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Prospector
Profile
08.0005
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| Ascendia Brands, Inc. |
NAICS |
325611 |
| 100 American Metro Boulevard, Suite 108
Hamilton, NJ 08619 |
Description |
Soap Mfg. |
| (609) 219-0930 |
Employees |
324 |
| http://www.ascendiabrands.com/ |
Revenue |
(mil) |
99.6420 |
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Income |
(mil) |
-103.6030 |
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Assets |
(mil) |
216.8950 |
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Liability |
(mil) |
294.0330 |
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(for the year ended 2007-02-28) |
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Category:
Restructuring
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Event:
Ascendia Brands, Inc. has reached agreement with its senior lenders to restructure its $160 million first and second lien debt facilities. Under the agreement, Ascendia's senior lenders will waive certain existing covenant defaults and adjust financial covenant levels from now through the end of Ascendia's fiscal year ending Feb. 28, 2009. On Dec. 17, 2007,
Ascendia Brands notified its senior lenders that it is in default of certain covenants contained in its first and second lien credit facilities and is unable to make certain representations and warranties deemed to be made when drawings are made under its revolving credit facility.
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Intellectual Property:
Ascendia Brands and its affiliates own the material trademarks and trade name rights used to market, package and sell its products. The Company's registered trademarks include Baby Magic®, Binaca®, Mr. Bubble®, Calgon™, the healing garden®, Lander®, Lander essentials®, Ogilvie®, Tek®, Dorothy Gray® and Tussy®. [SEC Filing 10-K 07-13-07]
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Description:
The Company engages in the manufacture, marketing, and distribution of branded health and beauty care products primarily in Canada and the United States.
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Officers:
Joseph A. Falsetti (Chair); Steven R. Scheyer (Pres. & CEO); Jack P. Wissman (CFO); Andrew W. Sheldrick (Sec. & Gen. Counsel); Robert F. Connolly (Dir.); Edward J. Doyle (Dir.); Michael Gross (Dir.); Steven R. Scheyer (Dir.); Kenneth D. Taylor (Dir.); Francis G. Ziegler (Dir.)
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Auditor:
BDO Seidman LLP
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Securities:
Common Stock-Symbol ASB; AMEX;
41,779,840 common shares outstanding as of July 24, 2007.
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