American Commercial Lines files for Chapter 11 bankruptcy

摘要

American Commercial Lines Inc. announced in February that it had filed for Chapter 11 bankruptcy. ACL has entered into a restructuring agreement with lenders on a prepackaged plan to recapitalize the business and significantly reduce the company's debt. Under the terms of the plan, Jeffer-sonville, Ind.-based ACL will receive $200 million in new capital to support liquidity and investments in the business.