In accordance with USTC’s Chapter 11 Plan for Reorganization, USTC will pay in full its secured lenders, suppliers and unsecured creditors in addition to settlement amounts to the Lewis Class.
“We are energized,” House added. “Our business is robust with our farmer members contracting for this fall’s harvest, customers ordering our products, and shipments processing daily. With our experienced management team, dedicated employees and our strong market position, the Cooperative is poised for a successful future.”
For all the latest news from U.S. Tobacco Cooperative, Inc., visit usleaf.com.
