GREENSBORO -- Global Safety Textiles LLC said yesterday that it has reached an agreement with a majority of its senior lenders to restructure the company's financial obligations and enter Chapter 11 ...

Global Safety Textiles Holdings LLC, a Greensboro, N.C.-based unit of WL Ross & Co.’s International Textile Group Inc., has filed for Chapter 11 bankruptcy protection.

Global Safety Textiles LLC, which makes fabrics used in automotive airbags, secured bankruptcy-court approval of an outline of its reorganization plan. Judge Kevin Gross of the U.S. Bankruptcy Court ...

Global Safety Textiles LLC, which makes fabrics used in automotive airbags, struck a deal with its senior lenders that will slash the company's debt in half. The company said in a statement Wednesday ...