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BRIEF-ESSAR STEEL ALGOMA SECURES DEBTOR-IN-POSSESSION EXTENSION
February 6, 2017 / 8:03 PM / 8 months ago

BRIEF-ESSAR STEEL ALGOMA SECURES DEBTOR-IN-POSSESSION EXTENSION

Feb 6 (Reuters) - Essar Steel Algoma Inc

* ESSAR STEEL ALGOMA SECURES DEBTOR-IN-POSSESSION EXTENSION

* DIP HAS BEEN EXTENDED TO MARCH 31, 2017, WITH OPTION OF A FURTHER THIRTY-DAY EXTENSION

* STAY OF PROCEEDINGS HAS BEEN EXTENDED TO MARCH 31, 2017 TO CORRESPOND TO EXTENSION OF DIP

* CONTINUE TO OPERATE BUSINESS AS USUAL WHILE WE LOOK TO ENGAGE IN TALKS WITH UNION IN “PURSUIT OF AGREEMENT THAT WORKS FOR ALL PARTIES” Source text for Eikon: Further company coverage:

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