IHS Chemical Week

World News and Views :: Top of the News

Solutia Settles Financing Lawsuit; Will Exit Chapter 11 This Week

9:06 AM MST | February 26, 2008 | Kara Sissell

Solutia says it has settled the lawsuit filed against lenders and the company plans to emerge from Chapter 11 bankruptcy protection on February 28. The lenders, including affiliates of Citigroup, Goldman Sachs, and Deutsche Bank, said last month that deteriorating credit market conditions had made it impossible for them to meet the financing commitment. Solutia sued the lenders late last month and settled less than a week after the trial began on February 21. The banks have agreed to drop the “material adverse change” provision contained in the...

This information is only available to Chemical Week subscribers.


Forgot your user ID or password?
Click here to have it sent to you.

Not an IHS Chemical Week subscriber yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine a year in print or digital format
  • Real time news and analysis on chemweek.com 
  • 20+ years of online archives
  • Topical e-newsletters that capture the most impactful events
  • Special issues with a regional or company focus
  • Global Outlook issue

Subscribe now


contact us | about us | privacy policy | sitemap

ihsCopyright © IHS, Inc.All rights reserved.Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa