Solutia Inc. this morning announced that it has emerged from Chapter 11 bankruptcy protection after receiving $2.05 billion in exit financing.

The financing was provided by Citigroup Inc., Goldman Sachs Group Inc. and Deutsche Bank AG. Solutia, based in Town…

Solutia Inc. says it received court approval of its bankruptcy exit financing and related matters.

Under this exit financing agreement, Citigroup Global Markets Inc., Goldman Sachs Credit Partners L.P., and Deutsche Bank Securities Inc. will fund Solutia’s $2.05 billion exit financing package…

Solutia Inc. and its banks reached a settlement on a $2 billion loan package that clears the way for the company to end its four-year-old bankruptcy reorganization on Thursday.

The settlement ends a dispute between Solutia and its banks — Citigroup Inc., Deutsche…

Bankrupt chemical maker Solutia Inc. has settled its lawsuit against major investment banks that had pulled out of a critical financing deal, Bloomberg News reported today.

However, the Bloomberg report had no details of the settlement. Citing court records, the…