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

http://ift.tt/1qM15Zo On August 26, 2014, Judge Drain 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 Bankruptcy Blog series examines Judge Drain’s rulings in detail, with Part […]

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