Keyword: bankruptcy

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Chemicals Maker Tronox Files Reorganization Plan

09.07.2010 - U.S. chemicals company Tronox filed a bankruptcy reorganization plan that it said promises a significant recovery for unsecured creditors and sets up trusts to resolve...

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Chemtura Files for Plan of Reorganization

18.06.2010 - Bankrupt U.S. chemicals maker Chemtura filed for a plan of reorganization with a U.S. court that would pave the way for the company to emerge from bankruptcy protection. The plan...

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Lyondell Chemical Emerges from Bankruptcy

03.05.2010 - Lyondell Chemical said on Friday that it has exited bankruptcy after a 16-month process during which its debt load was reduced to about $5 billion from $24 billion. The company...

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Lyondell Judge Approves Plan to Exit Bankruptcy

26.04.2010 - A bankruptcy court judge on Friday approved Lyondell Chemical's plan to exit bankruptcy, signaling the near-end of a 15-month process during which the chemical maker fended off a...

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Lyondell to Pursue $3.25 Billion Debt Financing

15.03.2010 - LyondellBasell said late on Thursday its unit Lyondell Chemical plans to raise $3.25 billion in debt, including a senior secured note issue, as the chemical company charts its...

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Lyondell Wins OK Of Big Bankruptcy Creditor Pact

12.03.2010 - LyondellBasell on Thursday won court approval for a $450 million settlement to resolve litigation with creditors over its 2007 leveraged buyout, and pave the way for the big...

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Blavatnik Seeks up to 15% Stake In New Lyondell

11.03.2010 - Billionaire Len Blavatnik, who led the 2007 leveraged buyout that created LyondellBasell , will seek a stake of up to 15% in the reorganized petrochemical maker when it exits...

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Lyondell Settlement Paves Way For Bankruptcy Exit

17.02.2010 - Lyondellbasell said it has reached a settlement with creditors over a lawsuit stemming from its 2007 leveraged buyout, paving the way for the chemical maker to get out of...