Second Circuit Clarifies Interest Rate Applicable in Chapter 11 &quo...

Second Circuit Clarifies Interest Rate Applicable in Chapter 11 "Cramdowns"
The National Law Review
Silicone producer MPM Silicones, LLC ("MPM") filed a petition for Chapter 11 in April 2014, in an attempt to restructure its highly overleveraged balance sheet. MPM had issued four classes of notes relevant to the immediate appeal: Subordinated Notes ...