Ashton Woods USA L.L.C. (the "Company") a premier builder of energy efficient, single-family detached, town homes and stacked flat condominium homes, today announced that it has successfully completed its previously announced capital restructuring plan. In connection with the restructuring plan, all prior defaults under the Company's senior credit facility and $125 million 9.5% Senior Subordinated Notes due 2015 were either waived or cured. The restructuring plan was designed to align the Company's capital structure with the current economic environment. (PRWeb Feb 24, 2009)
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[Source: PRWeb: Business Real Estate]
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