High Ridge Brands is in a confirmed liquidation posture, with the Delaware bankruptcy court having approved HRB Winddown, Inc.’s Second Amended Combined Disclosure Statement and Joint Chapter 11 Plan of Liquidation on October 8, 2020 through the confirmation orderDkt. 619. The case began on December 18, 2019, when High Ridge Brands Co. and affiliated debtors filed Chapter 11 petitions after liquidity pressure, operational disruption in core product lines, and an overlevered balance sheet left the company unable to complete an out-of-court restructuring.
At filing, the debtors described an asset-light personal-care platform with skin cleansing, hair care, and oral care brands, but also a capital structure carrying approximately $263.4 million under first-lien facilities with BMO Harris Bank, $261.0 million of senior unsecured notes, and about $28.7 million of trade liabilities. The first-day declaration tied the filing to weakening performance in hair and skin products, reduced marketing capacity, and a supply shock from the company’s exclusive bar-soap manufacturer, whose price increase and production issues impaired service levels; the debtors also said they had pursued restructuring negotiations, forbearances, a $70 million DIP commitment, and outreach to roughly 125 potential investors before commencing Chapter 11 with a sale process timetable, as set out in the Jones first-day declarationDkt. 2.
The restructuring path ultimately resolved through a liquidation plan rather than a going-concern reorganization. HRB Winddown filed the on October 2, 2020, and the court confirmed that plan six days later in the . A plan supplement notice was served the same day as confirmation through the , leaving the case posture centered on implementing the confirmed liquidation framework rather than pursuing a new sale, financing, or standalone operating turnaround.
