古板至爱MCP要破产了# Stock
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Molycorp has filed for Chapter 11 bankruptcy protection along with its North
American subsidiaries to restructure $1.7B of debt in its U.S. and Canadian
operations.
The company has also obtained agreement for up to $225M in new debtor-in-
possession financing. The plan marks a dramatic turn for Molycorp (NYSE:MCP)
, which rode temporary concerns of a shortage in rare earths elements to a $
6B market capitalization in 2011, but has since then faced an oversupplied
market.
American subsidiaries to restructure $1.7B of debt in its U.S. and Canadian
operations.
The company has also obtained agreement for up to $225M in new debtor-in-
possession financing. The plan marks a dramatic turn for Molycorp (NYSE:MCP)
, which rode temporary concerns of a shortage in rare earths elements to a $
6B market capitalization in 2011, but has since then faced an oversupplied
market.
