POINTERS
AET in Chapter 11 recapitalisation plan
Applied Extrusion Technologies (New Castle, Delaware / USA; www.aetfilms.com), the leading North American producer of BOPP film with 115,000 t/y of annual capacity, has filed for bankruptcy protection under Chapter 11 of US law. The company, which has been in financial difficulty for some time, said it expects to emerge from the bankruptcy proceedings in a relatively short time. It has “reached an agreement in principle” with six bondholders holding over 70% of the outstanding principal amount of its senior notes that became due on 1 July to recapitalise the notes.
19.08.2004 Plasteurope.com [12580]
Published on 19.08.2004

© 2001-2024 Plasteurope.com  |  Imprint  |  Privacy  |  Cookie settings

Plasteurope.com is a business information platform for the European plastics industry. It is part of KI Kunststoff Information and PIE Plastics Information Europe, one of the leading content providers for the European plastics industry. We offer daily updated business news and reports, in-depth market analysis, polymer prices and other services for the international plastics industry, including a suppliers guide, career opportunities, a trade name directory and videos.

News | Polymer Prices | Material Databases | Plastics Exchange | Suppliers Guide | Jobs | Register | Advertising

PIE – Plastics Information Europe | KI – Kunststoff Information | KunststoffWeb | Plastics Material Exchange | Polyglobe | K-Profi
© 2001-2024 by Plasteurope.com, Bad Homburg
Date of print: 26.11.2024 02:32:43   (Ref: 590198781)
Text and images are subject to copyright and other laws for protection of intellectual property.
Any duplication or distribution in any media as a whole or in parts requires prior written approval by Plasteurope. URL: http://www.plasteurope.com/news/detail.asp