EveryWare Global, Inc. announced on Friday that a bankruptcy court confirmed the company's financial restructuring plan, according to a press release. The plan, as supplemented, provides for the cancellation of the company's existing common stock. The company's existing common stockholders and holders of in-the-money warrants (other than the company's pre-petition term loan lenders and their affiliates and certain stockholders affiliated with the company) will receive cash equal to $0.06 per existing share of common stock. The plan provides that the EveryWare's pre-petition term loan lenders will receive approximately 96.3 percent of the reorganized company's common stock in exchange for their term loans.
