Ashby & Geddes Represents Senior Lenders And Plan Sponsor In American Lafrance’s Emergence From Chapter 11

American LaFrance, LLC, founded in 1832 and one of the oldest fire and rescue vehicle manufacturers in the U.S., obtained confirmation of its chapter 11 plan on May 23, 2008 in the U.S. Bankruptcy Court for the District of Delaware. Ashby & Geddes served as Delaware counsel to the plan’s equity sponsor, as well as the agent to the senior prepetition, postpetition and exit financing lenders. The heavily negotiated plan was confirmed in fewer than 17 weeks after the petition date, with almost 90% of creditors voting to accept the plan.