Pretium Packaging, the US-based bottle and jar manufacturer owned by private equity firm Clearlake Capital Group, has reached an agreement with a majority group of lenders to restructure its debt, according to a report by Bloomberg citing unnamed people familiar with the matter.
Under the terms of the restructuring agreement, Clearlake will remain the company’s largest shareholder, while creditors have agreed to support a transaction aimed at stabilising Pretium’s capital structure and allowing...
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