Contec Gets Nod For Ch. 11 Plan That Cuts Debt By 85%
At a hearing in Wilmington, U.S. Bankruptcy Judge Kevin J. Carey signed off on the Bain Capital-sponsored plan, just over a month after Schenectady, N.Y.-based Contec entered Chapter 11 with all of its major creditor groups on board with the prepackaged proposal.
“The plan makes Contec a much stronger...
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