Facing millions of dollars in debt payments it cannot continue to make, silicones maker Momentive Performance Materials has filed for reorganization in U.S. Bankruptcy Court in White Plains, N.Y. Creditors have already agreed on a reorganization plan that, according to CEO Craig Morrison, "will eliminate more than $3 billion of debt from ... (more)
via White Plains Newswire http://ift.tt/1peeUSe
via White Plains Newswire http://ift.tt/1peeUSe
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