manroland Receives ‘Mass Credit’ to Support Continuation of Business Operations
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OFFENBACH, GERMANY—Dec. 2, 2011—For the insolvent manroland AG, the provisional insolvency administrator Werner Schneider has secured an agreement for a so-called “Massekredit” (similar to debtor-in-possession financing).
“Continuation of production and business operations at manroland is therefore secured,” said Schneider, a financial auditor. “The company can continue to do business with customers and suppliers and we are sending a very positive signal to the market.”
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