Refco subordinated noteholders vote to accept plan of reorganization

By Caroline Salls

Pittsburgh, Dec. 12 - Refco, Inc. balloting agent Jane Sullivan said all holders of the company's senior subordinated notes that voted on its plan of reorganization voted to accept the plan, according to a Tuesday filing with the U.S. Bankruptcy Court for the Southern District of New York.

Specifically, all 54 holders of $289.1 million in subordinated note claims voted to accept the plan.

None of these creditors elected to opt out of the plan treatment under a BAWAG opt-out option.

Refco, a New York-based commodities brokerage company, filed for bankruptcy on Oct. 17, 2005. Its Chapter 11 case number is 05-60006.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.