Maxcom Aims To Quickly Restructure $200M In Debt In Ch. 11
By Matt Chiappardi
Law360, Wilmington (July 25, 2013, 7:24 PM EDT) -- Mexican telecommunications firm Maxcom Telecomunicaciones SAB won approval Thursday for a slew of first-day motions the company hopes will swiftly ferry it through bankruptcy as it makes a second attempt to restructure $200 million in senior debt and secure a private equity cash infusion, this time under Chapter 11 protection.
U.S. Bankruptcy Judge Peter J. Walsh made little comment as he approved several of Maxcom's requests during a hearing in Delaware, including the the ability to pay its 2,000 employees, continued use of its approximately 60...