Kramer Levin has been selected as counsel to the official committee of unsecured creditors of Hexion Inc. Burdened by approximately $3.8 billion of debt, near-term maturities and liquidity issues, the company sought Chapter 11 protection in federal court in Wilmington, DE, on April 1, 2019, with an RSA supported by various secured and unsecured noteholder groups. The seven-member committee consists of Pension Benefit Guaranty Corporation, The Bank of New York Mellon, Southern Chemical Corporation, Mitsubishi Gas Chemical America Inc., Sumitomo Corporation of Americas, Agrium US Inc. and PVS Chloralkali Inc. The Kramer Levin team is led by Bankruptcy and Restructuring partner Kenneth H. Eckstein and includes associates Rachael Ringer, David Z. Braun, Nancy Bello and Michael Vatcher.