Event Publicly Available Information:
On 15 April, Georgia Gulf Corporation (GGC) announced that it did not make the required interest payments on its 2014 and 2016 notes. The indenture provides for a 30 day grace period. On 13 May, GGC announced that it received forbearance agreements from the requisite holders of the notes to prevent an acceleration of the notes upon the expiration of the grace period. The forbearance agreement expires on 15 June. Links to press releases: April 15 | May 13