01
May
16:58
Optima sets July as bankruptcy emergence deadline
Optima Specialty Steel plans to emerge from chapter 11 bankruptcy protection by the end of July, Kallanish understands.
Optima’s reorganization plan, filed with the United States Bankruptcy Court for the District of Delaware, makes provisions for paying all creditors in full with cash. Optima Acquisitions will contribute $200 million toward the plan’s implementation, bolstered by debt financing of $140m.
An approval hearing for the plan has been s…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
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