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Sorenson Communications Emerges From Chapter 11

May 01, 2014, 06:56 AM
Filed Under: Bankruptcy

Sorenson Communications, Inc. emerged from a pre-packaged Chapter 11 process, commenced on March 3, 2014, in the United States Bankruptcy Court for the District of Delaware. Reorganized Sorenson, with a strengthened balance sheet, will continue investing in its service platform and developing products to provide innovative communications technology to the deaf and hard-of-hearing community. In addition, reorganized Sorenson now has the financial runway needed to work with the FCC on addressing the future regulatory framework for the industry.

Since its Chapter 11 filing on March 3, Sorenson's operations and services have continued uninterrupted, with no impact to customers, employees, interpreters and suppliers. All customer services have been maintained, all employee wage and benefit programs have continued and all suppliers have been paid in the ordinary course of business.

Scott Sorensen, chief financial officer of Sorenson Communications, Inc., noted, "Sorenson will continue to empower people who are deaf and hard-of-hearing by providing the industry's highest-quality communication products and services. Sorenson is dedicated to the promise of access to functionally-equivalent communication as mandated by the Americans with Disabilities Act (ADA)."

Previously on ABL Advisor: Sorenson Communications Files Chapter 11, Seeks Quick Exit

Sorenson Communications is a provider of industry-leading communications products and services for the deaf and hard-of-hearing.

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