Nov 20

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Blog Post: M&G, DIP Lender Slam Creditor Call To Sideline Sale, Loan

by Anonymous

Bankrupt plastics maker M&G USA Corp., its debtor-in-possession lender and top secured creditor hit back Monday at an unsecured creditor's call to delay hearings on the company's bid and sale procedures, warning that the company has no options and dwindling cash.
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