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Auto Parts Supplier Marelli Plans Chapter 11 Bankruptcy Filing
Auto Parts Supplier Marelli Plans Chapter 11 Bankruptcy Filing

Bloomberg

time10-06-2025

  • Automotive
  • Bloomberg

Auto Parts Supplier Marelli Plans Chapter 11 Bankruptcy Filing

Marelli Holdings Co., the struggling auto parts supplier for Nissan Motor Co., Stellantis NV and other carmakers, plans to seek Chapter 11 bankruptcy protection in the US to slash its debt burden and restructure under new ownership, according to people familiar with the matter. Should the proposal go through, global investment firm Strategic Value Partners LLC, led by Victor Khosla, will effectively become the new owner of Marelli after it led a deal that satisfied creditors, one of the people said, who asked not to be identified because the information isn't public.

SVP, Lenders in Advanced Talks to Extend Kloeckner's Senior Debt
SVP, Lenders in Advanced Talks to Extend Kloeckner's Senior Debt

Bloomberg

time02-06-2025

  • Business
  • Bloomberg

SVP, Lenders in Advanced Talks to Extend Kloeckner's Senior Debt

Strategic Value Partners and a group of creditors of Kloeckner Pentaplast are in advanced talks to extend the maturity of the German packaging company's senior debt beyond next year as inflation and waning demand pressure its business, according to people with knowledge of the matter. As part of the discussions, the group of senior creditors have asked the US alternative investment firm —which is the controlling shareholder of the company — to inject about €300 million ($343 million) of equity into Kloeckner Pentaplast, said the people, who asked not to be identified discussing private information. The creditor group is being advised by Gibson Dunn & Crutcher and Houlihan Lokey Inc.

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