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The court entered a final decree closing Exide Holdings’ chapter 11 cases, ending the court-supervised wind-down five years after the May 2020 filing and October 2020 plan effective date. The closure followed the Plan Administrator and GUC Trust’s supplemental final decree motion, which said the estates were fully administered after all pending adversary proceedings were dismissed or settled, the remaining China tax matter was resolved in March 2025, and the GUC Trust expected final distributions by the end of July 2025.
The final decree order closes the Wind-Down Estates, requires remaining quarterly reports and U.S. Trustee fees within 30 days, permits destruction or abandonment of physical and digital records, and terminates Kroll’s claims/noticing-agent engagement after transition tasks. The August 14 omnibus hearing that triggered the alert had been set by scheduling order, but the substantive event is the August 13 order: Exide’s post-confirmation case administration is now essentially complete, with only preserved reopening rights and final administrative wrap-up obligations left.
Exide Holdings and four affiliates opened Chapter 11 in Delaware on May 19, 2020, the company’s second filing in seven years. The petition listed 5,001-10,000 creditors, $500 million-$1 billion in assets, and $1 billion-$10 billion in liabilities; Roy Messing of Ankura, the CRO, described a Milton, Georgia battery maker and recycler operating in more than 20 countries with roughly $817.4 million of funded debt and substantial environmental remediation pressure source filing source filing.
The court confirmed the Fourth Amended Joint Chapter 11 Plan on October 16 after a two-day confirmation hearing, turning the case from an operating restructuring into a wind-down and distribution architecture. The plan followed a marketing process supported by a $40 million DIP facility agented by Blue Torch and a Europe/ROW credit bid from an ad hoc noteholder group; confirmation approved the Europe/ROW sale, vested GUC Trust assets, environmental trust assets, Frisco assets, and residual estate property in the appropriate post-confirmation vehicles, and incorporated settlements funding the Environmental Response Trust, Vernon trust, TCEQ/Frisco settlement, GUC Trust, and PBGC source filing source filing.
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