MPM Silicones, LLC (d/b/a Momentive Performance Materials) Bankruptcy New Filing Alert: Objection To The Motion For Authority To Obtain Debtor-In-Possession Financing

On May 15, 2014, an objection to the motion for authority to obtain debtor-in-possession financing was filed in the bankruptcy case of MPM Silicones, LLC (d/b/a Momentive Performance Materials) and its affiliates.

The filing was assigned docket number 205 and is described on the court’s official docket as follows:

Objection /Joinder of U.S. Bank National Association as Indenture Trustee in the Objection of The Official Committee of Unsecured Creditors to the Debtors Motion to Obtain Postpetition Financing, Use Cash Collateral, and Grant Adequate Protection to the Prepetition Secured Lenders (related document(s)[13], [198], [204]) filed by Susheel Kirpalani on behalf of U.S. Bank National Association. (Kirpalani, Susheel)

MPM Silicones, LLC (d/b/a Momentive Performance Materials) filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on April 13, 2014. The bankruptcy case is pending before the United States Bankruptcy Court for the Southern District of New York . The case number for the lead bankruptcy case is 14-22503. The bankruptcy case is currently assigned to United States Bankruptcy Judge Robert Drain. The law firm of Willkie, Farr & Gallagher LLP is acting as lead bankruptcy counsel to MPM Silicones, LLC (d/b/a Momentive Performance Materials) in the bankruptcy case.

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