New York-based seafood distributor M. Slavin & Sons hascompleted its recapitalization plan following its bankruptcy filing inFebruary.
The century old company has also closed a new seniorlending agreement with North Mill Capital, a direct lender with extensivecapital resources, reports the finance company CoMetrics Partners, which advised M. Slavin & Sons duringthe bankruptcy.
The United States Bankruptcy Court for the Southern Districtof New York has confirmed the the company’s plans for reorganizations are nowcomplete.
"We are pleased the Company was able to successfullyturn around its business and confirm a plan within ten months of thefiling," said Gary Herwitz, managing partner of CoMetrics Partners.
