Judge Rejects Creditor Objections, Sides with Momentive
Reuters reported a judge approved the bulk of Momentive Performance Materials’ bankruptcy exit plan, rejecting creditor objections.
August 28, 2014
Momentive Performance
ABF Journal
Reuters reported a judge approved the bulk of Momentive Performance Materials’ bankruptcy exit plan, rejecting creditor objections.
Bloomberg reported a group of secured debt holders in Momentive Performance Materials hired Dechert for restructuring advice as Standard & Poor’s warns it may seek bankruptcy protection.
Momentive specialty Chemicals said it has obtained commitments from financial institutions for a new $400 million ABL revolver. Filings show JPMorgan Chase is agent for a lender group on an existing revolver due to mature May 2013.