Marvel said that its banks agreed to the reorganization plan and will provide $160 million in new funds and $100 million in debtor-in-possession financing. The banks, led by Chase Manhattan Corp., loaned about $640 million to Marvel before it filed for bankruptcy. "The recapitalization plan represents a strong vote of confidence by our principal shareholder and lender group in the fundamental strength and promise of the Marvel brand," said Marvel Chairman Scott Sassa in a statement. A disclosure hearing in bankruptcy court is scheduled for Jan. 28, followed by a confirmation hearing March 7. Officials of Marvel and Andrews Group couldn't be reached for comment. Perelman plans to improve Marvel's business by developing television programs and films, Marvel Mania theme restaurants, Marvel Interactive software and taking some initiatives with its Fleer/ SkyBox trading cards.