Unformatted text preview: $300 million was going to be covered by insurance. The remainder was borrowed so Malden Mills could have a state of the art, environmentally friendly building. By the end of 2001, Malden Mills had a debt of $140 million. On September 30, 2003, Malden Mills emerged from bankruptcy, but under different management… not Feuerstein. RESULT: Feuerstein is President of Malden Mills and serves on its board. Members of the U.S. House and Senate lobbied to convince the Export-Import bank to loan Feuerstein the $35 million he needed in order to buy his company back. In 2006, Malden Mills landed a multi-million-dollar contract with the U.S. Department of Defense to be a supplier of the lightweight PolarTec blanks for the U.S. military branches....
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- Spring '08
- Salary, Aaron Feuerstein, Malden Mills, Polar fleece