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Solutia receives approval for $2B in financing

Solutia Inc., the bankrupt maker of nylon and plastics, received court approval for $2 billion in financing that will fund its exit from court protection. U.S. Bankruptcy Judge Prudence Carter Beatty approved the loan for the Town & Country-based company. It includes $400 million in revolving credit, a $1.2 billion term loan and a $400 million ...

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