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Ardagh predicts IPO in late 2015 or early 2016

Ardagh Group has announced that it expects its stock market float, which was delayed due to the timing involved in its long-delayed acquisition of US glassmaker Verallia North America (VNA), to take...

Section: News Date: 2014-03-26 Company financial news

Vitro: bondholder deal seen closer

Mexico’s largest glassmaker Vitro, which has been in a legal battle with hedge funds over debt from the glassmaker’s USD 1.2 billion bond default in 2009, has gained the most in almost three years on ...

Section: News Date: 2013-02-18 Company financial news

Vitro loses appeals court bid on Mexican bankruptcy plan

The US Court of Appeals in New Orleans has ruled against Vitro’s request to enforce its bankruptcy plan in the US. In the ruling, Circuit Judge Carolyn King wrote that Vitro failed to show that “...

Section: News Date: 2012-12-11 Company financial news

Vitro order blocking bondholders extended by court

US Bankruptcy Judge Harlin DeWayne Hale in Dallas refused to enforce Vitro’s reorganization in the US, saying it is “manifestly contrary” to US public policy. The case is Vitro SAB v. Ad Hoc Group of ...

Section: News Date: 2012-07-12 Legal news

Vitro: court rejects attempt by dissident bondholders to block restructuring

According to Vitro S.A.B. officials, the United States Court of Appeals for the Fifth Circuit has ordered that the dissident bondholders' New York litigation violated the bankruptcy stay protecting...

Section: News Date: 2012-02-08 Legal news

Vitro: US court rejects freezing assets

Mexican glassmaker Vitro reported on 29 November that a US court has rejected a request from bondholders to freeze assets and allow the bankruptcy of its US units. The request was designed to...

Section: News Date: 2010-12-02 Mergers, acquisitions & disposals

Vitro: debt restructuring plans

At the meeting of its Special Committee of Bondholders, members of Vitro``s Committee on Finance and Planning submitted a counterproposal and their vision to reach a consensual restructuring...

Section: News Date: 2010-08-03 Mergers, acquisitions & disposals

Vitro receives Notice of Acceleration for Senior Notes due 2012 and 2017

Vitro S.A.B. de C.V. announced on 4 January 2010 that it received, from a group of its bondholders, a Notice of Acceleration of payment for the Senior Notes due 2012 (the "2012 Notes") and the Senior...

Section: News Date: 2010-01-11 Mergers, acquisitions & disposals

Ardagh blames pretax loss on energy costs

In a document circulated to bondholders, Ardagh Glass reported a pretax loss of EUR 1.5 million in the three months to the end of September 2006, compared to a profit of EUR 3.9 million in the same...

Section: News Date: 2006-12-22 Company news

Pilkington: bondholders agree to buy-back

Holders of Pilkington``s only outstanding bond have accepted the buy-back offer from Nippon Sheet Glass (NSG), the UK glassmaker said on 25 May 2006. Pilkington agreed to be bought by Nippon Sheet...

Section: News Date: 2006-05-31 Mergers, acquisitions & disposals

Owens Corning: bondholders, shareholders oppose disclosure statement

Owens Corning shareholders are not alone in objecting to the disclosure statement the company filed in conjunction with its Chapter 11 reorganization plan. Certain bondholders and insurers have also...

Section: News Date: 2006-03-23 Company financial news

Owens Corning: extension to exclusivity in face of bondholder opposition

Owens Corning defeated a group of large creditors when it won an extension of its exclusive Chapter 11 plan rights on 30 January 2006. Bondholders had pushed for a Chapter 11 plan that would take...

Section: News Date: 2006-02-06 Legal news

Brunner Mond restructuring

Brunner Mond, the UK soda ash producer that failed to make a GBP 8 million half-yearly interest payment to bondholders in July 2001, said in mid-December 2001 that it had completed a financial...

Section: News Date: 2002-01-17 Sector trends

Brunner Mond financial restructuring

Brunner Mond, the UK soda ash producer that failed to make a GBP 8 million half-yearly interest payment to bondholders in July 2001, said in mid December it had completed a financial restructuring...

Section: News Date: 2002-01-07 Sector trends
14 Total news items and articles
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