Optima Specialty Steel Plan Summary

 

Put our Chapter 11 expertise & analysis to work for you with BankruptcyData's Plan Summary of Optima Specialty Steel's U.S. Bankruptcy Court-confirmed Third Amended Joint Chapter 11 Plan of Reorganization, as Modified.

 

BankruptcyData offers professionals an affordable and convenient way to view extensive real-time and historic information about corporate bankruptcy filings--including detailed, reliable summaries for Chapter 11 Plans.

We filter down all of the information to produce a Plan Summary report that is 8 to 38 pages in length (depending on the complexity of the bankruptcy case). This concise synopsis offers a reliable overview of the entire bankruptcy reorganization process without bogging you down with hundreds of pages of "legalese."

Optima Specialty Steel's Plan Summary explains, "The Third Amended Joint Chapter 11 Plan of Reorganization, as Modified provides for a comprehensive reorganization of the Debtors that will recapitalize the Debtors’ balance sheet and ensure that the Debtors emerge from bankruptcy with a robust capital structure. The Plan will leave creditors (other than Holders of a Class 3-A Claim) unimpaired, paying fixed, undisputed and liquidated claims in full in cash and reinstating contingent, disputed or unliquidated claims. The Debtors believe that the Plan will enable them to emerge quickly from chapter 11 as a financially stronger enterprise that can thrive in the marketplace and maintain its ongoing business relationships with all of their constituencies, including vendors, suppliers, employees, and pensioners. Specifically, to achieve the balance sheet restructuring provided for in the Plan, the Debtors will convert the Unsecured Notes Claims, over $87.55 million of unsecured debt, held by certain investment funds and accounts managed by DDJ Capital Management, LLC to 100% of the New Common Stock in the Reorganized Optima."

Premium Subscribers have immediate access to the 38-page Plan Summary for Optima Specialty Steel's Third Amended JOint Chapter 11 Plan of Reorganization, as Modified. 

Work smarter instead of harder with BankruptcyData's Plan Summaries, which include the following:

OVERVIEW OF COMPANY HISTORY, CURRENT OPERATIONS & EVENTS LEADING TO CHAPTER 11
REVIEW OF BANKRUPTCY CASE ACTIVITY & SIGNIFICANT POST-PETITION CORPORATE CHANGES 
PLAN SYNOPSIS PLUS DETAILED BREAKDOWN OF CLAIM TREATMENTS & RECOVERIES BY CLASS 
 

Premium Subscription

$1250 annually

Single User

IN ADDITION TO PLAN SUMMARIES, Benefits ALSO include:

Daily email of bankruptcy filings +
Case information on over 500,000 bankruptcies+
Industry's most extensive database of public company bankruptcies+
Court documents +
Extensive professional retention information+
Streaming Bankruptcy Court dockets+
Bankruptcy Week +
Bankruptcy Daily +
Export all query results in Excel+
Customizable subscriber dashboard +
Search Court dockets by specific events+
 

The Media's Most Trusted Source for Bankruptcy Information