Metaldyne Pushes To Buy Back Debt, Prepares Prepack

07 Nov 2008

Metaldyne has opted not to pay a Nov. 1 interest payment on its 2013 senior notes, further nudging bondholders to approve a proposed buyback of $392.2 million of bonds coming due in 2012 and 2013.

Metaldyne has opted not to pay a Nov. 1 interest payment on its 2013 senior notes, further nudging bondholders to approve a proposed buyback of $392.2 million of bonds coming due in 2012 and 2013. The company is also preparing a prepackaged bankruptcy. The company is offering 10.6 ...

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