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Chassix Modified Plan Garners Support of Creditors’ Committee, Paving Way to Emergence from Chapter 11 Process

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SOUTHFIELD, Mich.--(BUSINESS WIRE)--Chassix Holdings, Inc. today announced that Chassix and its U.S. subsidiaries (together, “Chassix” or the “Company”) have reached agreement with the Official Committee of Unsecured Creditors, the Company’s existing private equity sponsor, and the informal group representing more than 73% of the Company’s secured and 80% of the Company’s unsecured bondholders regarding the terms of a modified restructuring and recapitalization plan for the Company (the “modifi

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