Lenders file forcible Chapter 11 petition against Wilton Holdings
Two lenders filed an involuntary Chapter 11 petition in Delaware against Wilton Holdings Inc., a Woodridge-based baking- and crafts-supply company.
The creditors filing the petition were Deutsche Bank Trust Co. Americas and JGF Credit LLC., each owed $104 million.
The involuntary petitioners' claims were part of the financing for the August 2007 acquisition and merger of Wilton Industries Inc. and Dimensions Holdings LLC by an affiliate of GTCR Golder Rauner LLC.
The case is In re Wilton Holdings Inc., 09-12563, U.S. Bankruptcy Court, District of Delaware (Wilmington).
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