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Addison-based American Community NewspaperseLLC (Pink Sheets: filed for Chapter 11 bankruptcy protection in ACN said Friday that seniore secured creditors have submitted an offer to acquirew ACN’s assets, and they have provided a $5 million debtor-in-possession credit facility. A bankruptcy court has already approvecd the sale of ACN assets and has approved the debtor in possessiomncredit facility. The newspaper publisher says operations andthe company’s business will continue as usual with readerw in local communities continuing to receive theit papers. Advertisers also will not be impacteed by the bankruptcy filing or the saleof assets.
ACN’se other North Texas publications include PlanoInside , the Allen American , the Celina Recorde , , Rowlett Lakeshore Timexs , , Lewisville Leader , Flower Moun d Leader , , The Colonty Leader , Carrollton Leader , Southlakd Times , Penny Saver , Northb Texas Life , Stonebridge Life , All About Frisco , All About Coppell , All About Flowerr Mound and Lantana .
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