in this issue
Chemical Week Magazine :: Top of the Week
Momentive Performance Materials considers Chapter 11 filing
6:28 AM MDT | April 4, 2014 | â€“Robert Westervelt
Momentive Performance Materials (MPM; Albany, NY), the silicones and quartz operations of Momentive, is considering a bankruptcy filing as part of ongoing negotiations to reduce debt. â€śAs part of this process, a filing under Chapter 11 of the US Bankruptcy Code may provide the most expeditious manner in which to effect a plan of reorganization,â€ť MPM said in a SEC regulatory filing on 1 April. MPM said it â€śbelieves these discussions will be concluded shortly.â€ť MPM had outstanding long-term debt of $3.2 billion as of 30 September 2013. â€śMPM is in active...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee