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Latest Constar International Inc. Stories

2008-12-31 13:54:57

Pennsylvania plastic container company Constar International Inc. said it filed for Chapter 11 bankruptcy protection to implement a debt-for-equity swap. The swap will reduce the company's indebtedness by $175 million and annual interest expenses by $19.3 million, the company said. The voluntary filing was submitted to the U.S. Bankruptcy Court in Wilmington, Del. In a statement, President and Chief Executive Officer Michael Hoffman said Constar intended to continue to operate as usual during...


Word of the Day
cruet
  • A vial or small glass bottle, especially one for holding vinegar, oil, etc.; a caster for liquids.
This word is Middle English in origin, and ultimately comes from the Old French, diminutive of 'crue,' flask.
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