AbitibiBowater To Solicit Creditor Approval For POR

摘要

AbitibiBowater reported that in connection with the company's ongoing creditor protection proceedings, the U.S. Bankruptcy Court for the District of Delaware approved on August 2, the company's solicitation materials for its U.S. plan of reorganization under chapter 11 of the U.S. Bankruptcy Code.The company had obtained on July 9 the Quebec Superior Court's approval for the mailing of solicitation materials and related disclosure documents for its plan of reorganization under the companies' Creditors Arrangement Act (CCAA). These approvals now enable AbitibiBowater to start soliciting votes from creditors to accept or reject its restructuring plans, in accordance with the applicable court orders.