12 April 2006 – Atlanta (GA): O’Sullivan Industries has made a successful exit from Chapter 11 protection.
The company has also closed on its exit financing loan, which provides a revolving credit facility of up to $50 million.
Interim CEO Rick Walters said: "O’Sullivan emerges from Chapter 11 with new ownership, a very manageable debt load, leaner more efficient operations and a renewed focus on our customers and consumers."
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