Chassix Successfully Completes Prearranged Restructuring And Emerges From Chapter 11 with $300 Million in New Financing

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SOUTHFIELD, Mich.--(BUSINESS WIRE)--Chassix Holdings, Inc. and its U.S. subsidiaries (together, “Chassix” or the “Company”) today announced that Chassix has successfully completed its prearranged restructuring and recapitalization and emerged from Chapter 11 bankruptcy protection. Through its prearranged Chapter 11 plan, Chassix substantially reduced its outstanding debt obligations, secured approximately $300 million in new exit financing, including $150 million from certain of the Company’s p

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