The Hon. Christopher S. Sontchi of the US Bankruptcy Court for the District of Delaware Wednesday signed and entered the order on the court docket for the Chapter 11 proceedings.
As previously announced, the sale to agents of the company's credit facilities supported by funds managed by Black Diamond Capital Management LLC was authorized at a hearing on April 14, 2010.
PTC Alliance and its US subsidiaries filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code on October 1, 2009 in the U.S. Bankruptcy Court for the District of Delaware. The case number is 09-13395.