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| CNSTQ.PK > SEC Filings for CNSTQ.PK > Form 8-K on 27-Apr-2009 | All Recent SEC Filings |
27-Apr-2009
Regulation FD Disclosure
Constar International Inc. (the "Company") announced today that more than 98% of ballots cast and claims value voted in favor of the Company and its affiliated debtors' Second Amended Joint Plan of Reorganization (the "Plan") currently pending before the United States Bankruptcy Court for the District of Delaware. The Company is currently completing a routine reforecast of full-year results. In order to allow for sufficient time for the Company to complete the reforecast and for the Creditors' Committee and the Supporting Noteholders (as defined in the Plan) to review the reforecast and the other conditions to confirmation, the Company has rescheduled the confirmation hearing for the Plan of Reorganization from April 28, 2009 to May 4, 2009.
Forward-looking statements
This Current Report on Form 8-K (including the exhibits) may contain
forward-looking statements within the meaning of the federal securities laws,
including statements regarding the intent, belief or current expectations of the
Company and its management which are made with words such as "will," "expect,"
"believe," and similar words. These forward-looking statements involve a number
of risks, uncertainties and other factors, which may cause the actual results to
be materially different from those expressed or implied in the forward-looking
statements. Important factors that could cause the actual results of operations
or financial condition of the Company to differ from expectations include:
(i) the Company's ability to continue as a going concern; (ii) the ability of
the Company to operate pursuant to the terms of any debtor-in-possession credit
facility; (iii) the Company's ability to obtain court approval with respect to
motions in the Chapter 11 Cases; (iv) the ability of the Company to develop,
confirm and consummate one or more plans of reorganization with respect to the
Chapter 11 Cases; (v) risks associated with third parties seeking and obtaining
court approval to terminate or shorten the exclusivity period for the Company to
propose and confirm one or more plans of reorganization, for the appointment of
a Chapter 11 trustee or to convert the cases to Chapter 7 cases; (vi) the
ability of the Company to obtain and maintain normal terms with vendors and
service providers; (vii) the Company's ability to maintain contracts that are
critical to its operations; (viii) the potential adverse impact of the Chapter
11 Cases on the Company's liquidity or results of operations; (ix) the ability
of the Company to fund and execute its business plan; (x) the ability of the
Company to attract, motivate and/or retain key executives and employees; and
(xi) other risks and factors regarding the Company identified from time to time
in the Company's reports filed with the SEC, including the risk factors
identified in its Annual Report on Form 10-K for the year ended December 31,
2008, and in subsequent filings made prior to, on or after today. The Company
does not intend to review, revise, or update any particular forward-looking
statements in light of future events.
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