Global Home Products launches plan of reorganization rights offering

By Caroline Salls

Pittsburgh, Feb. 4 - Global Home Products LLC launched a rights offering for equity holders under its plan of reorganization on Feb. 3, according to a Friday filing with the U.S. Bankruptcy Court for the District of Delaware.

The rights offering, which is being made to holders of all non-Global Home Products Investors equity interests of record as of Dec. 28, will expire at 2 p.m. ET on Feb. 11.

As previously reported, participating interest holders must agree to pay the percentage of the effective date cash equal to their non-Global Home Products Investors equity interests.

The company's plan confirmation hearing is scheduled for Feb. 13.

Global Home Products is a Westerville, Ohio-based designer, marketer and manufacturer of branded consumer and specialty products to retail and hospitality customers and original equipment manufacturers. The company filed for bankruptcy on April 10, 2006. Its Chapter 11 case number is 06-10430.

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