Clearlake-Backed Springs Window Seeks to Unite Vying Debt Groups

Clearlake Capital Group—backed Springs Window Fashions LLC is huddling with two creditor groups in search of a debt restructuring deal that would bring both recently-dueling factions on board, according to people familiar with the situation.

The window treatment and blind supplier is looking to trim its over $2 billion debt load and secure fresh financing, and has begun confidential talks involving members of both groups, said the people, who asked not to identified discussing a private matter.

Each group previously made its own pitch to provide Springs with much-needed cash and exchange debt at discounted prices, the people said. ...