River Oaks aiming to exit Chap. 11

Article Abstract:

River Oaks of Fulton, MS, has forged a debt-restructuring deal with BNY Financial Corp. that could help it emerge from Chapter 11 protection. The 11-year-old furniture manufacturer, which was placed under bankruptcy protection in March 1998, is expected to present its reorganization proposal to US Bankruptcy Court in December 1998. River Oaks, which has reduced its five plants to two, one in Compton, CA, and another in Baldwin, MS, has also finalized its choice of a new CEO following a restructuring of its management team.

Comment:

Has forged a debt-restructuring deal with BNY Financial Corp that could help it emerge from Chapter 11 protection

Organizational history, Upholstered Household Furniture, Upholstered Household Furniture Manufacturing, Article, River Oaks

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Mario & Marielena raise $60K for relief, plan more

Article Abstract:

The donation of 10% of its fabric-by-the-yard sales in September and October, by the High Point based textile and trim source Mario & Marielena to the American Red Cross Disaster Relief Fund is discussed.

TEXTILE MILL PRODUCTS, Donations, American Red Cross

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Cone gets debt extension

Article Abstract:

Cone Mills has reached a deal with its lenders to extend its senior note obligations and credit facility. The company has extended these agreements through March 15.

Cone Mills Corp., COE, Textile and clothing industry software

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