O-I Glass Inc

+0.88 (+6.26%)
4:00:00 PM EDT: $14.97 +0.03 (+0.20%)
Debt Financing / Related, Restructuring / Reorganization, Bankruptcy / Related

Paddock Enterprises Llc Plan Of Reorganization Confirmed By U.S. Court

Published: 05/27/2022 11:31 GMT
O-I Glass Inc (OI) - Paddock Enterprises, Llc Plan of Reorganization Confirmed by U.S. Court.
O-i Glass Inc - Subsidiary Expects to Emerge From Chapter 11 in Mid-2022.
O-i Glass Inc - Paddock Next Will Seek United States District Court for District of Delaware's Affirmation of Bankruptcy Court's Order.
O-i Glass Inc - Plan Received Support of Paddock's Asbestos Claimants With More Than 99 Percent Voting in Favor.
O-i Glass Inc - Asbestos Trust Will Be Funded With Cash and Other Consideration Totaling $610 Million.