O’Sullivan emerges from Chapter 11

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."