US Wellman extends bankruptcy deadlines again

31 October 2008 21:50  [Source: ICIS news]

HOUSTON (ICIS news)--US polyethylene terephthalate (PET) producer Wellman extended its deadline to receive the exit financing it will need to emerge from bankruptcy protection, the company said on Friday.

Wellman's new deadline is 4 November, the company said. Had Wellman not extended the deadline, it would have defaulted on its existing credit agreements.

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By: Al Greenwood
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