Flexible Electronics News

Spansion Reaches Significant Milestone Towards Completing Chapter 11 Restructuring

Motion submitted to bankruptcy court to file plan of reorganization

Author Image

By: DAVID SAVASTANO

Editor, Ink World Magazine

Spansion Inc. has reached another important milestone towards completing its Chapter 11 restructuring with the submission of a motion with the U.S. Bankruptcy Court seeking permission to file its plan of reorganization without the related disclosure statement. Agreement has been reached on the material economic terms of the plan of reorganization with a consortium of holders of the company’s senior secured floating rate notes due 2013 and a committee of the company’s unsecured credit...

Continue reading this story and get 24/7 access to Ink World magazine for FREE


Already a subscriber? Sign in

Keep Up With Our Content. Subscribe To Ink World magazine Newsletters