Kleopatra Finco S.a r.l. is the Luxembourg-domiciled holding company for Klöckner Pentaplast, a leading global manufacturer of rigid and flexible plastic packaging solutions founded in 1965. The company operates 31 manufacturing plants across 18 countries, employing over 5,700 workers and generating approximately EUR 2 billion in annual revenue. Klöckner Pentaplast produces packaging for food, pharmaceutical, medical device, consumer, and industrial applications for major global brands. The company, owned by Strategic Value Partners since 2012, filed a prepackaged Chapter 11 case on November 4, 2025 in the Southern District of Texas (Case No. 25-90642) to address a highly leveraged balance sheet following multi-year contraction in the packaging industry, European energy crisis impacts, and an inability to refinance EUR 1.85 billion in first-lien debt maturing in 2026. At filing, the Debtors carried approximately EUR 2.32 billion in funded debt across senior facilities, first lien notes, second lien notes, a bridge loan, and an SVP additional term loan. The Debtors obtained a EUR 984 million DIP facility comprising EUR 349 million in new money and EUR 635 million in roll-up financing at SOFR/EURIBOR + 3% cash + 3% PIK. The prepackaged plan was confirmed on December 16, 2025 (42 days) with 99.75% first lien and 99.46% second lien acceptance, eliminating approximately EUR 1.3 billion of debt (56% reduction). First lien claimholders received 100% of the reorganized equity, second lien received EUR 17.5 million in exit financing, and general unsecured creditors were paid in full. The company emerged on January 30, 2026.