Horsehead Holding Corp. and Certain of Its Subsidiaries Commence Voluntary Restructuring

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Horsehead Holding Corp. and Certain of Its Subsidiaries Commence Voluntary Restructuring

Horsehead Holding Corp. and Certain of Its Subsidiaries Commence Voluntary RestructuringOperations to Continue While they Restructure to Gain Greater Financial Strength and Operational Flexibility

PITTSBURGH–(BUSINESS WIRE)–Horsehead Holding Corp. (Nasdaq:ZINC) announced today that it and certain of its subsidiaries (collectively, the “Company”) have filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”).

Jim Hensler, President and Chief Executive Officer of the Company, said: “The actions we are announcing today represent an important step that we believe will allow us to restructure the Company’s balance sheet for the long-term. Filing for Chapter 11 protection is the best available option to preserve stakeholder value. We intend to emerge with increased financial flexibility and a capital structure that will enable us to invest in growing our business.”

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