The U.S. Bankruptcy Court confirmed Momentive Performance Materials’ (MPM) Joint Chapter 11 Plan of Reorganization and adjudicating certain adversary proceedings. The Court had conditionally confirmed the Plan on August 27, 2014. Key terms of the Plan include a $600 million rights offering, which will provide a significant equity infusion to the Company and 100% recovery…

Privately-held Associated Wholesalers and ten affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 14-12092 (AWI Delaware). The Company, which is a cooperative food distributor, is represented by Mark Minuti of Saul Ewing. All of the Company’s top-30 largest unsecured creditors are categorized as…

Privately-held Trump Entertainment Resorts filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 14-12103. The Company, which owns and operates casino resort properties, is represented by Matthew Barry Lunn of Young Conaway Stargatt & Taylor. The Company and affiliated Debtors emerged from previous bankruptcy filings in…

U.S. Bank National Association, as indenture trustee, filed with the U.S. Bankruptcy Court an objection to the proposed order (i) confirming Momentive Performance Materials’ Joint Chapter 11 Plan of Reorganization and (ii) adjudicating certain adversary proceedings. The objection explains, “The Proposed Order impermissibly – and without any due process – seeks to disallow U.S. Bank’s…

USEC announced that the U.S. Bankruptcy Court confirmed its Plan of Reorganization, and the Company expects to emerge from Chapter 11 protection in September 2014 under the name Centrus Energy Corp. According to the Company, USEC’s new corporate name, Centrus Energy Corp., symbolizes the key attributes of the reorganized company. The operations and the names…

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