Behind RDA’s Chapter 11 Filing:
RDA Holding has filed for Chapter 11 bankruptcy protection for the second time in four years.
The move to convert $465 million in debt to equity comes after the company considered a "wide range of alternatives" however, according to a statement from Robert Guth, president and CEO of RDA.
http://www.printweek.com/news/1171678/Printers-hit-Readers-Digest-files-Chapter-11-again/
The move comes less than four years after the last time RDA filed for Chapter 11 protection, in August of 2009, and leading commercial printers Williams Lea, RR Donnelley and Quad/Graphics are again among the top unsecured creditors.
