Restructuring Plans · glossary
A group of creditors whose rights are close enough for them to vote on the plan together. Each class votes at its own meeting. Valkenrade has two: the bank for its €150 million, and the noteholders for their €300 million. Explanatory Statement, paragraph 4.1 · Chapter 1 · see Cram down, Plan meeting
Explained in Chapter 1, What a Restructuring Plan Is and Why a Company Uses One, of Restructuring Plans.
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