Hexion Inc. (Hexion or the Company) today announced that it has entered into a Restructuring Support Agreement (RSA) with the vast majority of holders of each of the Companys notes issuances, representing consensus across its capital structure, on the terms of a consensual financial de-leveraging plan (the Plan) that will strengthen the Companys financial position and accelerate future growth. To implement the RSA, the Company, including substantially all of its U.S. subsidiaries and one non-operating entity based in Nova Scotia, Canada, has voluntarily filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware (the Bankruptcy Court).
All of Hexions global business seg…
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