Prospect News: News for Meridian Automotive Systems Inc.

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Prospect News home > Main news index > All issuers starting with M > Issuers starting with M, DD only > All stories on Meridian Automotive Systems Inc. > Stories on Meridian Automotive Systems Inc., DD only

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Market: BK = Bank loans, CV = Convertibles, DD = Distressed Debt, EM = Emerging Markets, HY = High Yield, IG = Investment Grade, LM = Liability Management, MU = Municipals, PP = PIPEs, PF = Preferreds, PV = Private Placements, SP = Structured Products
Recent items, highlighted in orange, are $4.00 each. All others are $1.00 each. Headlines in gray are not currently covered by your subscription.

Meridian Automotive Systems Inc.

12/29/2006	BKDD	Meridian Automotive emerges from Chapter 11 with $167 million exit facility
12/21/2006	DD	Market Commentary: Delphi off, most other autos better; Delta, Northwest bonds drift lower; Granite, Young Broadcasting gain
12/18/2006	DD	Market Commentary: Delphi investment plan boosts bonds; Delta, Northwest off
12/6/2006	DD	Meridian granted court approval for plan of reorganization; expects to exit bankruptcy in late December
12/5/2006	DD	Market Commentary: Ford new convertible rockets up in gray market; Winn-Dixie spike sparks sellers; Dana bonds better
12/4/2006	DD	Meridian Automotive plan accepted by majority of voting creditors; new board named
11/30/2006	DD	Meridian Automotive posts $6.36 million October operating loss
11/29/2006	DD	Meridian Automotive obtains court OK of $175 million exit financing commitment
11/29/2006	BKDD	Meridian Automotive $175 million exit facility to launch Tuesday
11/27/2006	DD	Meridian Automotive postpones plan confirmation hearing to Dec. 6; still expects to emerge in December
11/20/2006	BKDD	Meridian Automotive seeks court OK of $175 million exit financing commitment
10/31/2006	DD	Meridian Automotive posts $7.52 million September operating loss
10/25/2006	DD	Meridian Automotive disclosure statement approved; plan confirmation hearing set for Nov. 29
10/25/2006	DD	Meridian $2.45 million Kentwood property sale approved
10/24/2006	DD	Meridian granted court approval to keep chief restructuring officer
10/24/2006	DD	Meridian granted three-month exclusivity extension to move toward plan confirmation
10/24/2006	BKDD	Meridian amends plan to provide for Fowlerville sale closing, modify exit financing terms
10/10/2006	DD	Meridian Automotive disclosure statement hearing adjourned indefinitely
10/6/2006	DD	Meridian Automotive seeks court approval of $2.45 million sale of Kentwood plant
10/6/2006	BKDD	Meridian files amended plan that amends first-lien lender distribution, cuts exit financing amount
10/4/2006	DD	Meridian Automotive looks to keep CRO despite resignation from restructuring adviser firm
10/2/2006	DD	Meridian Automotive posts $1.38 million August operating loss
10/2/2006	DD	Meridian Automotive requests three-month exclusivity extension
9/20/2006	DD	Meridian Automotive gets court OK of 25 bps DIP interest rate increase
9/15/2006	DD	Meridian Automotive seeks court OK of contingent DIP rate increase, maturity extension
9/8/2006	DD	Meridian Automotive files amended plan; pre-bankruptcy lenders to receive new common stock
9/5/2006	DD	Meridian Automotive posts $10.96 million July operating loss
8/22/2006	DD	Meridian Automotive plan confirmation hearing, vote deadline postponed
8/15/2006	DD	Meridian discusses terms of amended plan, exit financing; plans to exit bankruptcy in late October
8/15/2006	DD	Meridian Automotive posts $384,000 June operating income
8/14/2006	DD	Meridian Automotive granted two-month exclusivity extension
7/28/2006	DD	Meridian seeks two-month exclusivity extension to avoid disruption of plan confirmation process
7/21/2006	DD	Meridian Automotive obtains court approval of disclosure plan
7/19/2006	DD	Meridian Automotive files third amended plan to change first-lien lender distribution
7/17/2006	DD	Meridian Automotive hearing on disclosure statement moved to July 21
7/3/2006	DD	Meridian Automotive reports $248,000 May operating loss
7/3/2006	DD	Meridian Automotive files amended plan to change first-lien lender distribution, eliminate third-lien notes
6/27/2006	DD	Meridian Automotive agrees with creditors on consensual plan of reorganization
6/26/2006	DD	Meridian GenCorp retiree benefit agreement approved
6/14/2006	DD	Meridian obtains court approval of exit fee letters, exclusivity extension, modified retiree benefits
6/5/2006	DD	Meridian Automotive, former GenCorp retirees agree on modified benefits
5/30/2006	DD	Meridian Automotive seeks two-month exclusivity extension to gain creditor support for plan
5/26/2006	DD	Meridian Automotive requests court OK to enter into fee letters with three potential exit lenders
5/26/2006	DD	Meridian Automotive files plan of reorganization to include disclosure statement
5/24/2006	DD	Meridian, UAW, lawsuit plaintiffs agree to modify retiree benefits for closed Centralia, Ill., facility
5/23/2006	DD	Meridian Automotive reports $1.41 million April operating loss
5/9/2006	DD	Meridian Automotive given court approval to bring retiree expenses into compliance with plan
5/9/2006	DD	Meridian Automotive granted court OK to delay disclosure statement filing
5/3/2006	DD	Meridian Automotive steelworkers' union objects to retiree benefits compliance motion
5/2/2006	DD	Meridian Automotive reports $3.49 million March operating loss
4/11/2006	DD	Meridian Automotive granted 60-day exclusivity extension
4/3/2006	DD	Meridian Automotive posts $556,000 February operating loss
3/30/2006	DD	Meridian Automotive Systems files plan of reorganization; asks for more time on disclosure statement
3/28/2006	DD	Meridian requests 60-day exclusivity extension to continue plan negotiations
3/23/2006	DD	Meridian Automotive gets court OK for $18.26 million Fowlerville, Mich., facility sale
3/3/2006	DD	Meridian requests court approval of $18.26 million Fowlerville, Mich., facility sale
1/31/2006	DD	Meridian posts $11.39 million December operating loss
1/23/2006	DD	Market Commentary: Refco bonds crushed amid new investor fears; Ford tows autos higher
12/20/2005	DD	Meridian Automotive posts $231,000 November operating loss
12/14/2005	DD	Meridian Automotive granted 90-day exclusivity extension
12/1/2005	DD	Meridian Automotive pre-bankruptcy loan agent objects to lengthy exclusivity extension
12/1/2005	DD	Meridian Automotive posts $3.25 million October operating income
11/28/2005	DD	Meridian Automotive requests second 120-day exclusivity extension
11/1/2005	DD	Meridian Automotive posts $1.49 million September operating loss
9/27/2005	DD	Meridian Automotive posts $4.67 million operating profit for August
8/30/2005	DD	Meridian Automotive names Newsted president and interim CEO
8/29/2005	DD	Meridian Automotive posts $8.16 million July operating loss
8/24/2005	DD	Meridian Automotive key employee, annual incentive, severance plans approved
8/11/2005	DD	Meridian Automotive gets 120-day extension to exclusive periods to file plan, solicit votes
8/8/2005	DD	Meridian Automotive trustee objects to key employee retention plan
8/4/2005	DD	Meridian Automotive retention incentive, severance programs draw autoworkers' objection
7/27/2005	DD	Meridian Automotive requests 120-day extension to exclusivity periods
7/25/2005	DD	Meridian Automotive proposes key employee retention, annual incentive, severance plans
7/21/2005	DD	Meridian posts $2.2 million June operating income
7/19/2005	DD	Market Commentary: Anchor Glass bonds fall on coupon/covenant warning, trade flat; auto sector bank debt firm
6/30/2005	BKDD	Meridian Automotive gets court OK for new $75 million DIP from Credit Suisse
6/28/2005	DD	Market Commentary: Exide bonds fall on "going concern" warning; other auto names' bank debt, bonds firmer
6/28/2005	BKDD	Meridian seeks court approval of amended $75 million DIP from new lender Credit Suisse
6/27/2005	DD	Meridian first-lien lenders object to new DIP request
6/24/2005	DD	Meridian Automotive posts $4.61 million May operating income
6/15/2005	BKDD	Meridian seeks court OK for $75 million new DIP facility from Deutsche Bank
6/10/2005	BKDD	Meridian asks for permission to pay fee to Deutsche for work on new DIP facility
6/7/2005	DD	Market Commentary: Solutia bonds better on deal with Monsanto, creditors; Meridian Auto loan plunges on poor numbers
6/1/2005	DD	Market Commentary: Distressed auto loans, bonds up despite GM, Ford woes; Elan up on debt paydown news
5/27/2005	BKDD	Meridian Automotive gets further interim access to $30 million DIP following waiver
5/27/2005	DD	Market Commentary: Delta bonds continue firming; Meridian Auto bank debt softer
5/26/2005	DD	Market Commentary: Asbestos bank debt, bonds seen higher as panel OKs bill; Delta bonds fly in tandem with stock
5/24/2005	DD	Meridian Automotive trustee objects to DIP request
5/10/2005	DD	Meridian Automotive unsecured creditors committee named
5/3/2005	BKDD	Meridian Automotive $375 million DIP now seen as next week's business
4/28/2005	DD	Meridian up to $30 million interim DIP financing approved
4/28/2005	BKDD	Meridian Automotive $375 million DIP may launch next week
4/27/2005	DD	Market Commentary: Calpine resumes fall; asbestos bonds climb as bill advances; bankrupt Meridian's bank debt firmer
4/26/2005	BKDDHY	S&P cuts Meridian Auto, loans to D
4/26/2005	BKDDHY	Meridian Automotive files for Chapter 11 to restructure "unsustainable" debt load
10/28/2004	DD	Market Commentary: Delta jumps as pilots take their lumps; Meridian Auto bank paper bounces

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