Farmland Dairies LLC (Farmland) has announced its emergence from bankruptcy.



Farmland has reorganized around its fresh milk and dairy products business in the Northeast and its national aseptic milk products business, based in Grand Rapids, Mich. It is a leading processor in these markets. Additionally, its Wallington, N.J., location is the largest HACCP certified fluid milk plant in the U.S.



Farmland has emerged with exit financing totaling $101 million consisting of a $56 million loan from LaSalle Business Credit, and a $45 million term loan from GE Commercial Finance. The equity of the emerged Farmland will be majority owned by the Company's pre-petition leasing syndicate which is led by GE Commercial Finance, Public Finance.



Source: PRNewswire