Tuesday, January 06, 2009

Constar files for reorganization under Chapter 11 in U.S. Bankruptcy Court

Leading global producer of PET bottles, Constar International Inc and certain of its subsidiaries recently filed for reorganization under Chapter 11 in the U.S. Bankruptcy Court in order to reduce itss outstanding indebtedness by US$175 mln and reduce its annual interest expense by approximately US$19.

For more details on Constar files for reorganization under Chapter 11 in U.S. Bankruptcy Court click here

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