Gibson Brands Receives Court Approval Of Disclosure Statement; Confirmation Hearing Scheduled For September 27

New York, NY (Top40 Charts) Gibson Brands Inc. ("Gibson" or "the Company"), today announced that the U.S. Bankruptcy Court for the District of Delaware in Wilmington has approved the Company's Disclosure Statement. The approval is a significant step in Gibson's process for emergence from chapter 11 and allows the Company to begin the process of soliciting votes on the Plan of Reorganization and ultimately to seek an Order confirming the Plan. The Plan received the support of the Creditors' Committee, which recommended that all general unsecured creditors vote in favor of the plan.

The Plan materials and ballots are expected to be mailed during the week of August 6, 2018. The deadline for returning completed ballots will be September 14, 2018 at 5:00 p.m. (Eastern Time). A hearing to confirm the Plan is scheduled to begin on September 27, 2018.

"We are extremely pleased by the Court's approval of our Disclosure Statement, which is a key step toward the Company's successful emergence from Chapter 11," stated Henry Juszkiewicz, Chief Executive Officer of Gibson Brands. "Our employees have worked very hard to help us stay on track to emerge from Chapter 11 as planned, and we are grateful for the continuing support from our creditors, partners, and vendors."

Additional information is available by calling Gibson's Restructuring Hotline, toll-free in the U.S. at 1-844-240-1258. For calls originating outside the U.S., please dial 1-929-477-8085. Email inquiries can be sent to [email protected]. Copies of the plan and disclosure statement materials and other court filings and documents related to the court proceedings are available on a separate website administered by Gibson's claims agent, Prime Clerk, at https://cases.primeclerk.com/gibson.