Momentous Decision in Momentive Performance Materials: Cramdown of Secured Creditors – Part I

http://ift.tt/WEc4ZX On August 26, 2014, Judge Drain, of the Bankruptcy Court for the Southern District of New York, concluded the confirmation hearing in Momentive Performance Materials and issued several bench rulings on cramdown interest rates, the availability of a make-whole premium, third party releases, and the extent of the subordination of senior subordinated noteholders. This four-part […]

via Weil Bankruptcy Blog http://ift.tt/1mX8YGU