Results of Operations and Financial Condition
Roust Reorganization Plan Declared Effective on February 17, 2017
February 17, 2017 – Roust Corporation (the "Company") is very pleased to announce that the Company's Prepackaged Plan of Reorganization (the "Plan"), previously confirmed by the court, has today been declared effective. The transaction will strengthen the Company's capitalization by over $500 million and deleverage its balance sheet. The transaction has resulted in the reduction of the Company's existing debt by approximately $462 million, plus funding of $55 million in new equity capital and the contribution of strategic assets, including Russian Standard Vodka, to the Company by Roust Trading Ltd.
Roust Corporation Receives Confirmation of its Plan of Reorganization.
Roust Corporation is very pleased to announce that on January 6, 2017, the court confirmed its plan of reorganization which had been approved by more than 90% of its bondholders prior to filing with the court. The Plan implementation steps will be completed as soon as reasonably practicable.
Roust Corporation Receives Creditor Support of Significant Deleveraging Transaction
Roust Corporation Has Reached Agreement in Principle with Creditors to Strengthen its Balance Sheet
Roust Corporation to Host Q3 2015 Earnings Conference Call
Roust Corporation will hold its quarterly conference call on November 13, 2015 at 03:00 p.m. Central European Time (09:00 a.m. ET) to discuss its Q3 2015 results. Prior to the call, the Company will publish its 10-Q report and a slide presentation on the Investor Relations website (www.roust.com/IR).