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Specializing in insolvency and complex commercial matters since 1974

Suncoast Aluminum Furniture - Furniture Manufacturing Company Successfully Exits Chapter 11 And Deleverages - October 4, 2011

On October 4, 2011, the United States Bankruptcy Court for the Middle District of Florida, Ft. Myers Division, confirmed the stand alone plan of reorganization presented by Suncoast Aluminum Furniture, Inc. Suncoast is a second generation outdoor patio furniture manufacturing company headquartered in Southwest Florida. Confirmation of the plan will effectuate a successful deleveraging for Suncoast and its affiliated retail operation, Patio Now. The confirmed plan incorporates a resolution of all legacy leverage issues concerning its former senior secured creditor, Busey Bank, including resolution of personal guaranties. Suncoast currently employs approximately 50 people. The firm’s representation was led by Stephen R. Leslie and Daniel Fogarty.