Huntsman Drops Bid for Tronox Assets as Court Approves Bondholder Deal

Tronox has received an interim order from the U.S. Bankruptcy Court for the Southern District of New York authorizing the company to replace its existing senior secured financing and an order to enter into certain agreements as part of a restructuring transaction. Tronox’s alternative transaction is sponsored by an ad hoc group of its unsecured bondholders. The company also served Huntsman with a notice of termination of its “stalking horse” agreement. A stalking-horse bid is a binding offer made for a bankrupt company’s assets, but...

This information is only available to Chemical Week subscribers.

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

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers