Anvil Knitwear

Anvil Eliminates $200 M in Debt with Financial Restructuring
January 16, 2007

New York-based apparel maker Anvil Holdings recently announced it has completed a successful financial restructuring of its capital structure, which has eliminated approximately $200 million in debt and preferred stock in exchange for new equity and warrants. The company expects to close on all transactions necessary to consummate the restructuring by Feb. 5. CEO Anthony Corsano, said, “Our new financial structure will allow us to compete more successfully, and will also facilitate our plans for short and long-term growth with new facilities, new brands and new styles. We are very excited about our future.” In addition, the company has constructed a new state-of-the-art