA CITY -- Homeland Stores here said it expects to emerge from Chapter 11 bankruptcy protection in the first week of August.

way for its exit from Chapter 11. The plan previously had been approved by the chain's creditors, stockholders and labor unions. Homeland operates 65 stores in Oklahoma, the Texas panhandle and southern Kansas.

Under the restructuring, $95 million of Homeland's senior secured bonds outstanding plus accrued interest will be canceled. Bondholders wil

Register to view the full article

Already a member? .