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NOTICE OF FILING

ARCAPITA FILES TO PROTECT ITS STAKEHOLDERS

On 19 March 2012, Arcapita Bank and several of its affiliates, including Arcapita Investment Holdings Limited, filed voluntary cases under chapter 11 of the United States Bankruptcy Code. The filings were made in New York in the United States Bankruptcy Court for the Southern District of New York. The respective Boards of Directors approved this course of action as the most effective way to protect business and assets of the filing companies and implement a comprehensive restructuring that rationalizes Arcapita's capital structure and maximizes recoveries to creditors and other stakeholders. The chapter 11 filings automatically imposed a worldwide injunction against collection and enforcement actions that will protect the assets of the Arcapita entities while a chapter 11 plan of reorganization is formulated. None of Arcapita's operating subsidiaries or portfolio companies are included in the filing.

For a copy of the press release, click here.
To review some frequently asked questions, please click here.
Further information and documents relevant to the filing can be found by clicking http://www.gcginc.com/cases/arcapita

 

 
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