ROUND ROCK, TEXAS — American Plumbing & Mechanical announced in November that it has obtained final approval of its debtor-in-possession agreement from Judge Leif Clark in the U.S. Bankruptcy Court for the Western District of Texas, San Antonio Division.

The DIP facility is provided by Ableco Finance and was consented to by the debtors’ pre-petition secured lenders, Harbert Management Corp. and Cerberus Capital Management .

“The decisive actions by the court to date, together with the substantial financing facility that has been arranged, have moved AMPAM further down the path towards a successful reorganization,” said Robert Christianson, chairman and CEO. “Our customers have indicated they intend to remain with us - and we intend to reward that loyalty with a determined commitment to provide the best plumbing and HVAC solutions in the industry.”

AMPAM filed for relief under Chapter 11 on Oct. 13 (November, pg. 5). It is represented by Winstead Sechrest & Minick and Conway, Del Genio, Gries & Co., the financial advisers to the debtors.

In late October, the U.S. trustee appointed an official committee of unsecured creditors, which is represented by Otterbourg, Steindler, Houston & Rosen and FTI Consulting serving as the committee’s financial adviser.

AMPAM ranked No. 7 in CONTRACTOR’s 2003 Book of Giants with annual revenues of $574.85 million, according to Securities and Exchange Commission data (May, pg. 38).