Beverage Can Maker Vobev Files Chapter 11, Gets DIP from Ares

Salt Lake City-based Vobev LLC files for Chapter 11 in the Bankruptcy Court for the District of Utah on Monday, according to court papers.

• Co has about $402 million funded debt obligations as of the petition date, according to court papers
  • Firm “produces and fills tens of millions of aluminum beverage cans per year for some of the most well-known beverage companies in the world”: papers
• It negotiated terms with lenders to secure an up to $37.25 million debtor-in-possession facility
  • Ares Capital is listed as one of the DIP lenders: document
• The case is Vobev, LLC, LC, 24-26346, in ...