Tronox Emerges From Complex Ch. 11 Case

"Chemical pigment manufacturer Tronox Inc. has concluded a 25-month bankruptcy stay backed by a $735 million exit financing.

'This was an incredibly complex Chapter 11 case because of significant environmental liability issues in more than 20 states, involving the federal government, various creditor groups and even the Navajo Nation,' said debtor counsel Jonathan Henes of Kirkland & Ellis LLP in New York.

Henes, Richard Cieri and Nicole Greenblatt of Kirkland & Ellis in New York and Patrick Nash Jr. in Chicago are lead counsel to the debtor. Jeanne Cohn-Connor of the firm's Washington office is Tronox's environmental counsel concerning the EPA and Navajo Nation settlement."

This article appeared in its entirety in the February 15, 2011 edition of The Deal Pipeline.