Excel Maritime Gets Go-Ahead To Solicit Votes On Ch. 11 Plan

By Maria Chutchian (December 11, 2013, 3:49 PM EST) -- Excel Maritime Carriers Ltd. got a New York bankruptcy judge's approval Tuesday to solicit creditors' votes on its reorganization plan, which now offers senior lenders a majority stake in the restructured entity and reduces Excel's prepetition debt from $920 million to $300 million....

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