Brief: Celadon Group, Inc And Affiliates Commence Voluntary Chapter 11 Cases

Celadon

09/12/2019 06:46

Dec 9 (Reuters) - Celadon Group Inc:
    * CELADON GROUP, INC. AND AFFILIATES COMMENCE VOLUNTARY
CHAPTER 11
CASES
    * CELADON GROUP INC - CELADON ALSO ANNOUNCED THAT IT WILL
SHUT
DOWN ALL OF ITS BUSINESS OPERATIONS EFFECTIVE AS OF TODAY,
MONDAY, DECEMBER 9, 2019
    * CELADON GROUP INC - THIS SHUT DOWN DOES NOT INCLUDE TAYLOR
EXPRESS BUSINESS HEADQUARTERED IN HOPE MILLS, NORTH CAROLINA
    * CELADON GROUP - CELADON INTENDS TO USE ITS CHAPTER 11
PROCEEDINGS TO WIND DOWN ITS GLOBAL OPERATIONS
    * CELADON GROUP INC -  HAVE FILED VOLUNTARY PETITIONS FOR
RELIEF
UNDER CHAPTER 11 OF BANKRUPTCY CODE IN U.S. BANKRUPTCY COURT FOR
DISTRICT OF DELAWARE
    * CELADON GROUP INC - TO SUPPORT WIND DOWN OF OPERATIONS,
CELADON'S LENDERS HAVE AGREED TO PROVIDE INCREMENTAL
DEBTOR-IN-POSSESSION FINANCING

Source text for Eikon:  ID:nPn3pGbqVa 

 ((Reuters.Briefs@thomsonreuters.com;))