Under the reorganization plan approved by a Delaware bankruptcy court on April 21, the battery-maker reduced its debt by about $1.3 billion, or more than 70%, to about $540 million. Annual interest payments were reduced by about $70 million.In a press release, Exide said it has also closed on a $600 million exit financing facility arranged by Deutsche Bank, New York branch.The company further noted that its common stock that traded under the symbol "EXDTQ" has been cancelled effective Wednesday. Exide expects its new common stock to begin trading on the Nasdaq National Market under the symbol "XIDE" starting Thursday.