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Oaktree Poised to Take Over Almatis in Debt-for-Equity Exchange

This takes place under the terms of a USD 1 billion debt restructuring. The plan, which has been approved by two thirds of the Frankfurt-based company’s senior lenders, will allow Almatis to cut its debt to about USD 420 million and seek protection from creditors under Chapter 11 bankruptcy, according to the presentation. (03/2010)


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