Clearlake-Backed Manufacturer, Creditors in Talks on Debt Swap

Valcour Packaging is holding discussions with some creditors that would trim its debt load and provide the packaging components maker with fresh money, according to people with knowledge of the situation.

• A deal — which could be announced in the next few days — would change the order of debt repayments and include an exchange at discounted prices, said the people, who asked not to be identified discussing a private matter
  • A swap would be open to all creditors, but lenders who negotiated the deal would receive better terms
• Messages seeking comment from Clearlake Capital, which acquired the company in ...