'Penthouse' Reorganization Plan Would Pay More Than $565.12M To Noteholders

'Penthouse' Reorganization Plan Would Pay More Than $565.12M To Noteholders

WILMINGTON, Del. - Bankrupt PMGI Holdings Inc., the parent company of the adult entertainment empire carrying the name "Penthouse," on Nov. 1 filed an amended disclosure statement supporting its second amended joint plan of reorganization under which first- and second-lien noteholders would receive a combined $565,124,621.86 and all administrative and priority tax claims would be paid in full (In Re: PMGI Holdings Inc., No. 13-12404, Chapter 11, D. Del. Bkcy.).

Find full version on lexis Advance®
Access this news story on lexis.com®