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US paper maker Appvion files for bankruptcy
October 2, 2017 / 4:24 AM / 2 months ago

US paper maker Appvion files for bankruptcy

Oct 2 (Reuters) - Paper maker Appvion Inc and some of its subsidiaries filed for Chapter 11 bankruptcy protection on Sunday, the company said.

Appvion listed assets in the range of $100 million-$500 million and liabilities in the range of $500 million-$1 billion, the Delaware bankruptcy court filing showed.

The company said it has obtained a commitment for $85 million in new debtor-in-possession financing from a group of its first lien lenders. (Reporting by Kanishka Singh; Editing by Gopakumar Warrier)

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