KANSAS CITY, Mo.—Interstate Bakeries Corp. (IBC) announced that the Bankruptcy Court in Kansas City, Mo., confirmed its amended joint plan of reorganization. IBC plans to emerge from Chapter 11 within the next several weeks, concurrently with the funding of its previously announced plan-funding commitments.
The company will be focusing all its efforts on finalizing documentation for the exit financing contemplated by the plan funding commitments and satisfying the remaining conditions to closing contemplated under the amended joint plan of reorganization and the funding commitments. No assurance can be given that the plan funding commitments will be closed and, accordingly, that the amended joint plan of reorganization will become effective.
