Prospect News: News for Ormet Corp.

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Market: BK = Bank loans, CV = Convertibles, DD = Distressed Debt, EM = Emerging Markets, HY = High Yield, IG = Investment Grade, LM = Liability Management, MU = Municipals, PP = PIPEs, PF = Preferreds, PV = Private Placements, SP = Structured Products
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Ormet Corp.

12/18/2014	DD	Ormet bankruptcy case dismissed as of Dec. 18; all assets distributed
11/20/2014	DD	Ormet shows operating loss of $414,000 during October, zero revenue
10/23/2014	DD	Ormet gets interim approval of wind-down plan; next hearing Nov. 13
10/20/2014	DD	Ormet sees operating loss of $421,000 for September on zero revenue
10/1/2014	DD	Ormet eyes dismissal of Chapter 11 case, unable to fund plan process
9/25/2014	DD	Ormet gets interim approval of wind-down plan; next hearing Oct. 23
9/22/2014	DD	Ormet reports $317,000 operating loss for August on zero total revenue
8/28/2014	DD	Ormet gets interim approval of wind-down plan: next hearing Sept. 25
8/27/2014	DD	Ormet wins OK for $1.5 million in additional financing, loan extension
8/20/2014	DD	Ormet reports $2.29 million operating loss for July on zero revenue
8/8/2014	DD	Ormet looks for approval of $1.5 million additional DIP financing
7/28/2014	DD	Ormet gets interim approval of wind-down plan; next hearing Aug. 28
7/23/2014	DD	Ormet $25.25 million asset sale to proceed with denial of stay motion
7/18/2014	DD	Ormet $25.25 million asset sale impeded by Steelworkers Trust appeal
7/18/2014	DD	Ormet reports $2.03 million June operating loss on zero total revenue
7/17/2014	DD	Ormet wins court OK of $25.25 million sale of Hannibal facility assets
7/1/2014	DD	Ormet gets interim approval of wind-down plan; further hearing July 28
6/27/2014	DD	Ormet announces $25.25 million high bid for Hannibal assets
6/25/2014	DD	Ormet extends bid deadline for sale of remaining assets to June 26
6/19/2014	DD	Ormet court OKs bid procedures on $15 million sale of remaining assets
6/18/2014	DD	Ormet reports $1.56 million operating loss for May; revenue declines
6/10/2014	DD	Ormet sets bid procedures for $15.25 million sale of remaining assets
5/20/2014	DD	Ormet gets interim approval of wind-down plan; next hearing June 30
4/30/2014	DD	Ormet gets court approval of letter on payoff of revolving DIP loan
4/22/2014	DD	Ormet pays off revolving DIP loan, requests court approval of letter
4/17/2014	DD	Ormet gets interim approval of wind-down plan; next hearing May 20
3/31/2014	DD	Ormet gets interim approval of wind-down plan; next hearing April 17
3/17/2014	DD	Ormet gets interim OK of wind-down plan; next hearing March 31
2/21/2014	DD	Ormet gets interim OK of wind-down plan; next hearing set for March 17
1/13/2014	DD	Ormet gets interim OK of wind-down plan; next hearing set for Feb. 20
12/20/2013	DD	Ormet granted interim access to $3 million of additional DIP financing
12/18/2013	DD	Ormet wins approval of $7.67 million sale of new and used copper rods
12/16/2013	DD	Ormet eyes $5 million of additional DIP financing to fund wind-down
12/12/2013	DD	Ormet granted interim approval of wind-down plan; next hearing Jan. 13
12/10/2013	DD	Ormet receives $7.7 million bid from Libertas for excess copper rods
12/9/2013	DD	USW rally and petitions target Ormet Hannibal, Ohio, smelter closure
12/3/2013	DD	Ormet granted conditional approval of wind-down budget, DIP facility
11/15/2013	DD	Ormet gets OK for changes to Steel Workers union bargaining agreement
11/13/2013	DD	Ormet, Steel Workers reach accord on Hannibal bargaining agreement
11/7/2013	DD	Ormet wins OK for Burnside sale, wind-down plan, DIP facility changes
10/31/2013	DD	Ormet gets reprieve on power supply, seeks OK of financing amendments
10/28/2013	DD	Ormet faces Nov. 1 power loss as judge says wind-down plan too vague
10/25/2013	DD	U.S. Trustee objects to Ormet wind-down plan, requests case conversion
10/17/2013	DD	Ormet pursues wind down plan, surplus asset sale after plant closing
10/16/2013	DD	Ormet wins 120-day exclusivity extension to retrench after failed sale
10/9/2013	DD	Ormet: Buyer won't waive sale agreement conditions after PUCO ruling
10/4/2013	DD	Ormet forced to shut down operations after PUCO transition plan ruling
10/1/2013	DD	Ormet granted final approval for $10 million DIP term loan amendment
9/26/2013	DD	Ormet needs exclusivity extension because of Ohio commission delays
8/22/2013	DD	Ormet wins interim OK to amend DIP term loan; final hearing Sept. 18
8/16/2013	DD	Ormet seeks DIP amendment for $10 million of supplemental financing
7/23/2013	DD	Ormet committee settlement, reduced operations, name change approved
7/15/2013	DD	Ormet requests court approval to curtail smelter, refinery operations
7/3/2013	DD	Ormet seeks settlement OK; unsecured creditors to get $1 million more
7/2/2013	DD	Ormet seeks to change name, case documents following asset sale
6/20/2013	DD	Ormet granted 120-day extension of exclusive period for filing plan
6/3/2013	DD	Ormet wins approval for $130 million asset sale over PBGC objection
5/24/2013	DD	Ormet requests 120-day extension of exclusive period for filing plan
5/9/2013	DD	Ormet cancels auction, names Smelter Acquisition the successful bidder
4/17/2013	DD	Ormet seeks approval of $130 million stalking horse bid for all assets
3/22/2013	DD	Ormet gets final approval for $30 million DIP financing facility
3/21/2013	DD	Ormet wins approval of asset sale procedures; auction set for May 13
3/15/2013	DD	Ormet creditors committee objects to final DIP, bid procedures
3/8/2013	DD	Ormet four-member official unsecured creditors committee appointed
2/27/2013	DD	Ormet granted interim access to $15 million of DIP financing
2/26/2013	BKDDHY	Ormet in bankruptcy; agrees to sell assets to Wayzata funds' company
5/23/2011	BK	Ormet amendment provides for new term loan and revolver expansion
5/16/2011	BK	Ormet secures financing to restart Burnside, La., aluminum plant
3/2/2010	BK	Ormet gets $160 million facility to refinance debt and make pension contributions
2/16/2010	BK	Ormet pushes out facility maturity to March 1, in talks on refinancing
4/15/2008	BK	Ormet gets extension from loan lenders to provide financials and revise covenants
11/2/2007	DDHY	New Issue: Ormet sells $35 million of exchangeable notes
11/7/2005	BK	Aleris to use revolver borrowings for purchase of some Ormet assets
4/1/2005	DD	Ormet emerges from bankruptcy
12/20/2004	DD	MatlinPatterson Global acquires $1.29 million Ormet claim
12/15/2004	DD	Ormet reorganization plan confirmed by court
12/2/2004	DD	MatlinPatterson acquires $13.53 million Ormet claim
12/1/2004	DD	MatlinPatterson acquires $8.1 million Ormet claim
11/30/2004	DD	Ormet earns $8.15 million in October on sales of $53.57 million
11/29/2004	BKDD	Ormet gets commitment for $150 million exit facility from Bank of America
11/11/2004	DD	Ormet's reorganization plan faces confirmation challenges
11/2/2004	DD	Ormet gets conditional relief from collective bargaining at two plants
10/5/2004	DD	Ormet disclosure statement gets court approval; steelworkers offer their own plan
10/1/2004	DD	Ormet funding agreement approved, to issue $30.9 million 11% term notes
10/1/2004	DD	Ormet obtains extension to exclusive periods
9/29/2004	DD	Ormet unsecured creditors' committee says plan funding agreement imminent
9/24/2004	DD	Steelworkers oppose Ormet's funding agreement with MatlinPatterson
9/8/2004	DD	Ormet asks court to extend exclusive right to file plan to Dec. 31
9/2/2004	DD	Ormet files disclosure statement, reorganization plan; old debtholders to get estimated 25.3% recovery
8/31/2004	DD	Rollex withdraws emergency motion to compel Ormet to allow environmental testing
8/25/2004	DD	Rollex files emergency motion, asks court to force Ormet to comply with environmental testing
8/13/2004	DD	Rollex offers $13.25 million for Ormet's Jackson, Tenn., plant
6/29/2004	DD	Court approves Ormet emergency motion to sell Jackson plant
6/24/2004	DD	United Steelworkers object to Ormet selling Jackson, Tenn., plant
6/16/2004	DD	Ormet files emergency motion to sell Jackson, Tenn. coated sheet and foil plant
5/20/2004	DD	Ormet gets extension to exclusivity periods
2/9/2004	DD	Ormet unsecured creditors' committee appointed by U.S. trustee
1/30/2004	BKDDHY	Ormet files for Chapter 11 after restructuring talks fail; obtains $210 million DIP
2/14/2003	BK	Moody's raises Sierra Pacific outlook
2/14/2003	HY	Moody's raises Sierra Pacific outlook
12/20/2002	HY	Moody's cuts Terex
12/20/2002	BK	Moody's cuts Terex
12/18/2002	BK	S&P cuts Nova Chemicals to junk
12/18/2002	HY	S&P cuts Nova Chemicals to junk
6/4/2002	BK	Ormet obtains $160 million senior secured revolving credit facility
5/31/2002	BK	Moody's upgrades Domino's ratings
5/31/2002	HY	Moody's upgrades Domino's ratings
10/10/2001	HY	Moody's calls cable, healthcare, food and drug, and coal safe havens

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