In spite of a few unhappy unsecured creditors, Fruit of the Loom (FOL) can, and probably will, be sold to Warren Buffett’s Berkshire Hathaway according to the terms of the current takeout plan, said one lawyer advising bondholders. Fred Hodara, a partner at Akin Gump Strauss Hauer & Feld, the law firm representing the senior secured noteholders, said the claims of a group of dissident unsecured bondholders will not amount to much, since the creditors’ committee and the bank steering committee have already voiced approval for the plan.
To read the entire story, you must be logged in.
Please log in now or register with us.
