Nov. 21, 2003: AMPAM Obtains Approval Of Debtor-In-Possession Agreement
"The decisive actions by the court to date, together with the substantial financing facility that has been arranged, have moved AMPAM further down the path towards a successful reorganization," stated Robert Christianson, chairman of the board and CEO. "Our customers have indicated they intend to remain with us - and we intend to reward that loyalty with a determined commitment to provide the best plumbing and HVAC solutions in the industry."
AMPAM filed for relief under Chapter 11 on October 13, 2003 and is represented by Winstead Sechrest & Minick P.C. and Conway, Del Genio, Gries & Co. LLC, the financial advisors to the debtors.
In late October, the U.S. Trustee appointed an Official Committee of Unsecured Creditors, which is represented by Otterbourg, Steindler, Houston & Rosen, P.C. and FTI Consulting serving as the committee's financial advisor.
Publication date: 11/17/2003