Algoma Steel Inc.: Noteholders Approve Plan.Business Editors SAULT STE. MARIE Sault Sainte Marie — pronounced "Soo Saint Marie" (IPA /su seɪnt məˈɹi/) — is the name of two cities on the Saint Marys River, which forms part of the boundary between the United States and Canada. , Ontario--(BUSINESS WIRE)--Dec. 10, 2001 Algoma Steel Inc. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :ALG ALG antilymphocyte globulin. ALG antilymphocyte globulin. ALG Antilymphocyte globulin, see there .) announced that it has filed a third amended and restated Plan of Arrangement and Reorganization with the Court under the Companies' Creditors Arrangement Act (CCAA CCAA Comunidades Autónomas CCAA China Center of Adoption Affairs CCAA Companies' Creditors Arrangement Act (Canada) CCAA California Collegiate Athletic Association CCAA Commercial Collection Agency Association ). The changes set out in the third amended Plan are the result of lengthy negotiations between representatives of the key stakeholder groups that took place over the weekend. Under the third amended Plan, the interest rate on the new U.S.$125 million notes has been increased from 9.5% to 11%. The noteholders approved the third amended Plan at an adjourned meeting today. Algoma will call new meetings of the other classes of creditors to vote on the third amended plan on an early date. Algoma Steel Inc., based in Sault Ste. Marie, Ontario For the city of Sault Ste. Marie in Michigan, or the Canadian federal and provincial electoral districts of the same name, see: Sault Ste. Marie. Sault Ste. Marie (nicknamed "the Sault" or "the Soo") is a city on the St. Marys River in Ontario, Canada. , is Canada's third largest integrated steel producer. Revenues are derived primarily from the manufacture and sale of rolled steel products, including hot and cold rolled sheet and plate. |
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