Tuesday, June 29, 2010

Holley Performance Emerges From Chapter 11

webassets/holley_color.jpgHolley Performance Products Inc. announced that it has significantly improved its capital structure and liquidity through a successful voluntary bankruptcy reorganization that became effective on June 22, 2010. As a result of the reorganization, the Company reduced its debt by over $59 million and obtained new credit arrangements, including a revolving credit facility which provides the Company with substantial flexibility to pursue its growth initiatives.

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