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0.000657894736842091 0.000986842105263078 0.000328947368420987 0.00197368421052627 0.00263157894736836 0.00493421052631574 0.00296052631578947 0.00131578947368418
Stock impact report

Pretium Packaging secures agreement with lenders on debt restructuring – report [Yahoo! Finance]

O-I Glass, Inc. (OI) 
Last o-i glass, inc. earnings: 4/28 04:20 pm Check Earnings Report
Company Research Source: Yahoo! Finance
US-based private equity company Clearlake Capital Group will retain its status as the principal shareholder under the newly signed arrangement with creditors, the unnamed sources indicated. Pretium is currently engaging with additional creditors, requesting that they sign non-disclosure agreements prior to reviewing details of the proposed transaction. Company representatives for both Pretium and Clearlake did not respond to requests for comment. Since Clearlake acquired Pretium in 2020 , the packaging manufacturer has experienced a reduction in sales due to decreased consumer demand and inflationary pressures. Its financial results have also been affected by a considerable interest expense. The report added that under the restructuring terms, there is a possibility that Clearlake and current lenders could contribute further capital. According to the sources, trade vendors are expected to be paid as business continues. In 2024, Pretium appointed James Rooney as CEO. Roo Show less Read more
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