W.R. Grace to make $17.8 million April pension plan contribution

By Rebecca Melvin

New York, Feb. 12 - W.R. Grace & Co. asked for court approval of a required $17.8 million contribution to its benefit pension plans due April 15, according to a Monday filing with the U.S. Bankruptcy Court for the District of Delaware.

The amount could be less depending on the final amount calculated specifically for the 2008 plan year, which will be included in the final 2008 actuarial report, according to the filing.

W.R. Grace contributed $48.5 million to its pension plans covering U.S. employees in 2003; about $20 million in 2004; $24.1 million in 2005; $101.4 million in 2006; $76 million in 2007; and $14.8 million in January, according to the filing.

W.R. Grace, a Columbia, Md.-based specialty chemicals company, filed for bankruptcy on April 2, 2001. Its Chapter 11 case number is 01-01139.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.