IHS Chemical Week

Grace moves closer to bankruptcy exit

11:20 AM MST | December 5, 2013

W.R. Grace has announced that “none of the four parties with-asbestos related appeals to Grace’s plan of reorganization filed further appeals with the US Supreme Court” before the deadline. Another appeal, related to the amount of interest to be paid on Grace’s pre-bankruptcy bank debt, is still pending before the US Third Circuit Court of Appeals. The company expects its emergence from Chapter 11 bankruptcy to occur sometime after the Third Circuit rules on that appeal. Grace has been in Chapter 11 bankruptcy protection since April 2001, and first filed...

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