Corporate Trust

On October 24, 2014, Momentive Performance Materials Inc. ("Momentive") announced that it had successfully completed its financial restructuring and emerged from Chapter 11.  Seth H. Lieberman and Patrick Sibley of Pryor Cashman’s LLP’s Bankruptcy, Reorganization and Creditors’ Rights Group represented Wilmington Savings Fund Society, FSB ("WSFS"), as successor indenture trustee to more than $1.3 billion in second lien notes.  Central to Momentive’s emergence from Chapter 11 was a $600 million equity infusion made by certain stakeholders for which WSFS is the successor indenture trustee.