Hexion Inc. Receives Court Approval for Restructuring Support Agreement – Associated Press
COLUMBUS, Ohio–(BUSINESS WIRE)–May 15, 2019–
Hexion Inc. (Hexion or the Company) today announced that the U.S. Bankruptcy Court for the District of Delaware (the Bankruptcy Court) has approved the Companys assumption of the Restructuring Support Agreement (RSA).
Craig A. Rogerson, President and CEO of Hexion, stated: Todays approval of the RSA signifies another significant step forward in the successful implementation of our deleveraging plan. The RSA reflects the deal reached with 90% of the creditors across our capital structure to reduce debt and invest new equity into our business. This overwhelming support reflects the confidence our stakeholders have in both our business and management team as we continue providing our customers w…
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