LINWOOD, Pa. (BUSINESS WIRE) — Foamex International has filed its First Amended Plan of

Reorganization and related amended Disclosure Statement with the U.S. Bankruptcy Court for the District of Delaware.

A hearing to consider the adequacy of the Disclosure Statement is currently scheduled for Nov. 21, 2013. Following Bankruptcy Court approval of the Disclosure Statement, the company can begin the process of soliciting votes for approval of the Amended Plan.

On Oct. 13, 2013, Foamex announced it had received a commitment for a new equity investment, and together with Foamex L.P., had received a commitment for exit financing to fund the company’s emergence from chapter 11.

These commitments are subject to the satisfaction of certain conditions, as described therein. As a part of the equity investment commitment from certain significant equityholders, the company and such holders also reached agreement on the principal terms of the Amended Plan. Those terms, which were previously summarized in the company’s 8-K filing on Oct. 16, 2013, are embodied in the Amended Plan.

Subject to receipt of all required approvals, the company expects to emerge from chapter 11 during the first quarter of 2014.