Vertellus Specialties yesterday fled for voluntary Chapter 11 bankruptcy protection in a bid to restructure debt and solicit bids for the company. Vertellus received downgrades from credit rating agencies in recent months, and missed interest payment in April. Vertellus’ term loan lenders, including Black Diamond Capital Management and BlackRock, have agreed to purchase the company for $453.8 million in a “stalking horse” bid. The bid is meant to provide a foor for an auction for the company in sale process under US bankruptcy law.
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机译：Vertellus Specialties昨天逃避了第11章的自愿破产保护，以重组债务并为该公司进行招标。 Vertellus在最近几个月受到信用评级机构的降级，并在4月未支付利息。 Vertellus的定期贷款贷方，包括Black Diamond Capital Management和BlackRock，已同意以4.538亿美元的价格收购该公司。此次收购意在为根据美国破产法在销售过程中的公司的拍卖活动提供依据。
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