American Tire Distributors, Inc. completed its financial recapitalization and emerged from Chapter 11 bankruptcy.
American Tire Distributors, Inc. (ATD) announced that the United States Bankruptcy Court for the District of Delaware has confirmed the company’s plan of reorganization.
American Tire Distributors, Inc.’s plan for Chapter 11 reorganization will go before the court for approval this week, and has already gained near-unanimous acceptance by voting stakeholders, the company said.
Forging an important link to its national tire distribution supply chain, American Tire Distributors (ATD) celebrated the grand opening of its Poconos Mixing Warehouse Nov. 7, positioned near Interstate 80 in Blakeslee, Pennsylvania.
With more than $600 million in debt to its top vendors, American Tire Distributors (ATD) and its subsidiaries have been granted interim permission by the court to allow them to pay back some of that debt to “critical vendors” during its Chapter 11 restructuring.
If you’re a Tire Pros dealer or part of the ATD network, we’ve answered a few common questions you could be asking about how ATD’s critical vendor filing may affect your business.
American Tire Distribitors’ top 30 creditors, many of which are tire manufacturers, are combined owed over $600 million from the nation’s largest tire distributor.
Moody’s Investors Service downgraded ATD’s Probability of Default Rating (PDR) following the company’s announcement that it had initiated Chapter 11 bankruptcy proceedings.
With American Tire Distributors filing for Chapter 11 bankruptcy this week, Tire Pros dealers have remained optimistic about their parent company’s recapitalization approach.
TireBuyer—an online tire retailer and a subsidiary of American Tire Distributors (ATD)—has unveiled a new brand identity complementing recent developments to further enhance customers’ online shopping experience.
Moody’s downgraded ATD’s probability of default rating and other ratings for senior subordinated notes after it announced a plan for a debt-for-equity exchange that it will offer bondholders.
Leading companies in the tire industry are forcing adaptations in a new era of creativity and risk.