*NEWS* DAISYTEK’S $58M DEPT /CHAPTER 11

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*NEWS* DAISYTEK’S $58M DEPT /CHAPTER 11

 user 2003-11-04 at 9:52:00 am Views: 74
  • #8318

    Headline: Foreign sales to cover Daisytek’s court demand
    Date: 03 Nov 03

    3 November 2003 – Allen (TX): Funds from Daisytek’s sale of its Canadian and Argentinian subsidiaries will be used to pay off the remainder of the $58 million bank debt it has generated while in Chapter 11.

    The US bankruptcy Court for the Northern District of Dallas has ordered the stricken wholesaler to pay the outstanding sum, $9 million, to a group of ten lenders.