Aleris hearing for final DIP loan approval pushed back

By Jennifer Lanning Drey

Portland, Ore., March 11 - Aleris International, Inc.'s hearing for final approval of its proposed $1.075 billion of debtor-in-possession financing was continued to March 16 by the U.S. Bankruptcy Court for the District of Delaware.

The hearing was originally scheduled for Wednesday.

As previously reported, on Feb. 13, the company obtained interim approval to use $150 million of the financing.

Aleris, a Beachwood, Ohio-based producer of aluminum rolled products and extrusions, aluminum recycling and specification alloy, filed for bankruptcy on Feb. 12. Its Chapter 11 case number is 09-10478.

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