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Key creditors reject Algoma restructuring plan

Article Abstract:

Sault Ste Marie, Ont.-based Algoma Steel Inc.'s restructuring plan has met with stiff opposition from the steel producer's major creditors. Algoma Steel, which has $349 million in junk notes, is led by chief restructuring officer Hap Stephen.

Author: Keenan, Greg

Publisher: Bell Globemedia Interactive
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2001

Organizational history

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Noteholders latest to assail Algoma restructuring plan

Article Abstract:

Algoma Steel's restructuring plan under fire. The author examines the continuing battle between the union which owns 25 percent of the company and the balance of the stockholders over how restructuring should proceed.

Author: Keenan, Greg

Publisher: Bell Globemedia Interactive
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2001

Financial management, Investor Relations, Company Profile, Labor unions, Union dues

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Subjects list: Canada, Finance, Steel industry, Algoma Steel Inc.

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