True Temper Sports, Inc. (“True Temper Sports”) and its 2 affiliates who also filed bankruptcy on October 8, 2009 (the “Debtors”) have requested authority make substantial payments of pre-petition claims of suppliers and other vendors. The Debtors have also stated that under the proposed prepackaged plan of reorganization sufficient cash will be available to pay prepetition supplier and other vendor claims in full. This post discusses this treatment of trade debt and provides the names of the creditors and potential claim amounts on the Debtor’s consolidated list of the 30 largest unsecured creditors (the “Top Unsecured Creditor List”).
True Temper Sports, Inc. (“True Temper Sports”) and 2 affiliated entities (“Debtors”) filed petitions on October 8, 2009 in the Bankruptcy Court for the District of Delaware for relief under Chapter 11 of Title 11 of the United States Code. The Debtors have moved for joint administration of the Debtors’ cases under case number 09-13446. The case has been assigned to Judge Peter J. Walsh. The following post summarizes the Debtors’ description of their business, the Debtors’ corporate structure, and provides information to assist in the identification of the Debtors and their non-Debtor affiliates.