Kansas City Star: Bankruptcy Judge Approves IBC Financing Plan

November 8, 2007: Interstate Bakeries Corp. appears headed toward the final chapter of its reorganization with the approval Wednesday of $400 million in post-bankruptcy financing.

The approval also sets the stage for an auction of the company.

The financing plan from Silver Point Finance LLC set a so-called enterprise value of $580 million for IBC, when debt and equity to creditors are factored in. Interstate contends that that value sets a floor for other parties to bid on the company, whose products include Wonder bread and Hostess Twinkies.

Click here to read the full article in the Kansas City Star.

Get Advice Join TDU Donate

Recent News

The TDU ISC—Frequently Asked Questions

What is the TDU International Steering Committee and how does it work? Who can be elected to the ISC? Get your answers here.

Nominations are Open for TDU Steering Committee

Nominations for the TDU Steering Committee for the coming year are open now through October 20. Here's everything you need to know about the Steering Committee election process which will be online this year.

View More News Posts