Accuride Corporation and certain affiliates filed chapter 11 petitions on October 9, 2024 in the U.S. Bankruptcy Court for the District of Delaware (Case No. 24-12289 (JKS), jointly administered). Court filings describe Accuride as a supplier of steel and aluminum wheels and wheel end solutions for the medium to heavy-duty commercial vehicle market, with manufacturing facilities in Erie, Pennsylvania; Henderson, Kentucky; Springfield, Ohio; and Rockford, Illinois, plus a distribution center in Joliet, Illinois (Dkt. 16). Filings cited distress drivers including COVID-19 impacts, cost inflation, international disruption, and liquidity constraints, and described approximately $485.6 million of prepetition third-party funded debt and about $6 million of cash at filing (Dkt. 16; Dkt. 326). The debtors obtained court approval for a senior secured superpriority DIP facility of up to $130 million, including up to $37 million of new-money DIP loans, up to $20 million of additional amendment loans, and an approximately $73 million roll-up of bridge/amendment loans, with fees including a 5.00% upfront fee (PIK) on new money and a 2.00% exit fee (Dkt. 24; Dkt. 662). The court entered the confirmation order on February 12, 2025 (Dkt. 704), and the effective date occurred on March 7, 2025 (Dkt. 824). In solicitation materials, ABL claims were projected to recover 100%, term loan claims were projected to recover approximately 22.2% to 39.1%, and general unsecured claims and existing equity interests were projected to recover 0% (Dkt. 326). The reorganized debtor later filed a motion for final decree on December 24, 2025, reflecting post-effective-date administration (Dkt. 1065).
