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Constar International completed financial restructuring

June 02/2011

(BUSINESS WIRE) -- Constar International LLC, a leading global producer of PET (polyethylene terephthalate) plastic containers for food and beverages, announced that the Company and its affiliated entities completed their financial restructuring and successfully emerged from Chapter 11 on May 31, 2011. The Company is now named Constar International LLC. The reorganization was completed less than five months from the filing of their Chapter 11 petitions on January 11, 2011. In conjunction with its emergence from Chapter 11, Constar also announced that it had entered into a new financing facility with Wells Fargo to provide the Company with ongoing liquidity.

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