Momentive Files Chapter 11

WATERFORD, N.Y.--(BUSINESS WIRE)--Momentive Performance Materials Inc. (“MPM” or “the Company”), a global leader in the development and manufacture of silicones and products derived from quartz and specialty ceramics, today announced that it has entered into a Restructuring Support Agreement (the “Restructuring Support Agreement” or “RSA”) with certain of its key stakeholders regarding the terms of a balance sheet restructuring plan that will strengthen the Company’s financial position by reducing long-term debt and enhancing liquidity.

Read the entire article in the April 17th issue of the Express.