Solutia has also agreed to dismiss the lawsuit, with prejudice, that it filed on February 6, 2008 against the banks once the exit financing is funded.
The parties have agreed to request that the U.S. Bankruptcy Court for the Southern District of New York authorize the parties to enter into the revised exit financing package and find that the revisions are substantially consistent with the order confirming the company's plan of reorganization that was previously approved by the court on November 29, 2007. A hearing has been set for Tuesday, February 26, 2008 at 10:00 a.m. EST to obtain these necessary court actions.
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.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "UBM China (Shanghai)")
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
