Restructuring Help Oath to release Corporate’s funded debt by means of roughly €1.3 billion
Initiates voluntary prepackaged United States Bankruptcy 11 procedure to put in force phrases of contract
Operations proceeding with out interruption throughout Corporate’s world footprint
Secures €215 million in untouched financing to backup industry all through Court docket-supervised procedure
LONDON, Nov. 4, 2025 /PRNewswire/ — Klöckner Pentaplast (“kp” or the “Company”), a world chief in inflexible and versatile packaging and forte movie answers, these days introduced that it has entered right into a Restructuring Help Oath (“RSA”) with an important majority of its monetary companions at the phrases of a complete monetary restructuring plan. The restructuring plan will considerably release the Corporate’s funded debt by means of roughly €1.3 billion, which is able to meaningfully improve the Corporate’s stability sheet and fortify kp’s monetary flexibility shifting ahead. Underneath the phrases of the RSA, following the consummation of the restructuring plan, possession of the Corporate will transition to positive of kp’s monetary companions.
To put in force the restructuring plan pondered underneath the RSA, kp and sure of its subsidiaries and associates have cheerfully initiated a prepackaged Bankruptcy 11 procedure in america Chapter Court docket for the Southern District of Texas (the “Court”). Bankruptcy 11 is a US felony procedure that businesses worth to lift capital, restructure their funds, and regulate possession and industry constructions future they proceed to function as standard. kp intends to finish the monetary restructuring procedure as briefly and successfully as conceivable future proceeding to function within the familiar route and not using a interruption to ongoing operations.
“The steps we are taking today will provide kp with new owners and a stronger financial foundation to continue driving innovation, delivering sustainable packaging and films, and responding to the needs of our customers with agility and excellence,” stated Roberto Villaquiran, Important Govt Officer of kp. “Our operations worldwide are continuing without interruption, and the support of our financial partners demonstrates their confidence in our business and the opportunities ahead. We thank our customers, suppliers, and business partners for their ongoing partnership and support, and our employees for their continued hard work and dedication. We are confident that we will emerge from this process better positioned than ever and look forward to further growing our leading portfolio, driving cutting-edge innovation, and bolstering the integral role we play in the customer value chain.”
Extra knowledge
In reference to the United States Bankruptcy 11 procedure, kp has won loyalty for €215 million in untouched debtor-in-possession (“DIP”) financing from positive of its monetary companions. Upon Court docket kindness, this DIP financing, in conjunction with money generated from ongoing operations, will backup the industry and allow the Corporate to fulfill its duties all through the restructuring procedure.
Underneath the phrases of the RSA, the Corporate totally expects to pay distributors, providers, and industry companions in complete for items won and products and services equipped ahead of and later the submitting. kp has filed plenty of commonplace ‘first-day’ motions with the Court docket, in search of to guard uninterrupted operations and guard its flow and past loyalty to staff, distributors, providers, consumers, and alternative stakeholders.
kp’s entities in refer to international locations aren’t integrated in the United States Bankruptcy 11 procedure: Argentina, Belarus, Brazil, Canada, China, Czech Republic, Egypt, Bharat, Italy, Jersey, Mexico, Poland, Portugal, Russia, Switzerland, Thailand, Turkey, and UAE. Moreover, positive kp entities in Germany, Luxembourg, Netherlands, Spain, UK, and USA aren’t integrated on this procedure.
Extra knowledge relating to kp’s US Court docket-supervised procedure is to be had at advancingkp.com.
Court docket filings and alternative knowledge matching to the lawsuits are to be had on a isolated web page administered by means of the Corporate’s claims agent, Stretto, at https://cases.stretto.com/Klockner; by means of calling Stretto representatives toll-free at (833) 212-0915, or +1 (949) 273-2457 for shouts originating out of doors of the United States or Canada; or by means of emailing [email protected].
Advisors
Kirkland & Ellis is serving as felony suggest, PJT Companions is serving as funding banker, and Alvarez & Marsal is serving as restructuring guide to kp. Joele Frank, Wilkinson Brimmer Katcher is serving as strategic communications guide.
About Klöckner Pentaplast
Taken with turning in its optic: The Sustainable Coverage of On a regular basis Wishes, kp is a world chief in inflexible and versatile packaging and forte movie answers, serving the pharmaceutical, scientific tool, meals, beverage and card markets, among others. With a extensive and leading edge portfolio of packaging and product motion pictures and products and services, kp performs an integral position within the buyer worth chain by means of safeguarding product integrity, assuring protection and shopper condition, bettering sustainability, and protective logo popularity. kp’s “Investing in Better” sustainability technique solidifies its loyalty to attaining ten cloudless objectives for long-term development by means of expanding the recycling and recyclability of goods, slicing carbon emissions and steady development in worker engagement, protection, and variety, fairness and inclusion.
For 5 consecutive years, kp has held a gold score from EcoVadis, the chief platform for environmental, social and moral efficiency scores. This ranks kp within the manage 1% of businesses rated within the production of plastics merchandise sector.
Based in 1965, kp has 27 crops in 16 international locations and employs over 5,000 public dedicated to serving consumers international in over 60 places. kp is proud to be celebrating its sixtieth yearly in 2025.
For more info seek advice from: www.kpfilms.com
Media contacts:
Michael Freitag / Aaron Palash / Air of secrecy Reinhard
Joele Frank, Wilkinson Brimmer Katcher
+1 212-355-4449
[email protected]
Hilary Barnes
Staff Director, International Communications
[email protected]
SOURCE Klöckner Pentaplast
