Hancock County— Wellman announced on 31 Jan. that it had completed the necessary requirements to emerge from bankruptcy and has emerged as "Reorganized Wellman," a private company (PCN, 19 Jan 09, p 4). Plan sponsors Sola Ltd. and BlackRock Financial Management Inc. have invested $35-million in exchange for 50% of the voting power in Reorganized Wellman. The other 50% has been provided to the old first and second lien holders in consideration for extinguishing their pre-petition debt.
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机译:汉考克县-威尔曼(Wellman)于1月31日宣布,它已经完成了摆脱破产的必要条件,并已成为私营公司“重组威尔曼”(PCN,09 Jan 19,p 4)。计划的发起人索拉有限公司和贝莱德金融管理公司已投资3500万美元,以换取重组威尔曼公司50%的投票权。其余的50%已提供给第一和第二留置权旧持有人,以消除他们的请愿前债务。
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