date:Apr 09, 2013
Vodka seller Central European Distribution Corp. (CEDC), headed by Russian billionaire Roustam Tariko, filed for U.S. bankruptcy protection amid heavy bond debt and with a pre-approved restructuring plan aimed at cutting about $665.2 million in liabilities.
The company, based in Warsaw, lists a U.S. address in Mount Laurel, New Jersey. It claimed $1.98 billion in assets and $1.73 billion in debt in filings yesterday in U.S. Bankruptcy Court in Wilmington, Delaware. Its shares fell as much as 47