The court discusses the appropriate interest rate for lenders in the MPM Silicones bankruptcy case. The First-Lien Note holders argue they would have received $150 million more with market rates, while the 1.5-Lien Note holders claim the court's rate undervalued their notes. The court concludes that the lower courts erred by not considering market rates and remands the case to determine if an efficient market rate exists.
documents/vol00010-efta01358967-pdf.pdf
{"title":"In re MPM Silicones, LLC","key_people":["Judge Drain","Judge Briccetti"],"document_date":"2017","document_type":"legal","document_subtype":"court opinion","key_organizations":["MPM Silicones, LLC","Bank of America","GMAC","American HomePatient"],"reference_numbers":["874 F.3d 787","2017 U.S. App. LEXIS 20596","Bankr. L. Rep. (CCH) P83,176","64 Bankr. Ct. Dec. 216"]}