APC Automotive plan unanimously accepted by voting term loan claimants

By Caroline Salls

Pittsburgh, June 26 – APC Automotive Technologies, LLC’s plan of reorganization was unanimously accepted by voting creditors, according to a ballot report filed Thursday with the U.S. Bankruptcy Court for the District of Delaware.

Specifically, all 111 voting holders of $323.38 million in term claims voted to accept the plan.

The plan confirmation hearing is scheduled for July 10.

APC Automotive Technologies is a Goldsboro, Colo., supplier of automotive, light truck and heavy-duty undercar replacement parts. The company filed bankruptcy on June 3 under Chapter 11 case number 20-11466.

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