Business Services Industry
Dayton, Ohio, metal products maker in Chapter 11.
Knight Ridder/Tribune Business News, December, 2004
By Jason Roberson, Dayton Daily News, Ohio Knight Ridder/Tribune Business News
Dec. 1--DAYTON, Ohio -- Amcast Industrial Corp., a metal products manufacturer, on Monday said it filed for Chapter 11 bankruptcy protection and received $15 million in new financing to keep its operations going.
Filing for bankruptcy protection enables Amcast to restructure its capital and reduce its debt by $30 million. Improved working capital and less debt is expected to strengthen Amcast's balance sheet.
In addition, Amcast received a commitment from its lenders for up to $15 million in new debtor-in-possession financing. This financing, combined with Amcast's cash from operations, is expected to provide funding for the business during the Chapter 11...
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