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MPM Silicones, L.L.C., In re--Apollo Global Mgmt., LLC v. Bokf, NA

MPM Silicones, L.L.C., In re--Apollo Global Mgmt., LLC v. Bokf, NA

Ruling
Lower court erred in using a formula instead of a market rate approach to calculate the interest rate applicable to the replacement notes received by senior-lien notes holders. (2d Cir.)
Issue(s)
Confirmation of Plan; Cramdown; Fairness and Equity; Secured Claims.

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Judge or Jurisdiction information not available
Commercial opinion summary, case decided on October 20, 2017 , LexisNexis #1117-111