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Taylor-Wharton International, LLC Reaches Agreement with Senior Lenders on Debt Restructuring
Mechanicsburg, PA – (November 19, 2009): Taylor-Wharton International, LLC (“TWI” or the “Company”), the world’s leading technology, service and manufacturing network for gas applications involving pressure vessels and precision valves, announced a plan to implement a voluntary financial restructuring. The Company has reached an agreement in principle with the holders of its mezzanine senior subordinated secured notes and holders of its first lien notes to significantly improve the Company’s capital structure and create financial flexibility.
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