Accuride Corporation (OTC:AURDQ) has requested a court approval for the company’s disclosure statement and reorganization plan. The case is In re Accuride Corp, US Bankruptcy Court, District of Deleware, No. 09-13449. According to the company’s reorganization plan, ownership of the company’s money will go to its creditors to extend the maturity and reset the interest rate of $300 million of the company’s existing bank loans.
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Accuride Corporation manufactures and supplies commercial vehicle components in North America. Its products include commercial vehicle wheels, wheel end components and assemblies, truck body and chassis parts, seating assemblies, and other commercial components. The company operates within seven business segments that are focused on the design, manufacture, and distribution of components for trucks trailers and other vehicles.
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