Constar Files For Ch. 11 Eyeing Debt-For-Equity Swap
Philadelphia-based Constar filed a Chapter 11 petition in the U.S. District Court for the District of Delaware, listing assets of $420 million and $538 million in debt, as well as a disclosure statement with the proposed restructuring plan attached.
Constar also filed numerous motions, asking the court to jointly administer the Chapter 11 proceedings of Constar and five...
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