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What exactly will the new law do that is different?
For one, the new Bill seeks to consolidate all existing laws.
With up to an estimated $500 million in debt, lenders have agreed to a loan of up to $135 million to fund its operations.
Current noteholders include Silver Point Capital, Melody Capital Partners and funds affiliated with KKR Credit Advisors, according to the court papers.
Four, once a resolution is passed, the committee has to decide on the restructuring process that could either be a revised repayment plan for the company, or liquidation of the assets of the company.