Restoration Forest Products Group, LLC is a vertically integrated wood processor and forest restoration company based in Northern Arizona, operating a 425,000 square foot manufacturing facility in Bellemont with sawmill, dry kilns, planer mill, and engineered wood product capabilities. The company operates under a U.S. Forest Service stewardship contract (Four Forest Restoration Initiative) to restore 2.4 million acres of ponderosa pine forests across four Arizona national forests. At petition on January 29, 2024, the company carried approximately $367 million in funded debt (bridge loan, Series A and B bonds with PIK components, and Lateral loan agreement debt). The debtors obtained $93.34 million in DIP financing (consisting of $29 million new money and a $64.34 million roll-up of the bridge loan). The prepackaged plan was confirmed on March 27, 2024—a 57-day process—and became effective April 10, 2024. Under the plan, bridge loan and Series A bondholders received New Class A Units in the reorganized entity, while Series B bondholders received New Class B Units (both subject to management incentive plan dilution). Invesco Senior Secured Management became the new majority owner through a $95 million investment, with Lateral Investment Management retaining an equity partnership stake. General unsecured creditors received approximately 18% recovery ($700,000 distributed to consenting claimholders from a claims cash pool against $3.9 million in allowed claims). The case was closed on January 8, 2025.
