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alexindef

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alexindef

Re: LicharTin post# 816

Friday, 06/10/2011 3:04:36 PM

Friday, June 10, 2011 3:04:36 PM

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Under the Plan as confirmed by the court, $139 million of senior secured notes and accrued interest at the petition date will be converted to equity plus a $30 million note, and all unsecured creditors will be paid in full. The company's pension will be terminated and assumed by the Pension Benefit Guaranty Corporation (PBGC).

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