Klöckner Pentaplast cuts €1.3bn in debt through Chapter 11 restructuring

Klöckner Pentaplast (kp) has completed its restructuring nether the US Chapter 11 process, resulting successful the removal of astir €1.3bn ($1.5bn) successful funded indebtedness from its equilibrium sheet.

The company’s exit from tribunal oversight follows an injection of €349m successful caller superior arsenic portion of its plans to stabilise ongoing operations.

Ownership of Klöckner Pentaplast has present shifted to a consortium of fiscal partners led by funds affiliated with Redwood Capital Management.

As portion of these changes, CEO Roberto Villaquiran and Michael Kaufman, a spouse astatine Redwood Capital Management, person joined the company’s committee of directors.

The institution besides anticipates the assignment of Andrew Berlin arsenic committee president soon.

Berlin was the president and CEO of Berlin Packaging for much than 30 years earlier the company’s merchantability to Oak Hill Capital Partners.

The process to implicit kp’s committee with further manufacture figures is expected to beryllium finalised successful the coming weeks.

The restructuring follows tribunal support of Klöckner Pentaplast’s reorganisation program by the US Bankruptcy Court for the Southern District of Texas successful December.

The process commenced aft the institution entered a restructuring enactment statement with astir of its fiscal stakeholders successful November 2025.

Villaquiran said: “Today represents the adjacent breathtaking signifier successful kp’s journey, arsenic we look from this process arsenic a financially stronger company. I americium energised by the opportunities ahead, and I americium highly assured that our talented teams volition proceed to physique connected our starring merchandise portfolio and planetary presence.

“We are grateful for the enactment of our caller owners, who proceed to show their assurance successful our concern and aboriginal prospects arsenic we present innovative and sustainable packaging and movie solutions to customers globally.”

"Klöckner Pentaplast cuts €1.3bn successful indebtedness done Chapter 11 restructuring" was primitively created and published by Packaging Gateway, a GlobalData owned brand.

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