Alkegen Enters Into Restructuring Support Agreement to Eliminate $3.1 Billion of Debt and Strengthen Financial Foundation
Restructuring Support Agreement receives overwhelming support of key financial stakeholders, including 99% of first lien and majority of second lien holders
Company secures approximately $315 million of committed new capital to support operations and position Alkegen for continued industry leadership
Restructuring transactions to be implemented through an expedited prepackaged chapter 11 process
Operations continue as usual throughout restructuring process with no anticipated disruption for customers, suppliers, or partners globally
