Home | Business News | Browse by Publication | B | Business Wire

Constar International Inc. Completed Its Financial Restructuring and Emerged From Chapter 11.

Publication: Business Wire
Publication Date: 01-JUN-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
* Constar emerged with strengthened balance sheet and new funding

* Constar now owned by pre-Chapter 11 subordinated note holders

* Customer, supplier and employee support contributed to successful reorganization

PHILADELPHIA -- Constar International Inc., a leading global producer of PET (polyethylene terephthalate) plastic containers for food and beverages, announced that the Company and its affiliated debtors completed their financial restructuring and successfully emerged from Chapter 11 on Friday, May 29, 2009. The reorganization was completed approximately five months from the filing of their Chapter 11 petitions...

View this article FREE - Now for a Limited Time, try Goliath Business News
Free for 3 Days!



More articles from Business Wire
Serious Eats Partners with Federated Media.(Company overview), June 01, 2009
Apartment Therapy Partners With Federated Media., June 01, 2009
AdvancedIO[R] Systems Announces Rugged Dual Front-panel 10-Gigabit Eth..., June 01, 2009
Spectrum Brands Receives Strong Noteholder Support for Plan of Reorgan..., June 01, 2009
HP Enables New Field of Flexible Electronics with Reflective Display T..., June 01, 2009

Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.