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Seaman Furniture Co Inc

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BUSINESS
January 9, 1990 | PAUL RICHTER, TIMES STAFF WRITER
Four days before the start of the new decade, a court clerk in Tampa, Fla., stamped and filed a foot-thick batch of bankruptcy petitions from a local building materials and resources company, and a chapter in business history quietly ended. The company was Hillsborough Holdings, and its bankruptcy pleading Dec. 27 signaled the end of the era in which its owners, the great buyout firm of Kohlberg Kravis Roberts & Co., stood as a symbol of invincibility for all the financial world.
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BUSINESS
April 8, 2000 | Bloomberg News
Levitz Furniture Inc., a retailer operating under bankruptcy protection, agreed to share management and some business functions with rival Seaman Furniture Co. as part of a plan to return to profitability. Levitz and most of Seaman will be owned by a new holding company, Levitz Home Furnishing Inc. Closely held Seaman will manage Levitz's U.S. East Coast stores and provide administrative support for other locations.
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BUSINESS
January 4, 1992 | From Times Staff and Wire Reports
Seaman Furniture Seeks Bankruptcy Protection: Heavy debts and slow sales prompted the Northeast's largest furniture retail chain into federal bankruptcy court. Seaman said it is closing 15 of its 37 stores and laying off a quarter of its 1,300 workers as part of the Chapter 11 filing. Chief Executive Matthew D. Serra said the strategy will let Seaman "emerge from the current economic recession as a strengthened retailer."
BUSINESS
January 4, 1992 | From Times Staff and Wire Reports
Seaman Furniture Seeks Bankruptcy Protection: Heavy debts and slow sales prompted the Northeast's largest furniture retail chain into federal bankruptcy court. Seaman said it is closing 15 of its 37 stores and laying off a quarter of its 1,300 workers as part of the Chapter 11 filing. Chief Executive Matthew D. Serra said the strategy will let Seaman "emerge from the current economic recession as a strengthened retailer."
BUSINESS
August 17, 1989 | From Reuters
Worries about how junk bonds will fare in a recession were heightened this week after three companies said they either have or soon will miss interest payments on their debt. On Monday, Kohlberg Kravis Roberts & Co.'s Seaman Furniture Co. said it missed an August debt payment. Bonds of Zapata Corp., the big offshore drilling and oil field services company, and Integrated Resources Inc., a financial services company, fell sharply Tuesday when each said they would miss interest payments.
BUSINESS
April 8, 2000 | Bloomberg News
Levitz Furniture Inc., a retailer operating under bankruptcy protection, agreed to share management and some business functions with rival Seaman Furniture Co. as part of a plan to return to profitability. Levitz and most of Seaman will be owned by a new holding company, Levitz Home Furnishing Inc. Closely held Seaman will manage Levitz's U.S. East Coast stores and provide administrative support for other locations.
BUSINESS
December 21, 1989 | PAUL RICHTER, TIMES STAFF WRITER
Marking a new travail for top buyout firm Kohlberg Kravis Roberts & Co., Hillsborough Holdings said Wednesday that it may be forced into bankruptcy court if can't soon renegotiate its $624 million in junk bond debt. Hillsborough--a building materials company called Jim Walter Corp. until it was bought by KKR two years ago for $2.
BUSINESS
January 9, 1990 | PAUL RICHTER, TIMES STAFF WRITER
Four days before the start of the new decade, a court clerk in Tampa, Fla., stamped and filed a foot-thick batch of bankruptcy petitions from a local building materials and resources company, and a chapter in business history quietly ended. The company was Hillsborough Holdings, and its bankruptcy pleading Dec. 27 signaled the end of the era in which its owners, the great buyout firm of Kohlberg Kravis Roberts & Co., stood as a symbol of invincibility for all the financial world.
BUSINESS
December 21, 1989 | PAUL RICHTER, TIMES STAFF WRITER
Marking a new travail for top buyout firm Kohlberg Kravis Roberts & Co., Hillsborough Holdings said Wednesday that it may be forced into bankruptcy court if can't soon renegotiate its $624 million in junk bond debt. Hillsborough--a building materials company called Jim Walter Corp. until it was bought by KKR two years ago for $2.
BUSINESS
August 17, 1989 | From Reuters
Worries about how junk bonds will fare in a recession were heightened this week after three companies said they either have or soon will miss interest payments on their debt. On Monday, Kohlberg Kravis Roberts & Co.'s Seaman Furniture Co. said it missed an August debt payment. Bonds of Zapata Corp., the big offshore drilling and oil field services company, and Integrated Resources Inc., a financial services company, fell sharply Tuesday when each said they would miss interest payments.
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