Keywords
Citation
(2003), "Viasystems files for bankruptcy protection", Circuit World, Vol. 29 No. 2. https://doi.org/10.1108/cw.2003.21729bab.003
Publisher
:Emerald Group Publishing Limited
Copyright © 2003, MCB UP Limited
Viasystems files for bankruptcy protection
Viasystems files for bankruptcy protection
Keywords: Viasystems, Bankruptcy
Viasystems Inc. has filed for protection under Chapter 11 of the US bankruptcy code, listing assets of and $1.6 billion debts of $1.1 billion.
St. Louis-based Viasystems filed for protection in federal bankruptcy court in southern New York. The company said, in late August it had reached a debt restructuring deal with its banks and debtholders that included a prepackaged, voluntary bankruptcy.
Viasystems has said that restructuring would reduce its debt load to $380 million.
Shares in Viasystems last traded in late April, closing at 13 cents.
(Source: Reuters)