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UPG Enterprises LLC Announces Next Steps in Sale Process
Source: PR Newswire
M&A & RestructuringCredit & Bond MarketsCompany Fundamentals
UPG filed voluntary Chapter 11 petitions for certain U.S. operations to facilitate free-and-clear asset sales. The company arranged up to $6.1 million in new and continuing financing to maintain operations during the restructuring and seek to maximize stakeholder recoveries. UPG said its international operations are not included in the Chapter 11 cases.
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