31 ordspråk av Courtney Pratt

Courtney Pratt

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en I feel more optimistic, ... because we have a solution to the problem of the pension fund, which was an enormous problem.
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en very different from the original Tricap plan.
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en It became pretty clear we weren't going to get any kind of wage concessions from our labour union,
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en It provides a strong platform for restructuring the company. And it moves us closer to the goal of emerging successfully from court protection as a viable steel producer at Lake Erie and in Hamilton.
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en The people who vote on this are the bondholders and they are not supporting this at this stage.
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en That's very significant to us to have certainty around the pension funding.
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en This is positive news for the company, for our stakeholders and for the process itself,
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en We'll do everything we can to achieve an outcome that all parties can support.
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en We believe this plan does have a fighting chance of winning approval on the understanding that it's going to be discussed and probably modified or amended in some way,
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en But it can only be modified or amended in ways that are satisfactory to the other parties.
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en The third quarter results demonstrate the continuing competitive challenge we face and the vital importance of securing a consensual restructuring which will enable us to move forward with our strategic capital program,
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en We had hoped to achieve greater progress towards a consensual plan during the around-the-clock negotiations that have occurred in recent days,
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en This extension will focus everyone's attention on trying to reach an agreement. We continue to believe that such an outcome is the best for everyone concerned.
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en If we can get signed term sheets on these two outstanding issues, that should give everyone confidence that this plan can be implemented.
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en Our focus now turns to working with creditors in search of a deal they can support while retaining the support of the other stakeholders who are onside.
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