Last updated on April 16, 2014 at 1:21 EDT

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...