Hexion Inc., an adhesives and coatings business whose major shareholder is Apollo Global Management LLC, filed for bankruptcy Monday as it faced $67 million in bondholder interest payments coming due this month.
Hexion, which sought protection from creditors in U.S. Bankruptcy Court in Wilmington, Del., has about 4,000 employees, including 1,300 in the U.S. who work at 27 plants. The company’s adhesives help hold together wind turbine blades and other industrial products, and its coatings prevent corrosion on bridges and other...
RT : Hexion filed for bankruptcy as it faced $67 million in interest payments coming ...
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