February 26, 2018 / 4:43 PM / 6 months ago

BRIEF-Fallbrook Technologies Announces Voluntary Chapter 11 Bankruptcy Proceedings

Feb 26 (Reuters) - Fallbrook Technologies Inc:

* ROGER WOOD NAMED CEO AND CHAIRMAN OF THE BOARD OF FALLBROOK TECHNOLOGIES INC AS COMPANY ANNOUNCES VOLUNTARY CHAPTER 11 BANKRUPTCY PROCEEDINGS

* SAYS RELATED TO BANKRUPTCY FILING, ENTERED RESTRUCTURING SUPPORT AGREEMENT WITH SOME OF LARGEST CREDITORS TO SUPPORT PLAN OF REORGANIZATION

* SAYS SUBJECT TO BANKRUPTCY COURT APPROVAL, CO HAS AGREEMENT TO SECURE DEBTOR-IN-POSSESSION FINANCING & POST-EXIT FINANCING Source text for Eikon:

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