Intermet gets OK for reorganization financing

Aug 15, 2005 | 08:10 AM | Philip Burgert

Automotive castings supplier Intermet Corp. said the U.S. Bankruptcy Court in Detroit had approved a financing plan that would underwrite a $75-million equity investment connected to Intermet's proposed reorganization.

The Troy, Mich.,-based company announced a month ago that the court had denied its initial motion for the financing commitment, but noted that the company had the right to resubmit the motion.....

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