RDA Holding Co., parent company of The Reader's Digest Association, Inc., announced that it has obtained U.S. Court approval of a variety of motions that will support the company's operations as it proceeds with a financial restructuring supported by...
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February 21, 2013, 07:02 AM
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The Readers Digest Association is the latest company to file a second Chapter 11 bankruptcy petition, commonly referred to as a Chapter 22. The terms of a pre-negotiated restructuring agreement would provide full recoveries for holders of secured...
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February 20, 2013, 07:51 AM
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RDA Holding Co., parent company of The Reader's Digest Association, Inc., announced it has reached a consensual agreement on the terms of a financial restructuring with both its secured lender and over 70% of its secured noteholders. The agreement is...
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February 19, 2013, 07:56 AM
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