Ormet melts into bankruptcy again - The Deal Pipeline

02/26/13


The Deal Pipeline

Ormet melts into bankruptcy again
The Deal Pipeline
The DIP matures nine months from the commencement of the bankruptcy. The Wayzata DIP accrues interest at 10% and also matures in nine months. Under the sale, Smelter would assume the DIP debt, credit-bid $130 million from a prepetition term loan and ...
UNEDITED: United Steelworkers news release on Ormet bankruptcyWTOV Steubenville
Ormet files for bankruptcy and to sell businessSteelGuru
Aluminum Smelter Enters Ch. 11, Plans Sale To WayzataLaw360 (subscription)
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