Faegre Baker Daniels Represented Indenture Trustee in Cross-Border Insolvency Proceedings

Faegre Baker Daniels represented the indenture trustee of $200 million in second-lien notes in the cross-border insolvency proceedings of Indalex Holdings Finance Inc. and its affiliates. The proceedings, which took place in the U.S. and Canada, involved a settlement between the indenture trustee and the Chapter 7 trustee of Indalex’s bankruptcy estates. The settlement was approved in a trust instruction proceeding in Minnesota state court.

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