GT Advanced in New Accord With Apple

GT Advanced Technologies Inc., a former sapphire supplier to Apple Inc., reached a new accord on a $439 million with the iPhone maker. Read the Daily Bankruptcy Review article via The Wall Street Journal.

(Daily Bankruptcy Review is a daily newsletter with comprehensive coverage and analysis of emerging and in-progress insolvencies and turnarounds. For a two-week trial, visit http://on.wsj.com/DJBankruptcyNews, scroll to the bottom and click “try for free.”)

Clean-teach fertilizer company BioNitrogen Holdings Corp. filed for chapter 11 projection. DBR reports via WSJ.

Rare-earths miner Molycorp. filed its bankruptcy-exit plan, Reuters reports.

Water bottler Nirvana Inc. get a $7.3 million purchase offer from a New Jersey group that would keep operations going, DBR reports in WSJ.

The Hill has an op-ed (h/t Credit Slips) that opposes chapter 9 bankruptcy for Puerto Rico.

Write to Melanie Cohen at [email protected]. Follow her on Twitter at @MelanieLisa