Gibson Set for Rebirth After Court Decision

On 1st August, Gibson Brands announced that a Delaware bankruptcy court has approved the Company’s Disclosure Statement.

This allows the company to begin to solicit votes for its Plan of Reorganisation in the wake of having filed for Chapter 11 in May of this year. The Plan materials and ballots were expected to be mailed during the week of August 6, 2018. The deadline for returning completed ballots will be 14th September at 5pm. (ET). A hearing to confirm the Plan is scheduled to begin on 27th September.

“We are extremely pleased by the court’s approval of our disclosure statement, which is a key step toward the company’s successful emergence from Chapter 11,” said Gibson Brands CEO Henry Juszkiewicz in a statement. “Our employees have worked very hard to help us stay on track to emerge from Chapter 11 as planned, and we are grateful for the continuing support from our creditors, partners, and vendors.”

Additional information is available by calling Gibson’s Restructuring Hotline, on 001-929-477-8085. Email inquiries can be sent to [email protected]. Copies of the plan and disclosure statement materials and other court filings and documents related to the court proceedings are available on a separate website administered by Gibson’s claims agent, Prime Clerk, at https://cases.primeclerk.com/gibson.