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According to the Los Angeles Times, Shannon said that the company's plan received "more than sufficient votes" from its creditors. He also ruled that the plan would wipe out debt, providing "modest but meaningful" payment to lenders, and would allow the company a line of credit to "ensure liquidity going forward."
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Brendan Menapace
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Brendan Menapace is the content director for Promo+Promo Marketing.
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