Oriental Trading Company, Inc. announced on February 11, 2011 the completion of its reorganization efforts and successful exit from bankruptcy. Kramer Levin represented the second lien agent.
Oriental Trading is the nation's largest direct merchant of value-priced party supplies, arts and crafts, toys and novelties, and a leading provider of school supplies and affordable home décor and giftware.
The Kramer Levin team consisted of Corporate Restructuring and Bankruptcy partners Thomas Moers Mayer, Robert T. Schmidt and Gregory Horowitz; associate Elan Daniels; and Corporate special counsel Joshua E. Davis and associate Seth Merl.