News Releases

Orleans Homebuilders, Inc. Completes Financial Reorganization, Emerges from Chapter 11 with $160 Million in New Financing 02/14/11 News Release
Court Confirms Orleans Homebuilders, Inc. Plan of Reorganization; Company to Emerge from Chapter 11 by Year End; Company Launching $155 Million in Exit Financing To Support Plan and Ongoing Working Capital Needs 12/1/10 News Release
Orleans Homebuilders Selects George E. Casey, Jr. To Lead the Company 11/10/10 News Release
Orleans Homebuilders Reaches Consensual Separation and Settlement Agreement With CEO Jeffrey P. Orleans 10/19/10 News Release
Court Approves Orleans Homebuilders’ Disclosure Statement; Hearing to Consider Proposed Plan Scheduled for Mid-November; Expectation to Emerge from Bankruptcy Shortly Thereafter 10/5/10 News Release
Orleans Homebuilders, Inc. Files Plan of Reorganization, Disclosure Statement 8/12/10 News Release
Orleans Homebuilders, Inc. to Pursue Negotiation of a Plan of Reorganization with Support of its Senior Lenders, Terminates Asset Purchase Agreement with NVR, Inc. and Cancels May 21, 2010 Hearing 5/19/10 News Release
Orleans Homebuilders, Inc. Announces Adjournment of Hearing Considering Other Options, Including Stand-Alone Plan of Reorganization 5/4/10 News Release
Orleans Homebuilders, Inc. Executes Debtor-In-Possession Credit Facility 4/22/10 News Release
Orleans Homebuilders Announces Resignation by EVP & CFO 4/19/10 News Release
Orleans Homebuilders Announces Execution of Definitive "Stalking Horse" Asset Purchase Agreement with NVR, Inc. 4/14/10 News Release
Orleans Homebuilders Announces Notice from the NYSE Amex LLC 3/11/10 News Release
Orleans Homebuilders, Inc. Receives Court Approval on First-Day Motions, Interim Approval of up to $11 Million in New Financing 3/5/10 News Release
Orleans Homebuilders, Inc. Files Voluntary Chapter 11 Petitions; Obtains Up to $40 Million in Anticipated New DIP Financing; All Homebuilding and Management Services to Continue Operations 3/1/10 News Release