05
Jul
19:17
Optima bankruptcy plan gets go-ahead
Optima Specialty Steel’s chapter 11 bankruptcy emergence plan has been approved by a Delaware court, Kallanish reports.
Optima filed for chapter 11 protection seven months ago.
“The achievement of this critical milestone clears a path for the company’s emergence from chapter 11,” says restructuring officer Michael Correra. “Upon closing of the exit financing facility of $130 million, and Optima Acquisition’s equity contribu…
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Anonymous
Very good overview of the weekly steel market.
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