"A judge paved the way for Atrium Corp. to hand over its window-making business to private-equity firms Golden Gate Private Equity Inc. and Kenner & Co. in a transaction that will slash $400 million in debt from the company's balance sheet.
Joshua Sussberg, an attorney representing Atrium, said that the Dallas-based company intends to close the deal on Friday.
'We've done everything in our power to make sure everything is set and ready for close,' said Sussberg, of Kirkland & Ellis. The plan investor also confirmed that it intended to cement the transaction by the end of the week."
This article appeared in the April 29, 2010 edition of Daily Bankruptcy Review.