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Replies to post #10297 on The Rising Influence of Rising Affluence
OakesCS
06/25/15 10:28 PM
#10300 RE: DewDiligence #10297
DewDiligence
12/29/15 11:42 AM
#11757 RE: DewDiligence #10297
Molycorp Inc. laid out the financial facts that it says justifies allowing it to exit chapter 11 bankruptcy in trimmed-down form as opposed to being pushed into a liquidation. The rare-earths company says it would be valued at $252 million at most in a liquidation scenario, far from enough to cover more than $2 billion in debts. Oaktree Capital Group, a major lender, would collect, at most, about half of what it is owed if Molycorp’s bid to exit bankruptcy whole fails, according to estimates in new bankruptcy-court documents.