The Lycra Company Completes Chapter 11 Restructuring with $1.2 Billion Debt Reduction
The Lycra Company has successfully emerged from Chapter 11 bankruptcy after reducing over $1.2 billion in long-term debt and securing more than $75 million in new equity funding through a prepackaged reorganization process. The restructuring allowed the company to maintain normal operations while transitioning control to its new equity owners, which include global investment funds.
Topics: capital structure chapter 11 bankruptcy debt reduction restructuring