International Aluminum Restructures

Marino, Jonathan
January 2010
Mergers & Acquisitions Report;1/11/2010, Vol. 23 Issue 2, p19
The article reports on the decision of International Aluminum Corp. to consider reorganizing over 70% of its debt after applying for voluntary Chapter 11 bankruptcy protection in the U.S. on January 5, 2010. The company stressed that the reduction in its revenue during the economic downturn has affected its operations. It was noted that Moelis & Co. acts as financial advisor while Weil, Gotshal & Manges plays the role of a legal counsel in the restructuring deal of the firm and its subsidiaries.


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