Robertshaw: $650M Debt Cut in Lender-Led Sale
Robertshaw US Holding Corp. filed chapter 11 in S.D. Texas Feb. 2024 with $832M in funded debt. A lender-led credit-bid sale to Bain Capital, Canyon Partners, and Eaton Vance eliminated ~$650M in debt. The confirmed liquidation plan funded an $11M GUC pool and $10M deficiency pool.