21
Apr
19:05
Optima sets July deadline for bankruptcy emergence
Miami-based Optima Specialty Steel (OSS) plans to emerge from chapter 11 bankruptcy protection by the end of July, Kallanish reports.
The company has filed a plan for emergence with its sole shareholder, Optima Acquisitions (OA). The plan consists of a $200 million cash contribution by Optima Acquisitions for debt repayment and a $140 million debt financing facility.
“With the additional $200m equity commitment provided by OA, the planned reorganisation…
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Anonymous
Very good overview of the weekly steel market.
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