US EditionAccuride Successfully Emerges from Restructuring Process and Announces Leadership Transition
- Accuride Corporation has completed its restructuring process and emerged from Chapter 11, equitizing over $400 million in funded debt and reorganizing approximately $170 million in additional obligations.
- Geoff Bruce has been appointed as Interim CEO, succeeding Robin Kendrick, who will continue as a director on Accuride's reconstituted Board.
- Accuride's lenders have become the new owners following the company's restructuring.
- The new capital structure includes $70 million in asset-based lending and over $95 million in an exit facility to support long-term growth.
Insights by Ground AI
Does this summary seem wrong?
20 Articles
20 Articles
All
Left
1
Center
10
Right
1
Coverage Details
Total News Sources20
Leaning Left1Leaning Right1Center10Last UpdatedBias Distribution83% Center
Bias Distribution
- 83% of the sources are Center
83% Center
C 83%
Factuality
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
