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American LaFrance, LLC Announces That the U.S. Bankruptcy Court for the District of Delaware Granted Two Motions Critical to ALF Exit from Chapter 11

SUMMERVILLE, S.C., Feb. 26 /PRNewswire/ --

SUMMERVILLE, S.C., Feb. 26 /PRNewswire/ -- American LaFrance, LLC (the "Company" or "ALF") announced today that the United States Bankruptcy Court for the District of Delaware granted two motions critical to ALF's exit from Chapter 11 and set a timetable for such exit.

The Court granted final approval of ALF's debtor-in-possession financing, which authorizes ALF to borrow $42 million from its pre-petition lenders. This financing will ensure that ALF has adequate liquidity to purchase parts during the bankruptcy proceeding and reestablish production volume to pre- bankruptcy levels, including bringing employees back from furlough.

The Court also approved bid procedures for the sale of the Company in the event that ALF's plan of reorganization is not confirmed.

In connection with approval of these items, the Court established April 9 and April 18 for hearings on plan confirmation and scheduled an April 28 hearing to consider the motion seeking authority to sell all of ALF's assets in the event ALF's plan of reorganization is not confirmed.

About American LaFrance:

American LaFrance has built fire and rescue apparatus since 1832. Today, the company manufactures and distributes a comprehensive line of fire and emergency apparatus including chassis, aerials, ambulances, pumpers, rescues, tankers and wildland vehicles. The company also manufactures a line of vocational vehicles under the Condor brand. For additional information, visit www.americanlafrance.com.

For Further Information Contact William K. Snyder Chief Restructuring Officer 843-486-7502