Optima Specialty Steel plan unanimously OK’d by unsecured noteholders

By Caroline Salls

Pittsburgh, Oct. 11 – Optima Specialty Steel, Inc.’s Chapter 11 plan was unanimously accepted by voting creditors, according to a ballot report filed with the U.S. Bankruptcy Court for the District of Delaware.

Specifically, all 21 holders of $87.6 million in unsecured notes claims voted to accept the plan.

A hearing on approval of plan modifications is scheduled for Oct. 16.

Optima is a Miami-based specialty steel manufacturer. The company filed for bankruptcy on Dec. 15, 2016 under Chapter 11 case number 16-12789.

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