December 15, 2016 / 6:41 PM / 7 months ago

BRIEF-Optima Specialty Steel, Inc. files for reorganization

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Dec 15 (Reuters) - Optima Specialty Steel Inc

* Optima Specialty Steel, Inc. files for reorganization

* Optima Specialty Steel Inc says Commenced a reorganization under chapter 11 in United States Bankruptcy Court for District of Delaware

* Optima Specialty Steel says it currently has sufficient cash on hand to satisfy customary obligations associated with ongoing operations of its business

* Optima Specialty Steel Inc says Company is currently considering several debtor-in-possession financing arrangements

* Optima Specialty Steel Inc says normal day-to-day operations will continue without interruption

* Optima Specialty Steel Inc says currently has sufficient cash on hand to satisfy customary obligations associated with ongoing operations of its business Source text for Eikon: Further company coverage:

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