Drew McManigle Named as One of the Top 25 Business Restructuring & Turnaround Professionals for 2023
HOUSTON--(BUSINESS WIRE)--Sep 13, 2023--
Source: joplinglobe.com
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Marelli Pushes Back Decision on Sponsor After Talks Stall
(Bloomberg) -- Marelli Holdings Co., the auto-parts supplier seeking to renegotiate its debt, wasn’t able to decide on a sponsor or business restructuring plans for for its turnaround in its meeting with creditors this week, the company said.
Source: bloombergquint.com
KKR-owned Marelli to file for debt reorganization in Japan
Marelli, a key supplier for automakers Nissan Motor Co. and Stellantis NV, had at least ¥1.1 trillion ($9.5 billion) in total debt as of September, sources said.
Source: japantimes.co.jp