Latest news with #KloecknerPentaplast
Bloomberg
6 days ago
- 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.
Bloomberg
08-02-2025
- Business
- Bloomberg
SVP's Kloeckner Pentaplast Reaches Deal to Extend Bond Maturity
German packaging company Kloeckner Pentaplast reached a deal to extend the maturity of its riskiest slice of debt as inflation and waning demand put pressure on its business. The company, owned by US alternative investment firm Strategic Value Partners LLC, entered into an agreement with about 75% of the holders of the €300 million ($310 million) notes due September 2026, according to a statement on Saturday.
