Actionable Opportunities in Special Situations: Spinoffs, Bankruptcy, Restructurings


USEC Inc. $USU anticipates emerging from bankruptcy protection in September

USEC Inc. (NYSE:USU) announced that it will soon begin soliciting holders of USEC’s convertible notes as well as its two preferred stockholders for votes on the Company’s Plan of Reorganization following today’s hearing and order by Judge Christopher S. Sontchi in the United States Bankruptcy Court for the District of Delaware. USEC filed the Disclosure Statement describing the Plan of Reorganization with the court on March 5, 2014, and updated it on June 19. No objections were raised prior to today’s hearing. The solicitation package, including the Disclosure Statement and ballot, will be sent to those entitled to vote as of the record date of July 3, 2014. The deadline for voting is August 11. Source: Filing

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