Exactech reached an agreement with the Unsecured Creditors Committee on plans that will go with its sale to a new ownership group, according to a July 25 news release.
The proposed plan was updated to include a new trust structure that will let general unsecured claimants assert claims through the trust. Exactech will receive approximately $60 million of additional financing to ensure adequate funding as the company continues business through the remainder of the proceedings.
Exactech was bought by Strategic Value Partners, an investment firm, earlier in March.
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