全球热固性树脂领导者于4月1日为其美国业务申请破产重组,并已获准用于债务人持有融资。

全球热固性树脂领导者瀚森申请破产重组-复合材料网

Hexion Inc.(美国俄亥俄州哥伦布市)于2019年4月1日通过特拉华州的美国破产法院申请破产重组。据瀚森公司称,该公司已获得临时批准,可以获得高达6亿美元的债务人持有融资。

瀚森已与75%的票据持有人签订了重组支持协议(RSA),作为其财务去杠杆化计划的一部分。该公司预计该计划将规定:公司资本结构的去杠杆化超过20亿美元,通过完全担保的配股发行注入3亿美元的股权资本,以及超过16亿美元的退出安排。法院备案只影响公司的美国业务。

瀚森表示,它将向供应商支付所有收到的货物和在2019年4月1日申请日之后提供的服务。RSA希望所有普通无担保债权人,包括其正常的贸易债权人,在Hexion从第11章出现后,将全额支付欠他们的罚款金额。

“我们现在得到了超过75%的资本结构中的票据持有人的支持,这是一个双方同意的财务去杠杆化计划,这将使我们能够在加速的时间表上成为一个更强大,资本充足的公司。在我们完成这一过程的过程中,我们致力于安全有效地运营业务,同时与所有业务合作伙伴保持富有成效的关系。我再次感谢我们的债权人,员工,客户和业务合作伙伴的持续支持,“ 瀚森公司董事长,总裁兼首席执行官克雷格· 罗杰森说。

以上文章由谷歌翻译完成翻译,实际内容以以下英文原稿为准,转自:compositesworld,作者:HANNAH MASON

Hexion files for bankruptcy

The global thermoset resin leader filed for Chapter 11 bankruptcy reorganization for its U.S. operations on April 1 and has been approved for debtor-in-possession financing.

Hexion Inc. (Columbus, Ohio, U.S.) filed for Chapter 11 bankruptcy reorganization on April 1, 2019, through the U.S. Bankruptcy Court in Delaware. According to Hexion, the company has been granted interim approval to access up to $600 million in debtor-in-possession financing.

Hexion has entered a Restructuring Support Agreement (RSA) with 75 percent of its noteholders as part of its financial de-leveraging plan. The company expects this plan to provide for: de-leveraging of the company’s capital structure by more than $2 billion, infusion of $300 million in equity capital through a fully backstopped rights offering, and an exit facility of more than $1.6 billion. The court filing only affects the company’s U.S. operations.

Hexion says it will pay suppliers to its U.S. operations for all goods received and services rendered on or after April 1, 2019, the filing date. The RSA intends that all general unsecured creditors, including its normal trade creditors, will be paid in full for prepetition amounts owed to them once Hexion emerges from Chapter 11.

“We now have the support of more than 75 percent of noteholders across our capital structure on a consensual financial de-leveraging plan that will allow us to emerge on an accelerated timeline as a stronger, well-capitalized company. As we move through this process, we are committed to operating our business safely and efficiently while maintaining productive relationships with all of our business partners. Again, I want to thank our creditors, employees, customers and business partners for their continued support,” says Craig A. Rogerson, chairman, president and CEO of Hexion.

Additional information and contact information for customers and suppliers is available at hexionrestructuring.com.