Formica files for bankruptcy. (Trends & News).Laminate laminate, n a thin slice of porcelain or plastic fabricated in a dental lab, which is cemented to the front of the teeth to cover gaps, whiten stained teeth, or reshape chipped or broken teeth. manufacturer Formica Corp. of Warren, NJ, has filed for Chapter 11 bankruptcy protection, and has secured a debtor-in-possession credit facility for $77.85 million to allow it to continue operations. Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. Private Equity, the majority shareholder of Formica's parent company, has proposed a restructuring plan under which it would invest an additional $51 million as part of a proposed $100 million investment to pay down the credit facility. Only the company's United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. operations -- Laminates Acquisition Co., FM Holdings Inc., Formica Corp., laminate flooring This article or section needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. maker STEL STEL Short Term Exposure Limit STEL Stellent, Inc. (stock abbreviation, AMEX) STEL Short Time Exposure Limit STEL Standard Telecommunications Industries Inc., Wildon Corp., Wildon Industries Inc., Design Communications International Inc., The Diller Corp., Formica International Corp. (U.S.A.) and Unidur Inc. (U.S.A.) -- are included in the filing. Foreign operations are excluded. The company says that all company operations, domestic and foreign, will continue as usual during the restructuring. |
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