Ropes & Gray Advises 2nd Lien Lenders in Out-of-Court Restructuring of Petmate
March 22, 2024
March 22, 2024
BOSTON, Massachusetts, March 22 -- Ropes and Gray, a law firm, issued the following news:
Ropes & Gray represented a group of second lien lenders to Petmate, a supplier and manufacturer of pet products, in its 100% consensual reorganization, ensuring a sustainable long-term capital structure. The transaction was announced in a March 20 press release.
The transactions contemplated by the agreement will reduce the Company's debt by over 80%, eliminating over $600 . . .
Ropes & Gray represented a group of second lien lenders to Petmate, a supplier and manufacturer of pet products, in its 100% consensual reorganization, ensuring a sustainable long-term capital structure. The transaction was announced in a March 20 press release.
The transactions contemplated by the agreement will reduce the Company's debt by over 80%, eliminating over $600 . . .