Pretium Packaging, a Missouri-based plastic container manufacturer owned by Clearlake Capital Group, has filed for Chapter 11 bankruptcy in the District of New Jersey as part of a comprehensive plan to restructure its heavily leveraged balance sheet, according to a report by Bloomberg.
The company, which reported assets and liabilities between $1bn and $10bn in court filings, reached a restructuring support agreement with its lenders and Clearlake that will cut more than $900m in debt and inject...
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