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Seven Up Rc Bottling Co Of Southern California Inc

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BUSINESS
August 2, 1995 | Times Staff and Wire Reports
Seven-Up Suspending Interest on Debt: Seven-Up/RC Bottling Co. of Southern California Inc. said that it will suspend interest payments on $140 million of debt, citing weak earnings caused by price competition and lower sales. The interest payments on the 11.55 senior secured notes that mature in 1999 were due Tuesday. The Vernon-based company said earnings before interest, taxes and other items fell 76% to $1.6 million for the quarter ended June 30, down from $6.7 million in the year-ago period.
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BUSINESS
May 14, 1996 | From Bloomberg Business News
Seven-Up/RC Bottling Co. of Southern California Inc. filed for Chapter 11 protection under the U.S. Bankruptcy Code, submitting a negotiated reorganization plan that would give the company to note holders. Holders of $140 million in senior secured notes due in 1999 are to receive 98% of the stock in the Vernon-based bottler and at least $73.2 million from the sale of Seven-Up/RC Bottling of Puerto Rico, which is a unit of the debtor. Under the plan, trade creditors are to be paid in full.
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BUSINESS
May 14, 1996 | From Bloomberg Business News
Seven-Up/RC Bottling Co. of Southern California Inc. filed for Chapter 11 protection under the U.S. Bankruptcy Code, submitting a negotiated reorganization plan that would give the company to note holders. Holders of $140 million in senior secured notes due in 1999 are to receive 98% of the stock in the Vernon-based bottler and at least $73.2 million from the sale of Seven-Up/RC Bottling of Puerto Rico, which is a unit of the debtor. Under the plan, trade creditors are to be paid in full.
BUSINESS
September 16, 1995 | Times Staff and Wire Reports
Seven-Up-RC Bottling Co. of Southern California Faces Bankruptcy: Four bondholders have filed an involuntary Chapter 11 petition against the Vernon-based bottler for failing to pay $2.1 billion in notes. The company, the nation's largest bottler of Seven-Up, is burdened with debt taken on in a 1990 management-led buyout from Westinghouse. The bottler is in talks with bondholders to restructure its debt.
BUSINESS
September 16, 1995 | Times Staff and Wire Reports
Seven-Up-RC Bottling Co. of Southern California Faces Bankruptcy: Four bondholders have filed an involuntary Chapter 11 petition against the Vernon-based bottler for failing to pay $2.1 billion in notes. The company, the nation's largest bottler of Seven-Up, is burdened with debt taken on in a 1990 management-led buyout from Westinghouse. The bottler is in talks with bondholders to restructure its debt.
BUSINESS
August 2, 1995 | Times Staff and Wire Reports
Seven-Up Suspending Interest on Debt: Seven-Up/RC Bottling Co. of Southern California Inc. said that it will suspend interest payments on $140 million of debt, citing weak earnings caused by price competition and lower sales. The interest payments on the 11.55 senior secured notes that mature in 1999 were due Tuesday. The Vernon-based company said earnings before interest, taxes and other items fell 76% to $1.6 million for the quarter ended June 30, down from $6.7 million in the year-ago period.
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