Westinghouse files for Chapter 11 protection in US and secures $800M in DIP financing to fund operations

Green Car Congress
By mmillikinMar 29, 2017, 10:16 am140 pts
Westinghouse Electric Company and certain of its subsidiaries and affiliates, filed voluntary petitions under Chapter 11 of the US Bankruptcy Code. The company is seeking to undertake a strategic restructuring as a result of certain financial and construction challenges in its US AP1000 power plant projects.…

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